Reducing IRS Penalties (ACRP)


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Discussion Leader
Nick Preusch, CPA, J.D., LLM

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Reducing IRS Penalties (ACRP)

Customer Rating

Field of Study

Taxes

Level

Basic

Credits

1

Qualifies For

CPE

Overview

No matter the size, a practice is sure to see clients who run afoul of the IRS. This can result in penalties for them and even for preparers themselves. This course will look at the different penalties the IRS can assess and how to reduce them through several well-tested methods.

Major Topics

  • Accuracy-related penalties
  • Authorities practitioners can rely on
  • Disclosed tax return positions
  • Preparer penalties
  • Navigating the appeals process
  • Amended returns
  • Claims for refunds
  • Audit reconsiderations
  • Protective claims
  • Statute of limitations

Learning Objectives

  • Understand the penalties that the IRS can assess against taxpayers and preparers
  • Determine different ways to appeal or abate the penalties
  • Understand how long the IRS statute of limitations could apply

Designed For

CPAs who work on taxes

Prerequisite

None

Advanced Preparation

None


'
Discussion Leader
Nick Preusch, CPA, J.D., LLM

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