The National Association of Tax Professionals

The National Association of Tax Professionals

Abatement & Avoidance of Penalties

  • Topic(s): Federal Tax Laws
  • Presenter(s): LG Brooks EA
  • Session#: 932-12
  • Session Length: 100 min
  • Program: 2012 National Conference
  • Date: Sep 7, 2012
Product Name Price
2012 WORKS Package - (Stream, Download, CDs and DVDs)
AudioPoint for Mobile (download)
Audio MP3 (download)

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Abatement & Avoidance of Penalties - Details:

Certain tax situations allow for the abatement of penalties when other conventional tax resolution options are not appropriate. Congress enacted tax penalty provisions to enforce compliance and encourage voluntary filing of tax returns and voluntary payment of tax. Tax practitioners should be aware that an action or inaction, any omission or commission, could potentially invoke both the assertion of a civil penalty and possible prosecution under criminal penalty provisions. We will concentrate on the origination, types and application of specifi c penalties imposed by the Internal Revenue Code and administered via the Internal Revenue Service. Also, learn strategies to abate and avoid penalties.