We often hear a lot about penalty relief, but how does this apply to the IRS and your clients’ tax returns? This course will reveal the most effective causes, preventions, and reductions of IRS penalties for taxpayers. We’ll be talking about Correction of Service Error, Statutory and Regulatory Exceptions, Administrative Waiver, and Reasonable Cause. This includes covering First Time Penalty Relief along with an inside secret, otherwise known as the Full Payment Rule. There will be a lot of information about how these are worked, how they should be presented, and which criteria should be applied.

Learning Objectives:

• Define the foundational principles behind penalty relief applicable to the IRS


• Identify the practical application of penalty relief within the IRS framework


• Recognize strategies for implementing an efficient penalty relief approach


• Determine an exclusive insider strategy for maximizing penalty relief effectiveness

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222