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How to Defend Against IRS Penalties

Find out how to prevent IRS penalties and what opportunities exist if you are penalized.

The Internal Revenue Code has more than140 penalty provisions and the Internal Revenue Service has dramatically increased the number of penalties it imposes on taxpayers. From 2005 to 2010, the Internal Revenue Service's assessment of accuracy-related penalties against individuals increased by more than 800%. Taxpayers who are hit with penalties have different avenues for relief, but often are unaware that relief is available. This topic helps taxpayers and tax practitioners understand the different types of penalties that the IRS may assert, how the IRS determines whether to assert penalties, and what taxpayers can do to minimize their risk of being hit with penalties. Taxpayers and practitioners are also given tools to defend against the assertion of penalties by the IRS, both at the Exam level and at IRS Appeals. Knowing how the IRS views and assesses penalties before the return is even filed is critical to succeeding in defending against penalties if that return is selected for audit.

Runtime: 97 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Types of Penalties

  • Accuracy-Related
  • Failure to File/Failure to Pay/Estimated Tax
  • Preparer/Promoter Penalties
  • International Penalties

Contesting Penalties at the Examination or Administrative Level

  • IRS' Approach to Penalties
  • Assessable vs. Nonassessable Penalties
  • Assessment and Abatement Authority Within the Service

Asserting Defenses Against IRS Penalties

  • Reasonable Cause
  • Adequate Disclosure
  • Other Grounds for Abatement of Penalties

The Future of IRS Penalties

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 18, 2018.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • GA CLE 1.7
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michelle Abroms Levin

Michelle Abroms Levin

Sirote & Permutt, PC

  • Of counsel with Sirote & Permutt, PC and a member of the firm’s Tax Controversy Practice Group
  • Represents clients during all phases of federal tax controversies, including IRS audit, administrative appeals, and court proceedings in the U.S. Tax Court, U.S. Court of Federal Claims, and federal district court
  • Prior to joining Sirote, she was a trial attorney at the United States Department of Justice’s Tax Division
  • Speaks regularly on various topics relating to tax controversy, such as navigating international penalties and the IRS audit and appeals process
  • J.D. degree, University of Texas School of Law; B.S.B.A. degree, magna cum laude, Washington University, Olin School of Business
  • Can be contacted at 256-518-3605 or [email protected]
Gregory P. Rhodes

Gregory P. Rhodes

Sirote & Permutt, PC

  • Shareholder in the Birmingham office of Sirote & Permutt, PC
  • Practice emphasizes tax controversies, tax litigation and tax planning
  • Wrote several publications related to tax controversy and tax planning, including Navigating the Defenses to Valuation Penalties in Charitable Deduction Cases published in the Journal of Taxation’s December 2014 edition; Mr. Rhodes’ articles on developments in the world of tax controversy and IRS penalties can be found on Sirote’s tax controversy blog: http://www.sirote.com/blog/tax-controversy/
  • J.D. degree, University of Mississippi; LL.M. degree in taxation, New York University
  • Can be contacted at 205-930-5445 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404270
Published 2018
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