IRS Penalties and Abatements
Date: December 19, 2024
Speaker: Nicholas Preusch
Description
Are you ready to master reducing IRS penalties and protecting your clients from unnecessary financial strain? Our cutting-edge course, "Reducing IRS Penalties," is specifically designed for tax professionals like you who are committed to safeguarding their clients' interests and ensuring compliance.
Why This Course Matters:
The IRS can impose various penalties that could significantly impact your client's financial well-being. From failure-to-file and failure-to-pay penalties to accuracy-related issues, understanding these penalties and knowing how to address them is essential for effective tax practice. This course equips you with the crucial knowledge and strategies needed to minimize or eliminate IRS penalties, making you a valuable asset to your clients.
What You'll Learn:
- Types of IRS Penalties: Gain a thorough understanding of the various penalties the IRS can impose, including failure-to-file, failure-to-pay, accuracy-related penalties, and more. Learn how these penalties are triggered and how they impact your clients
- Abatement and Relief Strategies: Explore proven methods for decreasing or reducing penalties. Master techniques like reasonable cause arguments, first-time penalty abatement (FTA), and statutory exceptions to provide effective relief for your clients
- Navigating the Appeal Process: Learn the ins and outs of the IRS penalty appeal process. Develop the skills needed to negotiate penalty reductions and effectively advocate for your clients
- Preventative Measures: Discover proactive strategies to avoid common penalties in tax filings. Implement best practices to minimize the risk of future penalties and ensure smooth compliance
Why You Should Attend
By the end of this course, you will be armed with the tools and insights necessary to tackle IRS penalties head-on. You’ll be able to:
- Identify various IRS penalties and understand what triggers them
- Employ strategies for penalty abatement and reduction, including FTA and reasonable cause arguments
- Navigate the penalty appeal process with confidence and expertise
- Prevent penalties by proactively addressing potential issues in tax filings
Transform Your Practice and Protect Your Clients:
Don’t let IRS penalties undermine your client's financial stability. Enroll in our "Reducing IRS Penalties" course today and become a master in minimizing and eliminating IRS penalties. Equip yourself with the skills to make a tangible difference in your client's tax situations and elevate your professional expertise.
Who Should Attend
- CPA
- Tax Preparer
- Accountants
- Attorney
- Auditor
- Bookkeeper
- Finance Professional
SPEAKER
Nicholas Preusch
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation)
