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DTSTAMP:20260918T080945Z
DTSTART:20261023T190000Z
DTEND:20261023T204000Z
SUMMARY: Monthly Tax Update with Ed Zollars: Internal Revenue Code Penalties\, Statutory Defenses\, and Administrative Relief (2 hours - afternoon) - NEW!
DESCRIPTION: This two-hour advanced CPE course provides experienced Certified Public Accountants (CPAs) with a rigorous\, technical analysis of civil tax penalty regimes under the Internal Revenue Code (IRC)\, Treasury Regulations\, IRS administrative relief mechanisms\, and judicial defenses. Tax professionals will explore the operational\, procedural\, and strategic implications of the IRS's landmark transition from the manual\, post-assessment First Time Abate (FTA) administrative waiver to the pre-assessment\, systemic Automatic Exemption from Penalty (AEP) program. The program delivers advanced insights into calculating delinquency penalties\, navigating concurrent failure-to-file and failure-to-pay assessments\, and applying statutory stacking reduction offsets. Participants will analyze accuracy-related penalties under Section 6662\, including entity-specific substantial understatement thresholds for individuals\, S corporations\, and C corporations. Finally\, practitioners will master affirmative defense strategies\, from evaluating positions against the return reporting confidence hierarchy to documenting reasonable cause defenses under landmark judicial doctrines like Boyle and Neonatology\, and asserting crucial procedural protections such as the written supervisory approval requirement under Section 6751(b)(1). \nOSCPA has partnered with the Idaho Society of CPAs for this event. \n  
CLASS:PUBLIC
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