Erase the Mark: Best Practices in Penalty Abatement

Overview:

It’s automatic that when a taxpayer receives a tax notice, the tax due will have penalties added. When the client gives you the IRS notice, do you know if that penalty can be removed and how? This course will show you how to evaluate the penalty, devise a plan to remove it, and possibly appeal the IRS decision if you don’t get it removed.

Why you should Attend:

After attending this presentation, you will be able to

• Identify the authority of the IRS to assess penalties 
• Recognize the common types of penalties that can be abated 
• Develop a plan to request penalty abatement 
• Review real examples of successful penalty abatements

Areas Covered in the Session:

• The major topics covered in this class include: 
• The authority of IRS in assessing tax penalties 
• The types of penalties that can be removed 
• The process the IRS uses to evaluate penalty abatements
•  How to request penalty abatements 
• Best practices in asking for penalty abatement, including use appeals

Who Will Benefit:

• Return Preparers and those who Practice Tax Compliance