When a new client comes to you and wants you to get rid of their IRS penalties, what do you do? What if you represent a client during an IRS audit and penalties are assessed? Those late-night commercials make it sound just so easy, but is it?
This workshop will cover the types of penalties applied by the IRS, including ones that could arise during an audit, and the options practitioners have available to have them removed. First, we’ll provide a good understanding of the various penalties, when they might occur, and why the penalties exist.
Next, we’ll explain, step-by-step how to go about knocking them out for your clients. We’ll cover the First-Time Penalty abatement and Abatement for reasonable cause, developing and documenting reasonable cause arguments for relief. We’ll explain how to lay the groundwork for avoiding penalties during the audit or before the appeal.
We’ll share how to draft your abatement request and document your client’s reasonable cause justification to give it the best possible chance of success. Finally, the program will discuss more significant penalties like the civil fraud penalty, the trust fund recovery penalty, and orders of restitution from criminal tax issues. Throughout the workshop, we’ll include case studies with completed examples and analysis that you can use in your own practice.
Your instructor is Eric Green, nationally-recognized tax attorney and popular speaker and author who has helped thousands of accountants start and grow successful tax representation practices. Full bio below.
This special Tax Penalties and Penalty Abatement workshop is more than just another CPE webinar. In addition to the presentation slide deck, you’ll get 10 handouts consisting of forms, samples, checklists, templates, and other practice aids.
This course is perfect for CPAs, EAs, attorneys, and tax professionals. Qualified participants will earn 4 CPE / IRS CE.