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2022 IRS Penalty Abatement Requests

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Webcast
Icon_Level
Update
Credits
CPE Credits
1 Credits: Taxes

Course Description

Each day, the Internal Revenue Service issues millions of dollars in tax penalties against taxpayers who failed to file or pay correctly. Many of these penalties can be reduced through an abatement request by a knowledgeable and skilled practitioner. In this course, Adam Fayne covers the basics of the IRS’s available penalties to assert against taxpayers. You’ll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.

Learning Objectives

Upon completing this course, participants will be able to:

  • Identify the specific components of the failure to pay (FTP) failure to file (FTF) penalties.
  • Identify the specific components of the fraudulent failure to file (FTF) penalty.
  • Identify the specific components of the failure to deposit (FTD) penalty.
  • Identify the specific requirements of the various reasonable cause assertions.
  • Identify the specific components of the accuracy penalty.

Course Specifics

Course ID
WC1822291371
Revision Date
July 22, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02050-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1786
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

2022 IRS Penalty Abatement Requests

Expert Instructors
CPE CREDITS
1 Credits: Taxes

$49.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
1 Credits: Taxes

Course Description

Each day, the Internal Revenue Service issues millions of dollars in tax penalties against taxpayers who failed to file or pay correctly. Many of these penalties can be reduced through an abatement request by a knowledgeable and skilled practitioner. In this course, Adam Fayne covers the basics of the IRS’s available penalties to assert against taxpayers. You’ll learn details about the IRS tax code that can substantially reduce many tax penalties asserted by the IRS against your clients.

Learning Objectives

Upon completing this course, participants will be able to:

  • Identify the specific components of the failure to pay (FTP) failure to file (FTF) penalties.
  • Identify the specific components of the fraudulent failure to file (FTF) penalty.
  • Identify the specific components of the failure to deposit (FTD) penalty.
  • Identify the specific requirements of the various reasonable cause assertions.
  • Identify the specific components of the accuracy penalty.

Course Specifics

Course ID
WC1822291371
Revision Date
July 22, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02050-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1786
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

2022 IRS Penalty Abatement Requests

Expert Instructors
CPE CREDITS
1 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.

$49.00