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.