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<p>Are you familiar with the guidelines the IRS uses to compute penalties and interest? Course participants gain valuable computation tools, as well as strategies for penalty and interest reduction. This course will cover the following topics:</p>
<ul>
<li>Introduction to penalties and their purpose.</li>
<li>Dealing with Proposed Penalties.</li>
<li>Dealing with Assessed Penalties.</li>
<li>Penalties in detail.</li>
<li>Recomputing and Reducing penalties.</li>
</ul>
Prerequisites
Basic knowledge in interests and penalties.
Learning Objective
- Identify dealing with proposed penalties.
- Recognize dealing with assessed penalties.
- Discover penalties in detail.
- Explore recomputing and reducing penalties.
Last updated/reviewed: July 18, 2025
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Progress
INTRODUCTION AND OVERVIEW
- Introduction to Reducing IRS Assessments for Interest & Penalties 3:20
- Nature of IRS Penalties and Handling Insignificant Penalties 11:34
- Dealing with Proposed Penalties 10:38
- Dealing with Assessed Penalties 12:59
- Dealing with Assessed Penalties cont'd 15:46
- Taxpayer Should Know Tax Laws 14:36
- Penalties in Detail 12:12
- Recomputing and Reducing Penalties 13:40
- Recomputing and Reducing Penalties Cont'd 10:30
- Assessed Penalties and Interest 11:50
- Summary 0:54
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: IRS Representation Series - Reducing IRS Assessments for Interest & Penalties PDF
- IRS Representation Series - Reducing IRS Assessments for Interest & Penalties Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
IRS Representation Series - Reducing IRS Assessments for Interest & Penalties
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