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Penalty Standards for the Taxpayer and the Preparer

PENALTY STANDARDS FOR THE TAXPAYER AND THE PREPARER

Cost $12.50
Presentation Length 1.0 hour

Recorded DateDecember 23, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

When the IRS audits a taxpayer and determines that additional tax is due, the taxpayer may be subject to penalties in addition to the tax due. Further, the tax practitioner involved in preparing that tax return may also be subject to penalties. This course will cover the standards applicable to both the taxpayer and tax practitioner when the IRS determines whether to impose penalties.

The course will review the relevant standards, including reasonable basis, substantial authority, and how to make adequate disclosure.  Knowing and applying these standards will help the practitioner and taxpayer avoid IRS penalties.

Learning Objectives:


  • Identify penalty standards for the preparer

  • Identify penalty standards for the taxpayer

  • Identify how the IRS determines these penalties

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Michael Sardar has extensive experience in a wide range of tax controversy and white-collar criminal defense matters. Mr. Sardar represents clients in all stages of civil and criminal tax controversies before the Internal Revenue Service (IRS), state tax authorities, the Department of Justice, and local prosecutors.

About Our Presenter

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Kostelanetz, LLP enjoys an unparalleled national reputation for representing clients in sensitive and high-stakes negotiations and controversies with government agencies, including tax audits and trials, regulatory investigations, white-collar criminal defense, and complex litigation. Our attorneys are dedicated to providing the finest legal services in all phases of representation, from factual development, through an audit or investigation, to trial or negotiated resolution. We also have an active practice providing tax planning advice, estate planning, and representation in government procurement and government contracting.