Internal Revenue Manual Summary of Part 20 Section 20.1(Audio Format)

Course Description:

In this course I will introduce you to Part 20, Section 20.1 of the Internal Revenue Manual.  IRM 20.1, Penalty Handbook, is the primary source of authority for the administration of penalties by the IRS. This IRM section discusses the purpose of penalties and provides the legal authorities, criteria for relief, and other general information about penalties. 

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Familiarize you with a better understanding of various penalties that the IRS imposes
• Familiarize you with some of the Treasury Regulations, IRC, and IRM sections
• Be aware of the guidelines used by the IRS when determining penalties
• Define various definitions