IRS Practice Series: Computing Or Recalculating IRS Assessments For Interest & Penalties (Currently Unavailable)

Author: Eva Rosenberg, Michael Rozbruch

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This self study on-demand webcast will help you understand how IRS computes their penalties and interest. You will be introduced to tools that will help you with the computations. You will also learn how to get penalties and/or interest reduced.

Publication Date: February 2014

Designed For
Any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory collections action. And tax practitioners who want to grow their business into this rapidly expanding market. Note: Those who have earned the Tax Mediary (CTM) Certificate, will earn the Tax Mediary (CTM) Certificate — Intermediate Level upon completion of the full series.

Topics Covered

  • Understanding interest and penalty code sections
  • Where to find current interest and penalty rates
  • Tips to get penalties abated or reduced
  • Identifying reliable computation software

Learning Objectives

  • Provide a comprehensive understanding of the methods for reducing penalties and interest on assessed tax balances.

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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