Gain a better understanding of how to substantially reduce IRS tax penalties.
This topic is intended to provide you with a better understanding of how to substantially reduce IRS tax penalties. You will leave with practical applications that you can apply to your business to help eliminate penalties and help clients seek tax relief.
Learning Objectives
- You will be able to differentiate between IRS Penalty types.
- You will be able to identify the advantages and disadvantages of the Appeals Process.
- You will be able to recognize the characteristics of a Penalty Protest.
- You will be able to identify amendment types.
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Why Lorman?
Over 37 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
IRS Penalties
- Types of Abatement
- Abatement Letters
- IRS Forms for Refunds or Abatements
Reasonable Cause and Proper Business Care
- Using Compliance Policies and Procedures to Create Reasonable Cause and Due Care
- Documentation Required
- Creating a Framework to Get a Penalty Waived
IRS Notices
- Common IRS Notices
- Response Required for Each Notice
- Tips and Tricks to Responding to Notices
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Credit
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Why Lorman?
Over 37 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 Course
This course was last reviewed on July 25, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.2 including Taxes 2.2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.2 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 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
Nicholas Preusch
YHB | CPAs & Consultants
- Tax Director at YHB CPAs
- Practice emphasis on not-for-profits, international tax, and tax ethics
- Conducts regular seminars and workshops on numerous complex tax issues across the United States
- Published in the AICPA’s Journal of Accountancy, The Tax Adviser, CCH’s Journal of Tax Practice and Procedure, and a co-written textbook on Circular 230 and Preparer Penalties published by Thomson Reuters
- Member of the AICPA and Virginia Society of CPAs
- LL.M. degree in taxation, Georgetown University; J.D. degree, Case Western Reserve University; M.S. degree in accounting, University of Connecticut; B.A. degree in accounting and business, Carthage College
- Can be contacted at [email protected]
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Why Lorman?
Over 37 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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