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2021 AICPA & CIMA National Tax & Sophisticated Tax Conferences with Private Foundation Summit

NTA2106 - Avoiding and Defending Against Penalties - Part 2

Nov 15, 2021 11:00am ‐ Nov 15, 2021 11:50am


Building on the prior session, this panel will discuss the various voluntary disclosure programs available to taxpayers who wish to remedy prior omissions while minimizing penalty exposure.  The panelists will also review accuracy-related penalties, preparer penalties and other "miscellaneous" penalties such as those imposed for erroneous refund claims.  Lastly, the session will cover best practices for documenting facts and tax positions to put you and your clients in the best position to defend against potential penalties.  

Learning Objectives:
  • Identify the voluntary disclosure programs that may be used to avoid penalties
  • Describe other common (and less common) penalties assessed by the IRS
  • Understand how contemporaneous documentation can help tax practitioners and clients defend against penalties


Tags: National Tax
Category: Concurrent Session (Onsite and Online)

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