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New IRS Automatic Penalty Relief: Eligibility And Delinquent FBAR Compliance

  • 01:00 PM ET | 12:00 PM CT | 10:00 AM PT | Duration: 120 Minutes | Live
  • Credit: IRS Credits: 2 | NASBA Credits: 2| Product Code: WEB00572
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Webinar Instruction will be emailed on your registered email address 3 days prior to webinar | Web Download / e-Transcript will be shared in 7 working days from the date of webinar

The IRS recently established a new automatic process for penalty relief under which eligible taxpayers can receive relief from certain penalties without submitting a separate request. The new Automatic Exemption from Penalty (AEP) process replaces the traditional First-Time Abate (FTA) procedure for eligible returns as the IRS transitions to the new system. This course provides a practical guide to understanding the new automatic penalty relief process, evaluating taxpayer eligibility, addressing IRS processing issues, and navigating delinquent FBAR compliance.

Participants will examine how automatic penalty relief works, which taxpayers and penalties may qualify, and how the new process affects the traditional approach to requesting penalty relief. The course will also address situations where relief is not automatically applied and provide practical guidance for identifying and responding to IRS processing issues.

In addition, the course will cover delinquent FBAR compliance, including filing considerations for taxpayers with previously unreported foreign financial accounts, potential penalty exposure, and steps tax professionals should consider when bringing clients into compliance. Practical examples and case studies will help professionals apply these rules to common taxpayer situations.

Learning Objectives:

  • Understand the eligibility requirements for the IRS Automatic Exemption from Penalty (AEP) process.
  • Identify the penalties covered under the AEP process.
  • Explain the compliance standards taxpayers must meet to qualify for automatic penalty relief.
  • Differentiate between the AEP and First-Time Abate (FTA) procedures.
  • Determine when taxpayers may need to pursue penalty relief outside the AEP process.
  • Evaluate IRS processing issues when eligible penalty relief is not properly applied.
  • Explain key considerations for delinquent FBAR filings and foreign financial account compliance.
  • Assess potential penalty exposure for taxpayers with delinquent FBAR obligations.
  • Apply practical strategies to common penalty relief and delinquent FBAR scenarios.

Session Highlights:

  • New Automatic Penalty Relief Process
  • AEP Eligibility Requirements and Covered Penalties
  • Compliance Standards for Automatic Relief
  • AEP Versus First-Time Abate
  • Penalty Relief Outside the AEP Process
  • IRS Processing Issues and How to Respond
  • Delinquent FBAR Filing and Compliance
  • Foreign Financial Account Reporting Requirements
  • Penalty Exposure and Relief Considerations
  • Practical Taxpayer Scenarios and Case Studies

Credits and Other information

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

Who should attend?

  • CPAs
  • EAs
  • Tax return preparers
  • Accountants
  • Tax professionals

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Speaker Profile:

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.

Credits and Other information

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference
IRS Credits
NASBA Credits
1. Are your providing Online Continuing Education Credits?

We are approved to provide CPE/CE credits to Tax Professionals

  • IRS
  • NASBA
2. When are the continuing education credits reported to the IRS, HRCI, NASBA and other regulatory bodies ?

We reports the educational credits to the respective licensing/regulatory bodies in 5 business days.

3. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pro2learn.com or contact our support team through live chat support. Our support line is 1-937-865-8027.Our support team is available Monday to Friday from 09:00 AM – 06:00 PM EST/EDT
4. How can I view /access the courses that I have registered for?

When you register for any of our webinars/product, you receive will the instruction 24 hours prior to the conference. Also, the instructions are avilable in your account under ‘My Webinars’ section.

5. How can I cancel my registration?

You can cancel your registration to by email at support@pro2learn.com.  If you cancel your registration for the paid webinar, the amount shall be credited back in your payment method within 7 business days.

6. How can I download the learning materials/Handouts available for the webinars/Seminar?

The conference materials are available 4 hours prior to the webinar. You can download it from the webinar page or by logging to your account.

7. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM, WebX and, Goto for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth
8. What are CPE Package Courses?

Our package courses are the bundles of various continuing education courses which have been specially designed to meet your continuing education requirements for a particular Qualification.

9. What is web download and transcript?
  • The web download is the recording of the webinar. You will receive a link to download and save the webinar on your computer and watch it anytime and multiple times.
  • The transcript is the detailed written material presented during the webinar.
10. What is an On demand session?

On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

11. How do I access a previously purchased webinar, self-study course, Web Download, or package?

To access a course that you have already purchased, all you must have to create/log in to your account. Click on the "Log In" button in the top right of the screen. Once you are logged in, you will have immediate access to all your purchased CPE courses, packages and other self-service or you can write on support@pro2learn.com.

12. I took a webinar, where is my certificate?

We will email your certificate within 3 working days of the end of the webinar, or you can login your account at www.pro2learn.com. If you don’t receive the email within 3 working days of the end of the webinar, check your spam/junk folder. If it’s not there, we recommend that you send us an email at support@pro2learn.com or connect over the online chatroom.

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