Trust Fund Recovery Penalty: Do You Know How to Navigate Appeals Collection When the Stakes are High? (Part 2)
Target Audience: CPAs, EAs, RTRPs
Field of Study: Taxation (NASBA); Federal Tax (IRS)
Seminar Level: Beginner
IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN Atlanta, georgia, ON JULY 10, 2012, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Appeals organizations delivered this seminar at the IRS Nationwide Tax Forum in July 2012.
Follow a Trust Fund Recovery Penalty liability case after a liability determination. As presenters role-play, you will follow this case study through the collection process and a Collection Due Process proceeding. This case study will also discuss the role of installment agreements, ex parte considerations, hazards of litigation, disclosure, submission of new evidence, claims for refund and other Appeals options.
By the end of this presentation you will:
- Learn the definitions of “Trust Fund Recovery Penalty” and “trust fund taxes”
- Be familiar with the options available if your client is issued a CDP notice
- Have a better understanding of the Appeals collection process after hearing Trust Fund Recovery Penalty liability case scenarios
- Hear about claim procedures and filing Form 843, Claim for Refund and Request for Abatement
No prerequisites or advanced preparation are required for this seminar.