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IRS Penalties, Abatements, and Reasonable Cause

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • ORTP
  • CRTP

Published: October, 2020

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Why Does IRS Impose Penalties?
    2 mins
  • Learning About First Time Abatement.
    14 mins
  • What does IRS look at?
    20 mins
  • How to write a Reasonable Cause Letter?
    27 mins
  • What is the penalty abatement process?
    40 mins

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.

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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00189-20-S)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00189-20-S)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0200)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)

Presenter

About Presenter

Venar Ayar, JD

Principal Ayar Law

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.

About Company

Ayar Law

ayarlaw.com/

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

FAQs content

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Ratings and Review

4.4

114 Ratings

Excellent

64

Very Good

32

Average

16

Poor

1

Terrible

1

AF

Alan Fogel, EA

Dec 23rd, 2021

Quick and easy explanation of penalties. Well done.

JB

Judith Burwell, EA, Tax Pros

Sep 1st, 2021

Great Information

VP

Valorie Paugh, EA

Dec 31st, 2020

This was a great seminar - enjoyed it!

CC

Charles Chalfant, CPA (US)

Dec 28th, 2020

This was an excellent course. The discussion and examples presented were very beneficial.

WD

William Deloach, EA

Dec 5th, 2020

enjoyed