Note: No educational credits are issued for the recording.
Those late-night commercials make it sound just so easy, but how do you get rid of tax penalties? This program will cover the various penalties applied by the IRS, and the various ways practitioners can seek to have them removed. The program will cover First Time Penalty Abatement, abatement for reasonable cause, and how to lay the groundwork for avoiding penalties during the audit or collection matter.
Learning Objectives:
- Understand the first-time abatement program and when it applies
- Describe reasonable cause for avoidance of penalties
- Identify opportunities to avoid penalties during an IRS examination
