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Tax Penalties and Penalty Abatement: An Opportunity for...
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
99.00
You could save: 60.6%

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