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New Rules on First Time Penalty Abatement

NEW RULES ON FIRST TIME PENALTY ABATEMENT

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 29, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

On March 29, 2023, the IRS introduced new requirements for First Time Penalty Abatement (FTA waiver) requests. Join this webinar where we will explore these new requirements and help you understand and apply them in your practice. Additionally, we will discuss strategies for identifying potential clients who may benefit from FTA, providing you with opportunities to generate additional revenue streams. Join us as we delve into the intricacies of the updated FTA waiver requirements and discover how to leverage them for the benefit of your clients and practice.

Learning Objectives:


  • Recognize the new requirements for First Time Penalty Abatement (FTA waiver) requests as published by the IRS on March 29, 2023

  • Evaluate how to effectively apply these new requirements in your practice to assist clients in obtaining FTA waivers

  • Identify potential clients who may benefit from FTA waivers and practice strategies for generating additional revenue streams through these services

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Irina Bobrova is an Enrolled Agent, Certifying Acceptance Agent and NTPI Fellow and proud that her vast financial training and tax experience has given her the knowledge and tools necessary to analyze and understand multi-faceted tax problems and find targeted tax collection resolutions that work. In her tax resolution practice, Irina has helped hundreds of taxpayers to resolve their tax problems, and particularly excelled in preparing Offer in Compromise cases with successful outcomes. To strengthen her tax knowledge, Irina Bobrova earned her Master of Science in Taxation degree from Northeastern University, Boston MA, which has one of the best graduate tax programs in the country.

As Chief Operating Officer and Program Analyst for PitBullTax Software, the leading IRS Tax Resolution Software for CPAs, EAs and Tax Attorneys, she spent years researching IRS regulations and procedures on collection issues and advising tax professionals nationwide on how to prepare successful cases. She also puts her experience to use for the greater good as a regular volunteer at the Low Income Taxpayer Clinic of the Legal Aid Service of Broward County of Florida, helping disadvantaged and financially challenged Floridians for free. Irina’s teaching career includes numerous live webinars for tax professionals and live presentations at various tax conferences. She has taught CPE webinars and live programs for the audiences of ASTPS American Society of Tax Problem Solvers) and Broward Chapter of the FSEA (Florida Society of Enrolled Agents).

About Our Presenter

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PitBullTax Software is a revolutionary web-based software designed for CPAs, Tax & Bankruptcy Attorneys, Enrolled Agents, Tax Preparers and Accounting professionals involved in IRS Tax Resolution for their clients. The software has been developed by a dedicated team of professionals with over 100 years of combined successful IRS collection resolution and information technology applications experience. The knowledge obtained over the years has been embedded in the software´s DNA to provide the best possible resolution for each IRS collection case. We are celebrating our 8th year anniversary on the market and would like to help more tax professionals in the United States to build successful representation practices and help their clients resolve IRS problems efficiently. Our presenters are Enrolled Agent, Certifying Acceptance Agent, NTPI Fellow (National Tax Practice Institute) with MST degree (Master of Science in Taxation) and CPA, who taught CPE classes in the past.