Tax Penalties and Penalty Abatement: An Opportunity for... Full Title: Tax Penalties and Penalty Abatement: An Opportunity for Revenue Growth The IRS applies tax penalties automatically whenever certain issues arise, such as underpayment or a late filing. In 2022, the IRS assessed over $73 billion in penalties. Even taxpayers who “do not have a tax problem” have probably been charged penalties. Penalty abatement is one of the most sought-after services when taxpayers go looking for help. This program will cover how tax penalty abatement works for both the automatic first-time abatement and reasonable cause abatement, how to put together these requests and how to charge for this value-added service. Objectives: Describe the first-time abatement program and when it applies. Illustrate reasonable cause for avoidance of penalties. Explain how to put together a reasonable cause request for abatement. (Date of webinar: 4/10/2024 at 2:00pm CT) Discounted member price: 39.00 Your price: 99.00 You could save: 60.6% Quantity: Quantity is required. Quantity must be a positive whole number. Proceed to Checkout Members need to login to receive discount pricing. Knowledge is an investment in yourself, thank you for learning with us!