This session reviews abatement options for common penalties, including, but not limited to, the failure-to-file penalty, the failure-to-pay penalty, and accuracy-related penalties. Strategies covered include First Time Abate, reasonable cause, statutory exceptions, and §6751(b), a relatively new penalty abatement strategy. The intersection of statutes of limitations and penalty abatement is also discussed.
Describe common penalties, when they are assessed, and the proper amount.
Explain when a taxpayer can use the First Time Abate procedure.
Understand what constitutes reasonable cause and how to effectively advocate when asserting reasonable cause.
Understand when §6751(b) is applicable to a penalty and how it provides penalty relief.
Explain how the refund statute of limitations can limit penalty abatement refunds or credits.
What You’ll Receive
Your webinar registration includes:
- Downloadable course materials and/or implementation tools as appropriate. These materials are available for download when you log into the webinar.
- The opportunity to listen to the optional question-and-answer session from the live webinar event.
IRS Program Number NMVBP-T-00125-19-S
Length: 100 minutes (2 CE/CPE) each plus optional question-and-answer session (no CE)
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Online Group/Internet-Based Webinar
Field of Study: Federal Tax (IRS)
Credit hours: 2 IRS
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. See below for more information regarding administrative policies, such as complaints or refunds, or contact Sherrill Trovato, EA, USTCP, President of Gregory & Associates, Inc., at 714.777.9359. There are no prerequisites or advanced preparation required for this webinar.
IRS Provider Number: NMVBP This webinar has been designed by Gregory & Associates, Inc. to meet the requirements of the IRS Return Preparer Office, including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230. This does not constitute an endorsement by the IRS RPO.
Webinar Policies, Refunds, Cancellations:
CE credits are available on the on-demand webinars only by receiving a passing score of 70% on the quiz that is available to you after completion of the on-demand webinar. The quiz must be completed within 3 months of the date the on-demand webinar is purchased to qualify for CE credit. Upon completion of the quiz, send an email to firstname.lastname@example.org with your name and PTIN if you wish to have IRS CE credit uploaded on your behalf and your PTIN doesn't appear on the certificate.
Compass Tax Educators provides high quality instruction and content. There are no refunds for the purchase of on-demand webinars, but if you experience technical difficulties while viewing a webinar, contact us to resolve the issue.
If you have any questions regarding our refund policy, or any other administrative policy, please contact Sherrill Trovato, EA, USTCP at 714.777.9359 or Geri Bowman, CPA, EA, USTCP at 330.628.0415.
EA CTC USTCP
About the instructor
INSTRUCTOR THOMAS A. GORCZYNSKI, EA, CTC, USTCP is the Senior Tax Consultant at Gorczynski & Associates, LLC in Phoenix, AZ. He is an enrolled agent, a Certified Tax Coach, a Fellow of the National Tax Practice Institute (NTPI), and was admitted to practice before the United States Tax Court in 2015. He earned a Master of Science in Taxation from Golden Gate University and a Certificate in Finance and Accounting from the Wharton School at the University of Pennsylvania. His firm specializes in tax preparation for small business owners and individuals with foreign income and asset reporting requirements, tax controversy representation, and advanced tax planning strategies. Tom is a nationally-known speaker on tax law and procedure and has spoken for the National Association of Enrolled Agents (NAEA), the California Society of Enrolled Agents Super Seminars, and other national, state, and local organizations. He also is a skilled technical writer on tax law and strategy and published in EA Journal.