Name: IRS Representation Series - Interest & Penalties
Price: 91 USD
Rating: 5 (1 reviews)

What You'll Learn

check_circleRecognize and implement methods for reducing penalties and interest on assessed tax balances

check_circleDescribe the steps in the tax penalty abatement process

check_circleIdentify which penalty relief criterion includes those cases that are specifically about using the law in the client's favor

check_circleRecognize how much importance the IRS places on the taxpayer's actions once the facts and circumstances change and what attempt the taxpayer make to comply

check_circleIdentify which circumstance an administrative waiver might be allowable

check_circleDescribe the §Sec. 6651(a)(2) taxpayer penalty for failing to timely pay a tax

check_circleRecognize what you should try and get for your clients, before paying penalties and the related interest

check_circleDescribe the Internal Revenue Service's stated purpose of assessing penalties to taxpayers

check_circleIdentify what can result in tax penalty abatement most of the time

check_circleRecognize a method of abatement is not discussed, but may prove effective

check_circleDescribe what the IRS might consider a Special Circumstance

check_circleIdentify the statute of limitation on tax assessments for fraudulent returns

check_circleRecognize how many separate IRS penalty provisions exist

check_circleIdentify how the IRS will abate the penalties

check_circleRecognize the penalty for a payroll tax deposit that is two dates late

check_circleDifferentiate circumstances which would interest NOT be disregarded for a period of time

check_circleIdentify the order of payment allocated by the IRS, when a taxpayer fails to specifically allocated a payment to the IRS

About This Course

Are you familiar with the guidelines the IRS uses to compute penalties and interest? Course participants gain valuable computation tools, as well as strategies for penalty and interest reduction.

This course will cover the following topics:

-Introduction to penalties and their purpose -Dealing with Proposed Penalties -Dealing with Assessed Penalties -Penalties in detail -Recomputing and Reducing penalties

Field of Study: Taxes IRS Field of Study: Federal Tax

Your Instructors

Lambers Inc.

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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Eva Rosenberg

EA, CTC, CTRS (the Internet’s TaxMama®)

Eva Rosenberg, EA, CTC, CTRS (the Internet’s TaxMama®) has a BA in Accounting and an MBA in International Business. Eva developed the EA Review course for UCLA over 20 years ago and has been teaching her own comprehensive EA course online for 15 years. Eva is a member of the IRS’ Los Angeles Stakeholder Practitioner Liaison team, and is the award-winning author of two best-selling books, Small Business Taxes Made Easy, published by McGraw-Hill and Deduct Everything! from Humanix Publishing. Eva was also a columnist for Dow Jones’ www.MartketWatch.com for nearly 15 years.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

IRS Representation Series - Interest & Penalties

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