IRS Penalty Abatement

This webinar is an introduction to IRS penalty relief. Taxpayers who miss tax deadlines or payments can incur penalties. For compliant taxpayers, administrative relief can be found through first-time penalty abatement. There is also leniency for taxpayers who have experienced a life circumstance known as reasonable cause. We'll look at both the first-time penalty and reasonable cause penalty abatement. We will look at using these forms of penalty abatement for civil penalties, accuracy-related penalties, and failure to file penalties.

During the time together, participants will learn the following things:

• To be able to define IRS penalty abatement. 

• The qualifications for IRS first-time penalty abatement. 

• How to request first-time penalty abatement.

• The qualifications for IRS reasonable cause abatement.