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If there’s a potential error, the IRS will assess a tax and add a hefty penalty—often without knowing the full facts. This course, "Reducing IRS Penalties," is designed to help tax professionals like you understand, prevent, and reduce IRS penalties using proven tools and legal relief strategies. Whether it's failure-to-file, failure-to-pay, or accuracy-related issues, you'll learn how to protect your clients and advocate effectively.
The IRS imposes penalties for even minor oversights. These can cost your clients thousands. From estimated tax underpayments to payroll deposit failures, understanding how and why these penalties are assessed is critical. This course equips you with insider tips, real case examples, and effective strategies for relief—including First Time Abatement (FTA) and Reasonable Cause.
Types of IRS Penalties: Understand penalties related to failure-to-pay, estimated taxes, accuracy issues, and payroll deposit errors.
Abatement and Relief Strategies: Use FTA, Reasonable Cause exceptions, and refund requests to reduce or eliminate penalties.
Appeals & Refund Requests: Learn how to build and submit strong abatement requests, navigate appeals, and reference the Internal Revenue Manual (IRM).
Best Practices: Discover how to proactively avoid future penalties through smart filing and compliance procedures.
By the end of this course, you’ll be able to:
IRS penalties can severely impact your clients’ financial health. Gain the tools to prevent and fight them—boosting your value and credibility. Enroll today and take your tax practice to the next level.
CPA
Tax Preparer
Accountants
Attorney
Auditor
Bookkeeper
Finance Professional
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reut...
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