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.
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