Reasonable Cause in Current Times: Helping Clients with IRS Penalty Abatement - American Institute of CPAs
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IRS penalties are nothing new, but the proliferation of automated penalty assessments and the increasingly lengthy, and challenging, process of requesting and obtaining reasonable cause abatement has tried the patience of both taxpayers and practitioners in recent years. This panel will discuss the IRS's current penalty landscape, including a discussion of the most effective ways of obtaining reasonable cause relief for your clients. Hear from two experienced tax controversy practitioners who will share their tips and tricks of the trade!
Learning Objectives:
Identify the current penalty priorities of the IRS
Apply the process of penalty assessment and abatement