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Live Webcast Replay

IRS Penalties and Abatements


Total Credits: 2.2 including 2.2 Taxes - Technical

Average Rating:
   112
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  Tax |  IRS Approved
Faculty:
Allison M. McLeod, LL.M., CPA
Course Levels:
Basic
Duration:
2.2 Hours
License:
Product Setting: Expires 90 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce penalties and interest they owe to the IRS if the taxpayer can prove “reasonable cause.”

This informative and insightful webinar will provide you with some insider tips, practical steps and effective strategies to help your client manage IRS tax penalties and interest. Learn about various types of penalties that you may face and the various forms and procedures used for requesting penalty and interest abatement, including First Time and Reasonable Cause abatement. Plus, learn about the procedure to follow when requesting refund of paid penalties.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
 

Basic Course Information

Learning Objectives
  • Understand situations where penalties can be imposed.
  • Be able to utilize techniques for preventing or reducing any penalty assessments.
  • Ascertain when the First Time Abatement can be used.
  • Obtain a working knowledge of the procedure governing the request for refund.

Major Subjects
  • Rules on waiver of penalties and interests
  • Various forms and procedures for requesting relief
  • First Time Abatement: Requirements and procedures
  • How an individual taxpayer qualifies for Reasonable Cause abatement
  • Procedures for requesting refund of paid penalties
  • Available administrative options

Course Materials

Faculty

Allison M. McLeod, LL.M., CPA's Profile

Allison M. McLeod, LL.M., CPA Related Seminars and Products


Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas.   She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England. 

Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.

Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation and Corporate Income Tax.   She also lectures in Financial Accounting and Individual Taxation on an undergraduate level.  She has taught at the UNT College of Law as adjunct faculty and works part-time at the law firm of Grable Martin Fulton, PLLC.   Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation.  She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses.  Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty.  She is currently serving on the Professional Ethics Committee of the Texas Society of CPAs.

Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.  


Dates

Fri, Jan 10, 2025 - 12:00pm to 02:00pm CST
Sat, Jan 25, 2025 - 02:00pm to 04:00pm CST
Tue, Feb 04, 2025 - 03:00pm to 05:00pm CST
Sat, Feb 15, 2025 - 04:00pm to 06:00pm CST
Thu, Mar 13, 2025 - 08:00am to 10:00am CDT
Sat, Mar 15, 2025 - 11:00am to 01:00pm CDT
Wed, Mar 26, 2025 - 10:00am to 12:00pm CDT
Mon, Apr 07, 2025 - 12:00pm to 02:00pm CDT
Thu, Apr 24, 2025 - 06:00pm to 08:00pm CDT
Mon, May 05, 2025 - 03:00pm to 05:00pm CDT
Wed, May 21, 2025 - 04:00pm to 06:00pm CDT

Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

CPAs, Enrolled agents, Attorneys, Finance professionals, Financial planners, Tax Professionals


Original Recording Date

06/2022


Course Developer

Allison M. McLeod


Date Added to Catalog

05/17/2022


Yellow Book

No


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 112

Comments

Hannah B

"I enjoy Allison as a presenter!"

Raymond B - Plymouth Meeting, Pennsylvania

"Ms. Mc Leod did a really nice job laying out the course material and the detailed discussion of each area within the given topic."

Lindsey F - Ennis, Texas

"Love Allison!"

Cathryn C

"Allison is an excellent speaker and knows her material!"