Statutes of Limitations
Assessment, refund, and collection statutes as well as FBAR penalty and trust fund recovery penalty -Recorded 1/30/18
The Internal Revenue Code imposes time limits on both the IRS and taxpayers to take certain tax-related actions. This course reviews the three main statutes of limitations in-depth -- assessment, collection, and refund -- along with the statutes of limitations related to specialized issues, such as the assessment of FBAR penalties and the trust fund recovery penalty.
The learning objectives for this webinar include:
Explain the fundamental provisions for each statute of limitations.
Identify events that toll or extend each statute of limitations.
Compute the relevant statute of limitations end date.
Apply the statute of limitations rules to scenarios frequently encountered in practice.
Education Information
IRS Program Number: NMVBP-T-00095-18-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self-Study
Field of Study: Federal Tax (IRS);
Credit hours: 2 IRS
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.