Computing or Recalculating IRS Interest and Penalties (TaxMama Tax Problem Resolution Series)
Learn about advanced tactics and valuable computation tools for reducing IRS penalties and/or interest - Pronto!
Did you know that you have the power to reduce many IRS penalties – and the related interest? In fact, in some instances, you can get the interest waived altogether. Are you familiar with the guidelines the IRS uses to compute penalties and interest? Course participants gain information about valuable computation tools, as well as strategies for penalty and interest reduction.
This course is for tax practitioners who want to protect their clients from IRS' predatory collections action, develop the skills to prevent and/or resolve IRS collections actions, and want to grow their business into this rapidly expanding market. You don’t need to be an expert at collections representation to handle these issues after you’re done with this series of courses. And you won’t need to refer your clients to other tax experts.
You can get started today and you'll have 365 days access to all materials so that you can work through the course at your own pace.
If you have questions about whether or not this course is the right fit for your needs, please feel free to contact our customer support team via email or call us (or text message us) directly (310) 422 - 1283.
Recognize and implement methods for reducing penalties and interest on assessed tax balances
Describe the steps in the tax penalty abatement process
Identify which penalty relief criterion includes those cases that are specifically about using the law in the client's favor
Recognize 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
Identify in which circumstance an administrative waiver might be allowable
Recognize what you should try and get for your clients, before paying penalties and the related interest
Identify what can result in tax penalty abatement most of the time
Describe what the IRS might consider a Special Circumstance
Identify the statute of limitation on tax assessments
Identify how the IRS will abate the penalties
Introduction to penalties and their purpose
Dealing with Proposed and Assessed Penalties
Penalties in detail
Recomputing and Reducing penalties
Career Reducing penalties
Recognize the penalty for late payroll tax deposits – and how to overcome most of the penalties
Differentiate circumstances which would interest NOT be disregarded for a period of time
Eva Rosenberg, EA, MBA
Before You Start, PLEASE READ THIS!
Getting Started Quiz
Section 1 - Video Training
Section 1 - Slides (PDF)FREE PREVIEW
Review Questions - Section 1
Section 2 - Video Training
Section 2 - Slides (PDF)
Review Questions - Section 2
IMPORTANT --> Finalizing Your CE / CPE Credits, Hours Reporting Timeline, Etc.
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