Abating IRS Penalties On-Demand Webinar

Summary

Even the most well-intentioned taxpayers and tax preparers can make a mistake on a return. When this happens, the IRS may assess penalties and interest. Luckily though, there are vehicles available from the IRS that can potentially abate the penalties. In this webinar, we’ll discuss various penalties applied by the IRS and the ways to have them removed. We’ll cover the first-time abatement penalty, abatement for reasonable cause and how to lay the groundwork for avoiding penalties during the audit.

Objectives

Upon completion of this course, you will be able to:

• Summarize the first-time abatement program and determine when it applies
• Describe reasonable cause for avoidance of penalties
• Identify opportunities to avoid penalties during an IRS examination

Course Details

This on-demand webinar includes the presentation slides, exam questions and recording of the webinar broadcast with review questions. CPE is issued after exam is successfully completed.