Penalties: The bane of every tax debt case.
Looking beyond the customary First Time Abatement (FTA), this 2-hour webinar will take a deep dive into reasonable cause criteria that can help you get massive amounts of penalties removed on behalf of your clients.
We will cover all reasonable cause criteria under the IRM, plus take a special exploration of meeting “undue economic hardship” criteria while also establishing the exercise of “ordinary business care and prudence”. Yes, it’s possible, and on this webinar you’ll learn how!
In addition, all attendees will receive a copy of Jassen’s penalty abatement letter template during the live presentation. I normally charge $97 just for a copy of this letter. This template took hundreds of hours to develop, and has directly resulted in the removal of millions of dollars in IRS penalties by myself and other practitioners. We will go through this proven template letter for demonstrating economic hardship, discussing the basis in IRC and case precedent for the positions taken.
Lastly, we’ll discuss how to gather information from your client for the application, and how to turn that information into a compelling argument for penalty abatement.
- Understand the reasonable cause criteria for penalty abatement.
- Definse the various reasonable cause criteria.
- Apply undue economic hardship criteria to specific unique penalty cases.
- Cite case law relevant to penalty abatement.
Continuing Education Information
Prerequisite: Attendees should possess understanding of First Time Abate (FTA) procedures. Knowledge of the various types of IRS penalties will also be helpful. If you are not yet familiar with IRS FTA procedures, you are highly encouraged to read IRM Section 126.96.36.199.3.2.1, First Time Abate, prior to the webinar, as this subject will NOT be covered during our class. CTR-151 meets this prerequisite.
CPA CPE Hours: 2.0 in the Taxes subject area
EA/AFSP CE Hours: 2.0 in the Federal Tax Law subject area
IRS Program Number: 4Y1UP-T-00067-19-O
NASBA Registry ID: 140945
Texas State Board of Public Accountancy CPE Sponsor ID 010474
About the Instructor
Jassen Bowman, EA, CTR spent eight years exclusively representing tax debtors as an Enrolled Agent. He has presented over 500 live seminars and webinars to CPAs, EAs, and attorneys on the subjects of IRS Collections representation, practice management, and growing a tax firm. He is the author of several books, including Tax Resolution Secrets for consumers and Tax Resolution Systems, a checklist manual for practitioners.
To learn more about our complete tax resolution training program, visit https://TaxResolutionAcademy.com/ctr.