Taxpayers don’t like IRS penalties—and tax professionals are often called on to help. This course explores the most common post-filing penalties and the options available for obtaining relief, including requesting and appealing penalty abatement. You will learn how to apply first-time abatement and establish reasonable cause, along with understanding key abatement scenarios. The course also covers the growing need for assistance with delinquent returns, including best practices for preparing, filing, and following up on past-due filings.
After completing this course, you will be able to:
- Overview of IRS Penalties
- 5 ways the IRS abates penalties.
- IRS penalty administrative waivers
- Reasonable cause arguments for penalty relief
- Appealing adverse penalty abatement decisions
- IRS delinquent return enforcement and notice
- Essential actions and best practices in filing back returns
