On-Demand Webinar:

Failure to What?

IRS Penalties, the Effects on You and Your Client, and How to Avoid Them.

Why Watch:

Jason Peckham, Vice President of Resolutions, will answer some questions frequently asked by lenders in this installment of his quarterly webinar series. Penalties are not only costly and expensive, but can prevent acceptance of proposed agreements with the IRS or result in termination of existing agreements. In the absence of an installment agreement to resolve an IRS liability, lenders’ collateral is at risk and the funding relationship is threatened.

Jason will review the general rules associated with IRS penalties, how they can be abated (removed), and, most importantly, how they can be avoided in the first place. An abatement of penalties can save your clients money, which they will appreciate. However, avoiding penalties is even more effective as it is key to saving money, securing a resolution, and preserving the funding relationship.

What You Will Learn:

Jason will review why the IRS assesses penalties, the rules for assessing penalties, and the effect of the penalties on your clients as well as your collateral:

  • Common penalties and how they are assessed,
  • Under what circumstances the IRS will abate penalties, and
  • How installment agreements and penalty abatements with the IRS can save your clients a tremendous amount of money over time.

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Jason Peckham

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Jason Peckham

As Vice President of Resolutions for Tax Guard, Jason is responsible for the tax resolution division of the company with an emphasis on preserving the funding relationships between commercial lenders and borrowers.