Tuesday, July 22 | 10:30 a.m. - 12:10 p.m. | Concurrent Session
Erase the Penalty: Best Practices in Abatement
2 CPE for AFSP, EA, CPA, CRTP
It’s automatic that when a taxpayer receives a tax notice, the tax due will have penalties added. When the client gives you the IRS notice, do you know if that penalty can be removed and how? This session will empower tax professionals with the tools to evaluate penalties, devise strategies for removal and appeal unfavorable decisions.
You’ll gain a clear understanding of the IRS’s authority in assessing penalties and explore the types of penalties that may qualify for abatement. Learn the IRS’s process to evaluate penalty abatement requests and how to successfully navigate this system. Discover best practices for crafting compelling abatement requests and effectively utilizing appeals to advocate for your clients. By the end of this session, you’ll be ready to handle IRS penalty notices with confidence and achieve the best outcomes for your clients.
Objectives
Upon completion of this session, you will be able to:
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Identify the authority of the IRS to assess penalties
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Recognize the common types of penalties that can be abated
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Develop a plan to request penalty abatement
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Review real examples of successful penalty abatements
CPE information
Duration: 100 minutes
Course level: Overview
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live