THE 2024 SEASON PASS INCLUDES THIS COURSE.
Do NOT purchase this course separately if you buy a 2024 PASS.
With the dramatic increase in IRS interest rates from 3% to 8% over the last two years, understanding how the IRS imposes interest on unpaid balances can help tax professionals mitigate interest accruals for clients. In addition, related penalties, such as the §6651(a)(2) failure to pay penalty and the §6654 estimated tax penalty, will also be discussed with potential mitigation and abatement strategies.
Learning Objectives:
Describe how interest accrues on unpaid federal balances.
Describe how the failure to pay penalty accrues on unpaid federal balances.
Describe how the estimated tax penalty is calculated.
Explain potential mitigation and abatement strategies for interest accruals, the failure to pay penalty, and the estimated tax penalty.
Education Information:
IRS Program Number: NMVBP-T-00277-24-O
Credit Hours: 2 CPE (NASBA); 2 CE (IRS)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based (NASBA); Online Webinar (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about this instructor.
Refund Policy: Refunds processed prior to noon ET the day before the LIVE event are subject to a $25 processing fee. No refunds will be given for LIVE webinars after noon ET the day before the event, but if you are unable to attend the LIVE webinar for any reason you will be given access to the on-demand webinar on the same topic. Click here for more information about our education, refund, and complaint policies.
