IRS Penalty Abatements
You will learn the four types of penalties: First-time penalty abatements How to request an abatement?The reasons for filing the return lateThe state of mind of the taxpayerYou will also receive sample letters to use in requesting a penalty abatement for your clientAreas Covered The course will cover these penalties and how to have them abated:Failure to fileFailure to make depositsFailure to payIt will cover the Trust Fund Recovery Penalty:What it is? How to avoid it?How to have it abated?Who is a responsible person?The interview process to determine the responsible personHow to avoid the interview?As for the First Time Penalty Abatement, you’ll learn: What it is?Penalties eligible for abatementHow to qualify?How to request it?Who Should AttendCertified Public AccountantsEnrolled Agents, and Attorneys that want to ensure their clients are only assessed the proper penalty and how to get an incorrect one abated.Why Should You AttendEvery year, the IRS assesses an astronomical number of penalties against taxpayers. Many of them are wrong and improperly assessed. This course will teach you how to recognize an erroneous penalty and calculate the correct penalty. Most importantly, you will learn how to get an abatement for your clients for the incorrect penalties that have been assessed. You’ll learn what the Trust Fund Recovery Penalty is and how to avoid it, in addition to how to have it abated. You’ll learn about the First Time Penalty Abatement. What it is and how to apply it to have it abated.
Single
You will learn the four types of penalties:
- First-time penalty abatements
- How to request an abatement?
- The reasons for filing the return late
- The state of mind of the taxpayer
You will also receive sample letters to use in requesting a penalty abatement for your client
Areas Covered
The course will cover these penalties and how to have them abated:
- Failure to file
- Failure to make deposits
- Failure to pay
It will cover the Trust Fund Recovery Penalty:
- What it is?
- How to avoid it?
- How to have it abated?
- Who is a responsible person?
- The interview process to determine the responsible person
- How to avoid the interview?
As for the First Time Penalty Abatement, you’ll learn:
- What it is?
- Penalties eligible for abatement
- How to qualify?
- How to request it?
Who Should Attend
- Certified Public Accountants
- Enrolled Agents, and Attorneys that want to ensure their clients are only assessed the proper penalty and how to get an incorrect one abated.
Why Should You Attend
Every year, the IRS assesses an astronomical number of penalties against taxpayers. Many of them are wrong and improperly assessed. This course will teach you how to recognize an erroneous penalty and calculate the correct penalty. Most importantly, you will learn how to get an abatement for your clients for the incorrect penalties that have been assessed.
You’ll learn what the Trust Fund Recovery Penalty is and how to avoid it, in addition to how to have it abated.
You’ll learn about the First Time Penalty Abatement. What it is and how to apply it to have it abated.