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OnDemand Course

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.

Learning Objectives

  • You will be able to differentiate the types of return filings that may result in an IRS penalty.
  • You will be able to differentiate between assessable and nonassessable penalties.
  • You will be able to identify the penalty impact imposed by the IRS.
  • You will be able to identify the various types of penalty relief.

Runtime: 101 minutes
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Why Lorman?

Over 33 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 33 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 revised on October 10, 2018.

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

  • CPE/NASBA - QAS Self Study 2.5 including Taxes 2.5
     
  • 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: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.5 hours. Prerequisite: . 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 33 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 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
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  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405050
Published 2018
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