Each day, the Internal Revenue Service issues millions of dollars in tax penalties against taxpayers who failed to file or pay correctly. Many of these penalties can be reduced through an abatement request by a knowledgeable and skilled practitioner. In this course, Adam Fayne covers the basics of the IRS’s available penalties to assert against taxpayers. You’ll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.
IRS abatement requests.
CPAs and other tax professionals.
Identify the specific components of the failure to pay (FTP) failure to file (FTF) penalties. Identify the specific components of the fraudulent failure to file (FTF) penalty. Identify the specific components of the failure to deposit (FTD) penalty. Identify the specific requirements of the various reasonable cause assertions. Identify the specific components of the accuracy penalty.
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.
Adam Fayne, Western CPE
Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both federal and state, particularly involving civil and criminal tax fraud, including tax evasion, money laundering and offshore tax compliance. Adam’s knowledge of tax law is informed by his former role as a Special Assistant U.S. Attorney with the Department of Treasury’s IRS.
Non-Member Price $56.00
Member Price $49.00