IRS Penalty Abatement: Reasonable Cause & Removal of Penalties FLEXCAST

Overview

This course presents numerous topics within the subject of Reasonable Cause. We will demonstrate how to navigate a first-time IRS Penalty Abatement Program. We will show by using the Internal Revenue Manual, IRC, Regulations and case law how to navigate and support your clients reasonable cause position. This webinar will provide valuable techniques to assist our clients to reduce penalties imposed by the Internal Revenue Service in various situations. Come join us for this indispensable webinar to assist your clients in their time of need.

Highlights

Reasonable Cause and Good Faith. Case Law. Revenue Procedure 84-35, 194-1 C.B. 509.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Describe the glossary of terms to Know. Explain and depict Reasonable Cause Assistant {RCA}. Interpret First Time Abatement {FTA} Program and distinguish when to use and when not to. Explain Revenue Procedure 84-35 and will offer an update if still available since the new Partnership Audit Regime. Analyze, Discuss, and translate Reasonable Cause issues for penalty abatement. Illustrate and present Abatement and or Appeal Letter Formats. Educate and discuss Form 843 and when to use. Enlighten on the procedure for filing and usage on Form 8275

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.