Penalty Games: Reducing IRS Penalties


Aug 20,2020

PRESENTER(s): Robert E. McKenzie

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved IRS CPE Credit 2(Taxes)

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Each day the Internal Revenue Service asserts millions of dollars in tax penalties against taxpayers. Many of those penalties are subsequently abated because of quality representation by experienced practitioners. 

Tax litigation expert Robert E. McKenzie covers the basics of preparer penalties and due diligence. You'll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.This class will cover the basics of supporting reduction of IRS tax penalties.

Learning Objectives:

  • Reasonable Cause
  • Ordinary Business Care and Prudence
  • Internal Revenue Service Preferred Reasons for Abatement of Penalties
  • A practical approach to seeking abatement of penalties
Session Highlights:

  • Origins of Tax penalties
  • What is filed return and bad checks
  • What happens and what are the penalties if you fail to file tax returns or pay tax
  • How to compute penalties
  • What happens when you fail to deposit penalties
  • Cascading penalties according to IRC Sec. 6656
  • What are the reasons behind penalty relief
  • What is reasonable cause and what are the exceptions to the cause
  • When is a reasonable cause assistant needed
  • What happens during first time abatement
  • Case exhibits (case studies) as a learning tool

Credits and Other information:

  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference
  • Session learning level: Introductory
  • Delivery method: Group Internet Based
  • IRS Credits: 2 Tax Hours
  • IRS Course ID: PJGWS-T-00008-20-O

Who Will Benefit:

  • CPA's
  • Tax Attorneys
  • Accountants
  • Tax Compliance Managers
  • Other Tax Professionals

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