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National Tax Conference 2018

NTA1832 - Penalty Games: Reducing IRS Penalties

Nov 13, 2018 2:30pm ‐ Nov 13, 2018 3:20pm

Standard: $49.00


Each day the Internal Revenue Service asserts millions of dollars in tax penalties against taxpayers. Many of those penalties are subsequently abated because of quality representation by experienced practitioners. This session will cover the basics of supporting reduction of IRS tax penalties. You will learn about:

Reasonable Cause
Ordinary Business Care and Prudence
Internal Revenue Service Preferred Reasons for Abatement of Penalties
A practical approach to seeking abatement of penalties

  • After this session, you should be able to substantially reduce many tax penalties asserted by the Internal Revenue Service against your clients. Additionally, you will:
    • identify IRS rules for reasonable cause abatement of penalties
    • be able to identify first time abatement situations


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