Penalties exist to encourage voluntary compliance by supporting the standards of behavior required by the internal revenue code.
For most tax payers, voluntary compliance consists of preparing an accurate return, filling it immediately, and paying any tax due. Efforts made to fulfill these obligations constitute compliant behavior. Most penalties apply to behavior that fails to meet any or all of these obligations
There are over one hundred-forty separate IRS penalty provisions.
Are you familiar with the guidelines the IRS uses to compute penalties and interest?
In this IRS Representation online education course, you will gain valuable computation tools, as well as strategies for penalty and interest reduction with updated information.
This online CPE webinar will cover the following topics:
Introduction to penalties and their purpose
Dealing with Proposed Penalties
Dealing with Assessed Penalties
Penalties in detail
Recomputing and Reducing penalties
Learning Objective
To recognize and implement methods for reducing penalties and interest on assessed tax balances
To identify which penalty relief criterion includes those cases that are specifically about using the law in the client’s favor
To recognize how much importance the IRS places on the taxpayer’s actions once the facts and circumstances change and what attempt the taxpayer make to comply
To recognize what you should try and get for your clients, before paying penalties and the related interest
To identify what can result in tax penalty abatement most of the time
To recognize the penalty for a payroll tax deposit that is two dates late
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 2 Hours
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
Mr. Eric Green is a managing partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departments of Revenue Services.
He is a frequent lecturer on tax topics for many national organizations, including Insightful Accountant, CCH, the NAEA, the NATP, the ABA Tax Section and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He was the author and lecturer of the CCH IRS Representation Certificate Program, and has served as a columnist for CCH’s Journal of Practice & Procedure. He is the founder of Tax Rep LLC which coaches accountants and attorneys on building their own IRS Representation practices, and is the host of the weekly Tax Rep Network Podcast.
