On Demand Audio

The Nuts and Bolts of Tax Penalties: Analyzing Types of Penalties, Potential Defenses, and Procedures for Challenging Them

(116 reviews)

Produced on December 07, 2020

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Course Information

Time 1h 1m
Difficulty Beginner
Topics covered in this course: Tax

Course Description

This program, presented by Megan Brackney of Kostelanetz & Fink, will discuss tax penalties assessed against taxpayers, defenses to penalties, and the procedures for challenging penalties. The course will discuss common penalties, such as failure to file and failure to pay, accuracy, and fraud penalties, as well as other penalties that the IRS is using more frequently as part of enforcement initiatives, such as trust fund recovery penalties and penalties for failure to report foreign assets. 

Learning Objectives:

  1. Gain an understanding of several types of tax penalties that apply to taxpayers

  2. Identify the potential defenses to penalties, including the meaning of “reasonable causes”

  3. Review the procedures for challenging penalties

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Megan L. Brackney

Kostelanetz & Fink

Megan L. Brackney is a partner at Kostelanetz & Fink, LLP in New York City.  Ms. Brackney’s practice is primarily focused on tax controversy, including civil and criminal issues on both the federal and state and local levels.  Ms. Brackney represents clients in audits and investigations, as well as litigation in the Tax Court and state and federal courts. Ms. Brackney received her J.D. from the University of Kansas School of Law and her LL.M. in Taxation from New York University.  Ms. Brackney teaches Tax Procedure as an adjunct professor at New York University.  

Ms. Brackney is the Vice Chair of Committee Operations for the American Bar Association Section of Taxation, a member of the New York State Bar Association Tax Section’s Executive Committee, and a Fellow of the American College of Tax Counsel.  Ms. Brackney frequently speaks and writes on tax controversy topics. Ms. Brackney annually contributes to the ABA publication, Effectively Representing Your Client Before the IRS, is a regular columnist for the “Tax Controversy Corner” of The Journal of Passthrough Entities, and serves on the editorial board of the Journal of Taxation and The Tax Lawyer.  Ms. Brackney has been recognized by New York Super Lawyers since 2012. 


Donald R.

the presenter was very engaging

Barton F.

Great information and presentation.

Jesse L.

Megan gives great, direct instruction. Thank you.

Barbara L.

Informative and enlightening!

Todd P.

Top-notch presentation in terms of quantum and quality. My big takeaway? The IRS is really serious about penalties!! :-))

jeff a.

Very much liked this presenter, just the right level for a basic course to give general practitioners a good understanding of the basics

Julie B.

Excellent, informative, succinct, clear presentation! Will be looking for this presenter for future CLEs.

Aaron G.

The presenter was extremely knowledgeable and the outline shares great information that could even be made into a part 2 or longer class. I thoroughly enjoyed it.

Diane H.

Really enjoyed the presentation. I can't wait to ask my CPA if she is familiar with Spies!

Joan C.

An animated and informed presenter on what can be a dry topic. I enjoyed it and appreciate the thorough materials, which is unusual.

David B.

I will be needing this for CPA continuing education

claude w.

She was a good speaker

Alan B.


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