Top Tips To Avoid Preparer Penalties
SKU: CE-06-044
Credit Hours: 3
Category: Federal Tax
Delivery Method: Online Video
Instructor: Arthur Reed, MBA, CPA, MST
Course Description:
Preparer Penalties have been on the rise and in a recent statistical release; the IRS has been abating nearly 40% of all the penalties assessed. In this course, you will be reviewing the various Preparer Penalties and learning the role the IRS agents play in determining whether you will be assessed a penalty. You will also review the abatement process and the necessary Form and documentation required to have the penalty abated.
This course will cover the following topics:
- Know if you are the preparer
- Penalty Overview
- Don't be lazy
- Remember you are running a business
- Document your steps
- Don't disclose taxpayer information
- Continually read about tax preparer penalties
- Review of 3 recent court cases
- Reviews TIGTA Report
- Know what the IRS is thinking
- Don't simply accept the penalty
- Don't take risky clients and Tip #10 Fire your risky clients