The National Association of Tax Professionals

The National Association of Tax Professionals

Abatement & Avoidance of IRS Penalties

  • Topic(s): All Sessions, Audit
  • Presenter(s): LG Brooks EA
  • Session#: 933-10
  • Session Length: 100 min
  • Program: NATP National Conference 2013
  • Date: Jul 8, 2013
Product Name Price
2013 WORKS PACKAGE (ALL FORMATS | ALL ACCESS | INCLUDES DISCS)
$595.00
Audio MP3 (download)
$15.95

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Abatement & Avoidance of IRS Penalties - Details:

The IRS has established several "Penalty Campuses" to address various requests regarding the "abatement" of penalties." Tax penalty provisions were enacted under the law to provide a means to enforce compliance and to compel the voluntary filing of tax returns along with the voluntary payment of tax. Prior to 1955 the Internal Revenue Code consisted of approximately 14 penalties; in contrast to the current Internal Revenue Code (IRC) that contains approximately ten times as many penalty provisions. This session is designed to address "Civil and Criminal" penalty situations. 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 the criminal penalty provisions.