Tax Pros: the IRS could hit you with $30,000 in fines. Would you know what to do?
Most Tax Pros don't until the letter shows up. In 2 live nights I'll show you what to ask, how to document it, and how to respond.
*For attending Day 1 live and meeting the attendance requirements · 7 days of replay
"I have been audited 4 times in 20 years. Each time the fines were $20,000 or more. I took Gwennetta Wright's Due Diligence class 3 weeks before my audit and I'm pleased to say my fines are less than $5,000!"
One missed requirement can cost more than this whole class.
Source: IRS, "Consequences of filing EITC returns incorrectly" (irs.gov). The penalty is assessed under Internal Revenue Code §6695(g) and indexed for inflation.
Are you making these mistakes without knowing it?
A $47,000 proposed penalty. Reduced to $0.
During 2 of my examinations, the IRS proposed Due Diligence penalties of $47,000 against one of my preparers and $6,000 against me.
I didn't hire an attorney or an Enrolled Agent. I handled both appeals, and both were reduced to $0.
Examination and appeal outcomes are based on my individual experiences. Results vary, and no training can guarantee that penalties will not be assessed.
8 examinations. $0 in final fines. This is why I teach differently.
- 22+ years in the tax industry
- 8 IRS Due Diligence Examinations: 3 preparers, 11 IRS agents, in person and by correspondence. Every one ended with $0 in final Due Diligence fines.
- I don't just teach what the rules say. I teach you how to apply them to real taxpayer situations.
- 10,000+ Tax Professionals trained
"You shouldn't have to wait until you're sitting across from an IRS agent to learn what you were supposed to be doing all along."
What you need to know before the IRS asks for your client files
What Tax Pros say after class
"Your training truly helped me pass my Due Diligence exam. You didn't just go over the rules. You broke down exactly what to look for, how to prepare, how to document properly, and how to protect myself as a tax professional."
"I recommend taking her classes. I saved on a big fine because I took her class, bought her forms and created one of my own, and that is what I use now. And I passed my audit."
"I had 3 and passed the 4th with my good good friend Dr. Gwen."
"I NEVER go to webinars. I stumbled across your post right before it started. I'm very cautious on what I take in, and I was blown away! Changed my whole direction when it comes to DD."
Results are based on individual experiences. Results vary, and no training can guarantee that penalties will not be assessed.
This Masterclass is for you if you're…
New or 20 years in, Due Diligence Compliance is your responsibility.
Everything you get
2 Day Virtual Due Diligence Masterclass · Nov 11–12 · 8–10 PM EST
- 2 days of live virtual Due Diligence training
- 2 IRS CE credits for attending Day 1 live and meeting attendance requirements
- 7 days of replay access
- Real Due Diligence scenarios and examples
- Practical guidance based on 8 IRS Due Diligence Examinations with $0 in final fines
- Live Q&A to get your Due Diligence questions answered
Less than one $650 penalty
One registration = one attendee. All sales are final (No Refund Policy).
Review your client files and spot missing information.
What to write, what to ask, how to document answers.
Frequently asked questions
Do I need this training if I've been preparing taxes for years?
Yes! Whether you've been preparing taxes for 1 year or 20 years, experience alone doesn't mean you're meeting all IRS Due Diligence requirements. This training will help you identify mistakes you may not realize you're making.
Will I learn what needs to be included in my Due Diligence notes?
Absolutely! We'll cover what information you should document, what questions to ask your clients, and how to maintain records that support your Due Diligence process.
Will this training help me prepare for an IRS Due Diligence Examination?
Yes! You'll learn what happens during a Due Diligence Examination, what IRS examiners may review, and common mistakes that can lead to penalties. No training can guarantee an examination outcome.
Will I receive IRS Continuing Education (CE) credits?
Yes! You'll receive 2 IRS CE credits for attending Day 1 live and meeting the attendance and participation requirements. CE credits are not awarded for watching the replay.
What if I cannot attend both days live?
You'll receive 7 days of replay access. You must attend Day 1 live and meet the participation requirements to qualify for the 2 IRS CE credits.
If I purchase a seat, can my team attend under the same registration?
No. Each registration is for one individual attendee only. Each team member must register individually to participate and qualify for IRS CE credits.
Don't wait for an IRS letter to learn what Due Diligence requires.
Get the education you need to understand the requirements, strengthen your client files and office procedures, and better prepare for a Due Diligence Examination.
Examination and appeal outcomes are based on Dr. Wright's individual experiences. Results vary, and no training can guarantee that penalties will not be assessed.