Taxpayer defense institute
A National Association of Tax Professionals
In Defense of Taxpayers’ Rights
How to Cancel IRS Penalty and Interest Assessments
“Cut that Debt by a Third”
2 Credit Webinar
Wednesday October 23
1 pm- 3 pm ET
(start 12 pm CT/ 11 am MT/ 10 am PT)
Hosted By Pilla Tax Academy
Speaker Daniel J Pilla
How to Cancel Penalty and Interest Assessments
They barely can pay the tax…
but the penalties and interest
have put the tax debt out of reach.
What is penatly abatement?
More than one penalty?
CUT that Tax Debt by A THIRD!
2 credit webinar $189.00
HOW TO CANCEL PENALTY AND INTEREST ASSESSMENTS
IRS penalties and interests increase the bill every day if taxes are outstanding after the filing deadline. Taxpayers are liable for the additional penalties and interests on the entire outstanding amount even if they have qualified for a tax debt payment plan and have started to make payments. These penalties can add as much as an additional 25% to a taxpayer’s IRS bill. Also, the federal agency charges an additional penalty of 5 per cent on taxes that have not been filed.
Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce their tax debt or even entirely cancel penalties and interests they owe to the IRS. The trick is to convince the IRS that your client was unable to pay the taxes due to what the IRS tags a “reasonable cause.”
If a practitioner can justify that reasonable cause led to delay in tax payment, there are good chances that the IRS may forgive a portion or the entire penalty charged on the tax debt.
This 2-hour course covers:
• Various types of penalties
• Rules on waiver of penalties and interests
• Various forms and procedures for requesting relief
• First Time Abatement: Requirements and procedures
• How an individual taxpayer qualifies for a “reasonable cause” abatement
• Procedures for requesting refund of paid penalties
• Available administrative options
Penalty abatement can stop the tax debt from growing exponentially. When you take this webinar, you will have the confidence to know if your client qualifies for a penalty abatement or refund of paid penalties and whether penalty abatement the best route for your client .
Webinar time: 2 hours (100 minutes)
Course notes: 1 PDF (Emailed the day before the webinar)
Continuing Education: 2 Credit (requires submission of polling questions)
Missed the live webinar?
SELF STUDY COURSE AVAILABLE AFTER LIVE WEBINAR
$189 2 credit course
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What We Have So You’re Always on Top
We are an Approved Continuing Education Provider through the IRS with our conferences also approved by the Minnesota Board of Legal education. Our certificates of completion are accepted by organizations for Attorney’s, CPAs, and Enrolled Agents.
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Since 1993, Daniel J. Pilla has presented the nation’s leading conference for tax professionals in the tax resolution industry. To serve your clients in the best possible way, you need to know how to protect and defend your clients. That’s where the Taxpayers Defense Conference comes in.
Webinars: Unless you contact us otherwise, if you miss your webinar we will register you for the corresponding self study course and notify you when it is available.
Other options include transfering registration to another webinar, self study, or towards the annual Taxpayers Defense Conference. Contact us for assistance.
