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.

Designed For:

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.

Topics Covered

  • Introduction to penalties and their purpose

  • Dealing with Proposed and Assessed Penalties

  • Penalties in detail

  • Recomputing and Reducing penalties

  • Career Reducing penalties

  • Resources

Learning Objectives

  • 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

  • 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

Meet Your Instructor

Eva Rosenberg is the Internet’s TaxMama®. She answers tax questions, provides a free daily TaxQuips podcast and weekly Ask TaxMama® ezine, and a wealth of resources to help folks like you deal with your personal and business tax issues at www.TaxMama.com. Eva was a syndicated national columnist, writing a tax column for Dow Jones’ www.MarketWatch.com for nearly 15 years. She is a best-selling, award-winning author of several books, and is widely regarded as one of the best tax teachers the world has ever known.

Eva Rosenberg, EA, MBA


Course curriculum

  • 01

    Getting Started

    • Before You Start, PLEASE READ THIS!

    • Getting Started Quiz

  • 02

    The Materials

    • Glossary

    • Section 1 - Video Training

    • Section 1 - Slides (PDF)

    • Review Questions - Section 1

    • Section 2 - Video Training

    • Section 2 - Slides (PDF)

    • Review Questions - Section 2

    • Exam Questions

  • 03

    Final Steps

    • IMPORTANT --> Finalizing Your CE / CPE Credits, Hours Reporting Timeline, Etc.

    • 5 Minute Feedback

Additional course details

  • Education Provider: Pronto Tax School, Inc.
  • Instructional Delivery Method: QAS Self-Study Program
  • Recommended CE / CPE Credit: 2 hours
  • NASBA Field of Study: Taxes (2 hours)
  • IRS Education Provider Number: MPMDK
  • IRS Course Number: MPMDK-T-00087-20-S
  • Program Knowledge Level: Intermediate
  • Advance Preparation: None
  • NASBA Sponsor: Pronto Tax School, Inc.
  • NASBA Sponsor #143984
  • IRS-Approved Education Provider: Pronto Tax School, Inc.
  • IRS Education Provider Number: MPMDK

Pronto Tax School, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Refund / Cancellation Policy: full refund available within 14 days of purchase if you are unsatisfied for any reason (except if course completed more than 75%, in that case there will be no refund available, even if within 14 day period).

Complaint Resolution Policy: click here to contact our support team anytime, we resolve any issues amicably and working as a teammate with our valued Members.

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