Penalty Pitfalls: Avoiding Costly IRS Consequences

In this episode, Joel Crouch and Matthew Roberts delve into the ever-expanding world of IRS penalties and how to defend yourself against them. They walk through the categories, thresholds, and abatement options taxpayers need to understand, while also exploring why cases such as Boyle and Huang matter, especially for those relying on software or professionals. If you're trying to understand and minimize your possibilities of penalties, this conversation is packed with insights into strategies, statutes of limitation, and how to defend yourself if the IRS comes calling.