L3.02.22 Trust Fund Recovery Penalty Process

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Description

Trust Fund Recovery Penalty Process
IRS Program #: X9QQU-T-00853-22-O/S
CE: 2 IRS credits
Speaker: Clarice Landreth, EA

This session will cover the concepts and issues related to the components, investigation, and assessment of the Trust Fund Recovery Penalty (TFRP) by the IRS. Who will be found responsible and willful will be discussed.

Learning Objectives:

Determine the period of time the IRS has to assess the TFRP.
Identify the main components of the TFRP calculation.
Explain which parties may be liable for the TFRP based on responsibility and willfulness.

Contributors

Clarice Landreth, EA

Clarice Landreth is an enrolled agent who works at Omni Tax Solutions in Broomfield, CO. She has over 20 years of experience representing taxpayers before the IRS. She is currently the chair of the NAEA NTPI Planning Committee and a current speaker at NAEA’s events and for the NTPI program. She is an expert in tax resolution including Offers in Compromise and Trust Fund Recovery Penalty.