Understanding Common IRS Penalties

Summary

Penalties are the cornerstone of noncompliance deterrence. From 1955 to present, the number of penalties enforced by the IRS has increased from 14 to more than ten times that. This course can help you understand common IRS penalties and options for obtaining relief from those penalties.

Objectives

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

  • Identify common penalties assessable against a taxpayer.
  • List the four categories of penalty relief.
  • List the four steps in drafting a penalty abatement letter.
  • Identify common penalties assessable against a tax professional.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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