Central: IRS Penalty Abatement and Tax Return Identity Theft

IRS Penalty Abatement: Navigating IRS penalties and interest can be challenging, but tax professionals have tools at their disposal to help clients minimize financial burdens. This comprehensive course equips you with    essential techniques to request penalty and interest abatements, ensuring your clients receive the relief they    deserve. Discover the different types of penalties taxpayers may encounter and the structured procedures for seeking reductions – whether through First Tax Abatement or Reasonable Cause claims. Gain practical insights, expert tips, and proven strategies to successfully manage penalty assessments and even pursue refunds for paid penalties.

Tax Return Identity Theft: This course provides foundational knowledge of tax refund identity fraud, equipping participants with the insights needed to recognize, report, and mitigate its impact. Attendees will explore how criminals perpetrate tax related identity theft, the role of accounting and tax firms when their clients are affected, and the appropriate steps for reporting fraud to authorities. Additionally, the course covers essential strategies for assisting victims in filing insurance claims related to fraudulent tax refund activity.