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IRS Penalties: Reasonable or Unreasonable Cause

Duration: 100 minutes
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: Self-Study 
 
CPE Credits Designation Field of Study
IRS * 2 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 2 CRTP Federal Tax Law Topic
CFP Board 2 CFP® Income Tax Planning

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

Fees: $52 for Members and $64 for Nonmembers
 
Summary
Penalties are the cornerstone of noncompliance deterrence. Ultimately, most successful penalty abatements rely on effective reasonable cause arguments. You will learn practical ways to effectively evaluate your client's situation for penalty abatement. You will understand whether your client has reasonable cause and what method is most effective for abating your client's penalties. Gain insight into how the IRS evaluates penalty abatement for each type of penalty, and learn how to effectively appeal any abatement denials.

Objectives
Upon completion of this on-demand webinar, you will be able to:

  • Explain the three most common penalty abatement methods.
  • Identify the elements of the “perfect” penalty abatement scenario.
  • Determine which penalty abatement method is best for the most common penalties.
  • Explain reasonable cause and how it applies to the late-payment, late-filing, and accuracy-related penalties.
  • Define reasonable cause and its elements.
  • Draft an effective penalty abatement letter.
  • Know what documents to attach to a penalty abatement request.
  • Appeal a penalty abatement denial.

Presenter: James Buttonow, CPA
Jim Buttonow, CPA, CITP, is a 20-year IRS veteran and a leading expert on IRS practice and procedure. While with the agency, Jim led multifunctional teams across the U.S. in the areas of examination, collection, filing and appeals. After leaving the IRS, Jim worked to represent hundreds of taxpayers before the IRS.

Today, Jim is cofounder and vice president of New River Innovation, where he is chief architect of Beyond415®, the Web-based system for IRS practice and procedure. Jim regularly speaks on compliance trends and post-filing practice efficiency strategies for CPA and accounting firms, and his education-based articles have appeared in the Journal of Accountancy, Accounting Today and various state CPA society magazines. In 2012, Accounting Today named Jim one of the Top 100 Most Influential People in Accounting.

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