During 2017, the IRS assessed more than 39 million civil penalties totaling $26.5 billion. Many tax practitioners are familiar with the 20% negligence and substantial understatement of income tax accuracy-related penalties, but few tax practitioners have encountered the increasingly common situations where accuracy-related penalties are imposed at a rate of 30% or 40%.

This webinar will cover penalties commonly imposed at rates above 20%, including penalties for undisclosed foreign financial asset understatements, gross valuation misstatements, and reportable transaction understatements. This webinar is a must-attend for all practitioners.