2022 IRS Trust Fund Recovery Penalty FLEXCAST

Overview

The IRS has the authority to hold officers and certain employees personally responsible for the employer’s portion of employment taxes. This course will discuss the authority granted to the IRS, the process the IRS uses to investigate and assess personal liability, and what tools are available to practitioners and taxpayers to mitigate or avoid personal liability of these employment taxes.

Highlights

Employment Taxes Responsibility Willfulness

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Understand the scope of liability and risk that a taxpayer has to be assessed the Trust Fund Recover Penalty Understand how to respond to a Revenue Officer who is investigating a taxpayer that may be responsible for unpaid employment taxes Recognize the tools available to avoid personal assessment or mitigation of the Trust Fund Recover Penalty

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.