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Cpece webinars
Tax Penalties and Penalty Abatement Workshop

TAX PENALTIES AND PENALTY ABATEMENT WORKSHOP

Cost $250.00
CPE Credits 4.0 hours
Subject Area 4.0 - Taxes (Federal Tax)
CE Credits 4.0 hours
Course Id# - HURS9-T-01024-21-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

When a new client comes to you and wants you to get rid of their IRS penalties, what do you do? What if you represent a client during an IRS audit and penalties are assessed? Those late-night commercials make it sound just so easy, but is it? This workshop will cover the types of penalties applied by the IRS, including ones that could arise during an audit, and the options practitioners have available to have them removed. First, we’ll provide a good understanding of the various penalties, when they might occur, and why the penalties exist.


Next, we’ll explain, step-by-step how to go about knocking them out for your clients. We’ll cover the First-Time Penalty abatement and abatement for reasonable cause, developing and documenting reasonable cause arguments for relief. We’ll explain how to lay the groundwork for avoiding penalties during the audit, or before the appeal.


We’ll share how to draft your abatement request and document your client’s reasonable cause justification to give it the best possible chance of success. Finally, the program will discuss more significant penalties like the civil fraud penalty, the trust fund recovery penalty, and orders of restitution from criminal tax issues. Throughout the workshop, we’ll include case studies with completed examples and analyses that you can use in your own practice.


Your instructor is Eric Green, a nationally recognized tax attorney, and popular speaker and author who has helped thousands of accountants start and grow successful tax representation practices. 


This special workshop on Tax Penalties and Penalty Abatement is more than just another CPE webinar. In addition to the presentation slide deck, you’ll get 10 handouts consisting of forms, samples, checklists, templates, and other practice aids.


Learning Objectives:


  • List the various penalties and why the IRS utilizes penalties

  • Summarize the first-time abatement program and when it applies

  • Give examples of reasonable cause for the avoidance of penalties

  • Identify opportunities to avoid penalties during an IRS examination

  • Determine what an abatement request needs to cover in order to meet IRS standards for relief

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Eric is a partner in Green & Sklarz LLC, a boutique tax firm with Connecticut and New York offices. The focus of Attorney Eric L. Green's practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service, and state Departments of Revenue Services. His practice also handles probate matters and estate planning for individuals and business owners, and tax planning for closely-held businesses. He is a frequent lecturer on tax topics for CCH, the NAEA, the NATP, the ABA Tax Section, and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He is the author of The Accountant's Guide to IRS Collection (available www.tgpublish.com), and he is a columnist for CCH's Journal of Practice & Procedure. He is also the founder of The New England IRS Representation Conference. Mr. Green is a contributing author for Advocating for Low-Income Taxpayers: A Clinical Studies Casebook, 3rd Edition, and has also been quoted in The Wall Street Journal, USA Today, Consumer Reports, The Wall Street Journal's Market Watch, TheStreet.com, and CreditCard.com. Before practicing law Attorney Green served as a senior tax consultant for KPMG and Deloitte & Touche. Attorney Green was the 2010 Nolan Fellow of the American Bar Association and has served as Chair of the American Bar Association's Closely Held Businesses Tax Committee. Attorney Green is the current Chair of the Executive Committee of the Connecticut Bar Association's Tax Section. Eric is a Fellow of the American College of Tax Counsel ("ACTC") and a Connecticut, Massachusetts, New York, and American Bar Association member. He is admitted to practice in Massachusetts, New York, and Connecticut Superior Courts, as well as the United States Tax Court, the Federal Court of Claims, and the Federal District Court for Connecticut. Attorney Green received his Bachelor of Business Administration degree in Accounting with a minor in International Business from Hofstra University and is an honor graduate from New England School of Law. He earned a Masters of Laws in Taxation (LL.M.) from Boston University School of Law.


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Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Taxrepnetwork
The Tax Rep LLC is an online member-driven organization whose mission is to enhance all of its members IRS representation practices by sharing experiences, representation techniques and marketing strategies with each other.