Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce penalties and interest they owe to the IRS if the taxpayer can prove "reasonable cause". This informative and insightful webinar will provide you with some insider tips, practical steps and effective strategies to help your client manage IRS tax penalties and interest.
DESIGNED FOR
CPAs, Enrolled agents, Attorneys, Finance professionals, Financial planners, Tax Professionals
BENEFITS
After attending this presentation you will be able to...
- Identify situations where penalties can be imposed
- Utilize techniques for preventing or reducing any penalty assessments
- Ascertain when the First Time Abatement can be used
- Obtain a working knowledge of the procedure governing the request for refund
HIGHLIGHTS
The major topics covered in this class include:
- Various types of penalties: Accuracy related, fraud, understatement of valuation, reporting requirement, failure to pay, and pay or deposit penalties
- Rules on waiver of penalties and in
PREREQUISITES
None
ADVANCE PREPARATION
None