If there is a potential error, the IRS will assess a tax and add a hefty penalty, without even knowing the facts. As a tax professional, you will be exposed to the IRS and their methods of penalizing taxpayers for the smallest of violations. This presentation will focus on the rules and regulations that create the penalty, and the reasons that exist that the IRS will consider to remove those penalties. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify the skill set needed for an engagement with family law attorneys
- Implement a marketing plan for your forensic accounting services
- Evaluate the types of source documents needed for a financial investigation
- Trace assets and income commonly found in divorce proceeding
- Recognize red flags in a financial investigation
- Conduct basic calculations of marital assets
- Prepare a report of your findings for court proceedings
Major Topics
The major topics covered in this course include:
- The authority of the IRS in assessing tax penalties.
- The types of penalties that can be removed.
- The process the IRS uses to evaluate penalty abatements.
- How to request penalty abatements.
- Best practices in asking for penalty abatement, including using appeals.
