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Understanding Common IRS Penalties Self-Study

Summary

Penalties are the cornerstone of the IRS’s fight against noncompliance and serve as a deterrent. From 1955 to present, the number of penalties enforced by the IRS has increased from 14 to more than 10 times that number. This course will help you understand common IRS penalties such as the late filing penalty and the late payment penalty, as well as options for obtaining relief.

Objectives

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

  • Identify common penalties assessed against taxpayers
  • List the types of penalty relief available
  • Prepare a penalty abatement letter
  • Identify common penalties assessable against a tax preparer

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.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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

 
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