Course Details

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ADDITIONAL DATES

Dec 17, 2020 | 12:30 PM EST Register

Course Description

Save your clients money on IRS penalties! There are many types of penalties the IRS can impose on taxpayers: failure-to-file, failure-to-pay, failure-to-deposit, estimated tax and accuracy-related are some of the most common ones. But the full list includes many more. Join us as we sift through IRS penalty types and explore ways for you to provide excellent representation for your clients with IRS penalty issues. We'll guide you through what to expect during the IRS penalty process and reveal specific how-to methods using relevant court cases and Internal Revenue Manual (IRM) guidelines.

The IRS issues over 220 million notices each year to taxpayers. The IRS also asserts millions of dollars of penalties against taxpayers daily. Many of those penalties are abated due to quality representation.If a tax client receives an IRS notice, they expect their tax professional to be able to work effectively with the IRS to identify and resolve their issue. Penalties from the IRS come in all shapes and sizes. There are over a thousand different types of IRS notices – but fortunately, most taxpayers receive many of the same type of notices that require action. 

This webinar will identify the most common, actionable IRS notices and the solutions available to resolve the tax problems related to the notice. In this webinar participants will learn about the most common penalties that can be assessed against a taxpayer as well as how to abate them, including First-Time Abatement, Reasonable Cause, and Form 843: Claim for Refund and Request for Abatement. This webinar will explain the many types of notices issued by the IRS , including how to appropriately respond to each, how to properly request abatement of penalties charged, current IRS responses to abatement requests and focus on how to reduce or remove these penalties.

Highlights of the Webinar : 

  • Different types of IRS Penalties
  • "First Time Abatement (FTA)"
  • What is Reasonable Cause?
  • How to Write a Reasonable Cause Letter
  • Know the process of penalty Abatement

This webinar will help to the tax practitioners at all levels regardless of tax practice and Business Owners.


Webinar Qualifies for

  • 1 CPE credit of Taxes for all CPAs
  • 1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )
  • 1 CE credit of Federal Tax for Maryland Tax Preparers
  • 1 CE credit of Federal Tax for Oregon Tax Preparers
  • 1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)
  • 1 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To identify the differences between the various kinds of penalties
  • To recall how the First-Time Abatement of Penalties works, what it means for the taxpayer, and which penalties it covers
  • To identify what Reasonable Cause is and the required criteria to argue for it
  • To recognize the step-by-step process for writing a Reasonable Cause letter to the IRS on behalf of your client

About Presenter

Venar Ayar, JD

Principal, Ayar Law

Venar@ayarlaw.com

Venar Ayar is the principal and founder of Ayar Law and focuses his legal practice on IRS and Michigan tax resolution for both businesses and individuals. He has personally handled a multitude of cases including defending tax audits, negotiating favorable settlements for back taxes, setting up tax payment plans, arranging release of tax liens and levies, defending criminal tax fraud cases and advising those with foreign bank accounts who have not complied with reporting requirements. He represents clients with multi-million dollar assets at stake as well as those with only thousands in assets.

Born and raised in metro Detroit, Michigan, Venar returned to open a tax problem resolution practice when he saw the alarming number of taxpayers struggling due to the downturn in the local economy. He saw there were few qualified and ethical Michigan tax resolution lawyers, but an abundance of scam artists who were taking advantage of taxpayers who needed help.

Prior to opening his Michigan practice, Venar was a tax attorney at RJS Law, southern California’s largest tax law firm. Before working there, Venar worked for several years in metro Detroit as a busy and successful solo tax law practitioner.

In addition to years of experience practicing as a Michigan tax attorney, Venar has owned or operated several small businesses, including an accounting and tax preparation business, supermarkets and a hotel. His business background gives him a solid understanding of the challenges facing small businesses today.

Venar is an award-winning tax attorney ranked as a Top Lawyer in the field of Tax Law. Mr. Ayar has a Master of Laws in Taxation – the highest degree available in tax, held by only a small number of the country’s attorneys. Venar Ayar and his firm are truly competent and ethical Tax Lawyers who will vigorously defend taxpayer rights. We know how to…

  • Protect your bank accounts and property
  • Stop the IRS from harassing you
  • Negotiate settlements for a fraction of the amount

Tax Law is all we do, and we know how things actually work at the IRS. We can favorably resolve your Federal or State, personal or business tax problems – anything from unfiled tax returns to foreign bank account issues.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(440)
68%
27%
3%
1%
0%
  • JN
    James Noles , EA
    Jul 13th 2020
    Excellent webinar. Good to always refresh oneself of the IRS tax preparer penalties. Can easily forget how to protect yourself and your client.
RN
RANDI NUNLEY
Great session. Very highly knowledgeable instructor. I highly recommend it. No improvement needed for the program.
RW
Roberta Wajrowski , CPA
Fantastic webinar! The session met my expectations for attending. I did learn a lot from this presentation. A big thank you to Venar for sharing his knowledge, expertise, and time.
MG
Mario Guglielmi , EA
MyCPE series is a terrific program in content and professional delivery.
MM
Martin Moore-Santander , EA
As an accountant is a great way and tool to be update with all changes to the tax code and procedure
NC
Norman Chang , CPA
The webinar covered very important information on penalties that is complicated but was made clear by this presenter.

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) 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, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

Beyond the Numbers: Understanding the Important Gift, Estate, and Income Tax Elections
Monday, November 30, 2020 | 09:30 AM EST View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Employment law landmines from recruiting to termination
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
QBO Running reports - Information, Analysis & Better Decision
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Corporate External Financial Reporting Decisions
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
TAX PRACTITIONERS ETHICS (LATEST 2020)
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
Year-End Payroll Updates (Latest)
Monday, November 30, 2020 | 01:00 PM EST View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00189-20-O
  • CTEC Course ID 6273-CE-0200
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA Tax Accountant (Industry) Tax Director (Industry) Senior Accountant Accounts Director Entrepreneurial Accountant Tax Managers Accounting Managers Tax Preparer Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

Beyond the Numbers: Understanding the Important Gift, Estate, and Income Tax Elections
Monday, November 30, 2020 | 09:30 AM EST View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Employment law landmines from recruiting to termination
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
QBO Running reports - Information, Analysis & Better Decision
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Corporate External Financial Reporting Decisions
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
TAX PRACTITIONERS ETHICS (LATEST 2020)
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
Year-End Payroll Updates (Latest)
Monday, November 30, 2020 | 01:00 PM EST View Details/Register