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Webcast

IRS Penalty Abatement: Reasonable Cause & Removal of Penalties

Get guidance on the IRS Penalty Abatement Program by successfully implementing First Time Abatement, appeal letters, and Form 843.

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CPE Credits

1 Credits: Taxes
Course Level
Basic
Format
Webcast

Course Description

Before this course, the concept of navigating IRS penalties and the Reasonable Cause criteria may seem overwhelming to many tax professionals. This course acts as a bridge, providing clear and concise guidance on the IRS Penalty Abatement Program. It delves into the utilization of the Internal Revenue Manual, IRC, Regulations, and case law to support clients’ reasonable cause arguments. The course offers a thorough understanding of the First Time Abatement Program, teaching attendees when and how to leverage it effectively. It also updates on Revenue Procedure 84-35 in the context of the new Partnership Audit Regime. Participants will learn to analyze reasonable cause issues, craft effective abatement and appeal letters, and correctly use Form 843. After completing this course, professionals will be well-prepared to assist their clients in reducing IRS penalties, turning a challenging situation into a manageable one with informed strategies and solutions.

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Describe the glossary of terms to Know
  • Explain and depict Reasonable Cause Assistant {RCA}
  • Interpret First Time Abatement {FTA} Program and distinguish when to use and when not to
  • Explain Revenue Procedure 84-35 and will offer an update if still available since the new Partnership Audit Regime
  • Analyze, Discuss and translate Reasonable Cause issues for penalty abatement
  • Illustrate and present Abatement and or Appeal Letter Formats
  • Educate and discuss Form 843 and when to use
  • Enlighten on the procedure for filing and usage on Form 8275
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Course Specifics

Course ID
WC1822295284
Revision Date
August 14, 2024
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02545-24-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1794
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

A.J. Reynolds, EA
A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …

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