How to Reduce Penalty Exposure: Qualified Amended Returns FLEXCAST

Overview

This class from Leslie Book, professor of law at Villanova University Charles Widger School of Law, will cover civil tax penalties. More specifically, it will address the topic of qualified amended returns, a not well known but important way to avoid the possible imposition of accuracy related civil tax penalties. In discussing qualified amended returns, the class will also briefly address the related but different concept of superseding returns.

Highlights

Civil tax penalties.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Civil tax penalties overview - accuracy related penalties, penalties by the numbers, underpayment and accuracy related penalties, and substantial understatement. High level QAR and Immediate Effect. Superseding Returns- civil fraud penalty exposure after an original possible fraudulent return is filed. QAR and Crypto Transactions.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.