Penalty Games: Reducing IRS Penalties

Wednesday, June 21, 2017, 2:00 PM - 4:00 PM ET

Each day the Internal Revenue Service asserts millions of dollars in tax penalties against taxpayers. Many of those penalties are subsequently abated because of quality representation by experienced practitioners.

In Penalty Games: Reducing IRS Penalties, tax litigation expert Robert E. McKenzie covers the basics of the IRS's abusive preparer program, preparer penalties, and due diligence. You'll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.

This webinar will cover the basics of supporting reduction of IRS tax penalties. You will learn about:

• Reasonable Cause

• Ordinary Business Care and Prudence

• Internal Revenue Service Preferred Reasons for Abatement of Penalties

• A practical approach to seeking abatement of penalties

Learning Objectives: 
Upon successful completion of this webinar, you should be able to:

  • Identify some of the most common types of collection and accuracy-related penalties
  • Determine penalty periods and penalty rates
  • Compute penalties the IRS will assess
  • Avoid cascading penalties
  • Define reasonable cause and determine if it can be used for penalty relief
  • Determine if a taxpayer has exercised ordinary business care and prudence
  • Identify the IRS's preferred reasons for penalty abatement and relief
  • Write an effective request for abatement of penalties
  • Reduce tax penalties asserted by the IRS against your clients

Presented by Robert McKenzie, EA, ESQ 

IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

NSA ConnectED Webinar Series 
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

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