CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

First Time Penalty Abatements (FTA) Made Easy

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC
First Time Penalty Abatements (FTA) Made Easy

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00426-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0427)

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

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00426-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00426-21-O)

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.

This online CPE webinar covers following key topics:

  • 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?

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

Testimonial

4.3

(330)
30%
67%
2%
0%
0%

JG

Good overview of the program. Nice to know these options are available.

CH

good

PC

Good course. Lot of valuable information.

DR

Great

TS

Great class to learn about First Time Penalty Abatement and the company's very cool tool.

JP

This class was very informative. I intend to look thru my client list immediately to determine which Clients might benefit from First time penalty abatement.