Tax Penalties Calculation and Avoidance
Webinar Details$219
- Webinar Length: 100 Minutes
- Guest Speaker: Chuck Borek
- Industry: Taxation and Accounting
Penalties imposed with regard to federal income taxes are common and varied. Unfortunately, they are sometimes miscalculated, incorrectly imposed, or not properly abated. This course will cover the basic penalties enforced by the IRS, including automatically assessed penalties, those imposed for negligence and fraud, the trust fund recovery penalty, and preparer penalties. Learn how to address these penalties in an efficient and effective manner through this two-credit webinar.
- Overview of Penalty Types
- Delinquency Penalties
- Failure to File or Pay
- Estimated Tax Payment Penalties
- Failure to Deposit Employment taxes
- Information Return Penalties
- Trust Fund Recovery Penalty
- Accuracy Related Penalties
- Background and Definitions
- Negligence
- Substantial Understatement
- Disclosure
- Valuation Misstatements
- Fraud Penalty
- Reportable Transactions and tax Shelter Penalties
- Preparer Penalties
- Reasonable Cause and Review of Penalty Assessments
Guest Speaker
Chuck Borek
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law. He ha... View Full Profile