Note: No educational credits are issued for the recording.
IRS examiners have become very aggressive in pursuing preparer penalties and appraisal penalties when it believes the professional crossed the line. This can be for anything from disagreeing with the valuation you arrived at or even failing to file your own tax returns. These penalties, once paid, will lead to an automatic referral to the IRS Office of Professional Responsibility. We have defended several professionals lately before the Office and will update you on what the IRS is doing, what you can do to avoid the penalty, and if assessed what to do to avoid the OPR referral. If referred, we will explain what will happen and how best to defend yourself to avoid losing your license and ability to practice.
- Identify the penalties that create an OPR referral
- Explain how OPR operates
- Describe the process for defending a tax professional before the IRS OPR