2024 MSCPA Annual Convention: Details

Trust Fund Recovery Penalty And Request For Refund

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Thursday, August 1, 2024 @ 8:00am 9:00am
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Description

You are likely familiar with the Trust Fund Recovery Penalty or TFRP, BUT - aside from appealing the proposed assessment, did you know that you can make a request to remove the TFRP by making an administrative request on Form 843 (Claim for Refund and Request for Abatement)? This program will provide an overview of the Trust Fund Recovery Penalty with an emphasis on evidence gathering and using Form 843 to prevail on the IRS as to why they should accept your request for refund, effectively undoing the TFRP. This will include what to request in a FOIA, what criteria need to be met for refund, analyzing the IRS' TFRP file, and reconciling requirements in the IRM. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Highlights

The major topics covered in this course include:

  • Learning about the Trust Fund Recovery Penalty (TFRP).
  • Understanding pre-843 requirements when making a request for refund.
  • Employing an effective strategy for removing the Trust Fund Recovery Penalty (TFRP) using IRS internal records.
  • Appealing a rejected Form 843.
  • Live case examples for making a request for refund using Form 843.

Objectives

After attending this presentation, you will be able to...

  • Request and review IRS records through FOIA.
  • Gather evidence to rebut the Trust Fund Recovery Penalty (TFRP).
  • Determine the applicable criteria when using Form 843 (Request for Refund) for removing the Trust Fund Recovery Penalty (TFRP).
  • Assemble Form 843 (Request for Refund).
  • Identify what to expect from the IRS as they respond to a Request for Refund.

Preparation

None

Credits

Category Amount
Taxation 1.00