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