Penalty Abatement
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Course Description
This course from December 17, 2024 provides an in-depth examination of IRS penalty abatement, focusing on reasonable cause, first-time abatement, and effective practitioner advocacy. Drawing from real-world practitioner experience and IRS administrative guidance, this program equips tax professionals with practical tools to reduce or eliminate penalties assessed against their clients.
Learning Objectives
- Identify the most common IRS penalties subject to abatement
- Explain the IRS reasonable cause standard and its application
- Evaluate when First-Time Abatement relief is available
- Distinguish acceptable and unacceptable reasonable cause arguments
- Apply documentation standards to support penalty abatement requests
- Determine appropriate procedural methods for requesting abatement
- Advise clients on compliance steps to prevent future penalties
About The Presenter:
Allan J. “A.J.” Reynolds, EA
A.J. is an enrolled agent (EA). He has immense experience in various areas in taxation, which encompasses over 30 years. His practice centers on Individual, Business, and Estate Tax preparation. In addition, A.J. specializes in IRS Audits, Appeals, Collections, Innocent Spouse, Independent Contractor vs. Employee Issues and Civil Tax Fraud Representations. A.J.’s clientele ranges from the average worker to fortune 500 executives. He brings his everyday “in the trenches” experience to the seminars to assist attendees with real issues facing tax professionals. A.J. has spoken for Basics + Beyond Income Tax Seminars, NTI Resort Conferences, NATP National Conference and Webinars, NAEA, and Center for Agriculture Law and Taxation of Iowa State University. A.J. started his tax career with a National CPA firm in San Diego, CA after proudly serving five years in the United States Navy. Outside his tax practice, A.J. is a member of the Diocese of Sioux City Priests’ Pension & Welfare Board and the Investment Advisory Board for the Diocese. When not working, A.J.’s time is spent in various activities with his wife and their two children.