First Time Penalty Abatements (FTA) Made Easy

Roger Nemeth, ENROLLED_AGENT,_NTPI_FELLOW

Tax Mentor

Tuesday, March 16, 2021 | 03:00 PM EST

  • AFSP
  • CPA
  • EA
  • ORTP
  • CTEC

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

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

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Course Description

The first-time penalty abatement (FTA) waiver is an administrative waiver that the IRS may grant to relieve taxpayers from failure-to-file, failure-to-pay and failure-to-deposit penalties if certain criteria are met. The policy behind this procedure is to reward taxpayers for having a clean compliance history; everyone is entitled to one mistake.

Key topics: 

This comprehensive CPE/ CE webinar reviews: 

  • The  Internal Revenue Code (IRC)  & Internal Revenue  Manual (IRM) authority for approval of First Time Abatement
  • Additional guidance issued by the Internal Revenue Service
  • How to request FTA, illustrating the process with scripts and examples. 

Who should attend: 

Tax Professionals who prepare tax returns and represent their clients on IRS examinations

Learning Objectives

  • To identify how the IRS First Time Penalty Abatement (FTA) Policy is currently being applied to taxpayers
  • To identify taxpayers that qualify for FTA
  • To identify how the IRS is applying the rules to taxpayer.
  • To identify the best practices to advocate for FTA for your clients.

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals