Event Description

It is a sickening feeling for a practitioner when they realize that a tax due date has been missed. Immediately, certain questions come to mind: Am I going to owe a penalty? Should I file late? And most importantly, is there anything I can do to remedy this situation? Through easy-to-follow examples and discussion, this course will explore the tax calendar and key due dates. We will examine what to do if a client misses a deadline and what potential relief may be available.

Objectives

Recognize Identify key tax due dates by entity type.

Recognize how late filing, late payment, and other common penalties are calculated.

Recall common information return due dates and applicable penalties.

State first time abatement relief qualifications and other common remedies.