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Taxpayer Penalties and Abatements (Video) (Course Id 2876)

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Author:

Allison McLeod, LL.M., CPA A PLLC

Course Length:

Pages: 3 ||| Review Questions: 6 ||| Final Exam Questions: 10

CPE Credits:

2.0

IRS Credits:

2

Price:

$29.95

Passing Score:

70%

Course Type:

Video - IRS Enrolled Agents
Taxpayer Penalties and Abatements (Video) - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Taxes

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This webinar recording explains how to identify, prevent, reduce, and request relief from IRS tax penalties and interest on behalf of clients.

  • Covers how to identify and prevent common IRS penalty and interest assessments before they occur.
  • Explains the First Time Abatement and Reasonable Cause abatement procedures used to request penalty relief.
  • Teaches practitioners how to help clients obtain refunds of penalties already paid when relief is appropriate.
  • Worth 2.0 CPE credits in Taxes as a self study video course, requiring a 10 question final exam preceded by 6 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

The Taxpayer Penalties and Abatements Video course explains the First Time Abatement requirements and procedures, along with how a taxpayer qualifies for Reasonable Cause abatement.

This course reviews penalty types including accuracy related, fraud, understatement of valuation, and failure to pay penalties.

This course is designed for CPAs, Enrolled Agents, attorneys, and tax professionals who help clients manage IRS penalty and interest assessments.

This course is a Technical, self study video course worth 2.0 CPE credits in Taxes, requiring a 10 question final exam preceded by 6 review questions (optional), with a 70% passing score within one year. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

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.

Who should attend: CPAs, Enrolled agents, Attorneys, Finance professionals, Financial planners, Tax Professionals

Course Content:

  • Various types of penalties:
    • Accuracy related
    • Fraud
    • Understatement of valuation
    • Reporting requirement
    • Failure to pay
    • Pay or deposit penalties
  • 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

Usage Rank:

20000

Release:

2026

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

04-Jun-2026

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Taxpayer Penalties and Abatements (Video) - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

By the end of this course, the participant should be able to: 

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

Course Contents:

Chapter 1 - Taxpayer Penalties and Abatements

Chapter 1 Review Questions

Key Terms

Click to go to: CPE Tax Courses | CPA Tax Courses Online | CPE Think
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