Estimated Tax Payment and Penalties
Master estimated tax penalties with our course for tax professionals. Learn to calculate, minimize penalties, and guide clients in making timely payments. Enhance your tax planning skills today!
Only $99/month for group mentorship & full access to all courses with visuals.
Learning Objectives
By the end of this course, participants will:
Course Description and Highlights
Why Join This Quest?
Embark on an interactive journey to master the intricacies of tax penalties. This course is designed for tax professionals eager to enhance their skills and provide exceptional service to their clients.
- Interactive Learning: Engage with real-world scenarios through mock client emails and meetings, making learning both practical and enjoyable.
- Expert Guidance: Benefit from the insights of industry professionals with over 17 years of experience, ensuring you receive top-tier education.
- Client-ready Visuals: Gain access to a suite of visuals that will become your go-to resources for client meetings, training sessions, and personal review.
By the end of this course, you'll be equipped with the skills to confidently navigate tax penalties, ensuring your clients avoid unnecessary costs and maximize their financial strategies.
Course Information
- Delivery Method: On-Demand (IRS)
- Program Level: Basic
- Prerequisite: None
- Advanced Preparation: None required
- Field of Study: Federal Tax Topic/Federal Tax Related Matter (IRS)
- CPE Credits: 1 IRS CE credit
- Length: 1 hour plus optional Side Quests (no CE for Side Quests)
- IRS Program Number: NKOMQ-T-00040-25-S
Mastermind Advisors, Inc. (dba Level Up Quest) is recognized and approved by the Internal Revenue Service Return Preparer Office (RPO) as a qualified sponsor of continuing education programs. Webinars are designed to meet all requirements of Circular 230, including sections 10.6 and 10.9. This does not constitute an endorsement by the IRS RPO.
Course Policies
- Earning hour/CPE credit:
Completion of the qualified assessment must be within one year of the date of purchase or enrollment of the course. - Completion Requirements:
Participants must complete all videos, review questions, and achieve a passing score of 70% or better on the final exam. Unlimited retakes are allowed. - Refund Policy:
Refunds are available for the last unused month of a membership. Retroactive refunds for prior months will not be issued. Refund requests are processed within 7–10 business days. - Cancellation Policy:
Participants will be notified via email at least 3 days prior to program cancellations. Updates on new program offerings will be sent if available. - Complaint Resolution:
For complaints, contact Phuc Ly at info@levelupquest.io or 415-871-0169. Complaints will be resolved within 7 business days. - Development and Review Process:
Tax programs include the participation of at least one IRS Enrolled Agent, CPA, or tax attorney in the development or review process. Accounting and auditing programs are developed with the participation of at least one licensed CPA, ensuring compliance with NASBA standards. - Enroll:
Click on the "Join the Membership" button to join the Level Up Quest membership and have access to all of our courses and visuals.
Any issues with signing up? Email us at info@levelupquest.io.
Instructor
Phuc Ly
Present and CEO
Phuc Ly, an Enrolled Agent (100817EA), holds a Bachelor’s degree from San Jose State University. Phuc has over 17 years of experience in the tax industry, having built and grown Alpha B Group Tax and Bookkeeping into a highly successful firm based in Santa Clara, CA. Under Phuc's leadership, the firm became Yelp’s #1 rated tax firm in the country, managing a diverse client base of around 800 individuals and businesses, primarily focused on those with stock options and complex tax scenarios.Throughout the years of ownership, Phuc trained and developed a team of employees who were capable of handling high-value, client-facing responsibilities. This training empowered them to conduct one-on-one meetings with clients, perform intricate tax planning, and take on complex tasks with minimal supervision. This strategic delegation not only freed up time but also helped grow the firm into a seven-figure business.After selling the tax firm, Phuc’s new mission is to share this experience and knowledge by training the next generation of tax associates. Through Level Up Quest, Phuc focuses on helping tax professionals take on more advanced work, using a unique learning approach that combines visuals, storytelling, and analogies to simplify even the most complicated tax topics. This method ensures that learners grasp key concepts with greater clarity, making tax education more engaging and effective.
This course also includes:
- Interactive activities
- Client-ready Visuals
- IRS Continuing Education Credits
- Certificate of Completion
Instructor
Phuc Ly
Present and CEO
Phuc Ly, an Enrolled Agent (100817EA), holds a Bachelor’s degree from San Jose State University. Phuc has over 17 years of experience in the tax industry, having built and grown Alpha B Group Tax and Bookkeeping into a highly successful firm based in Santa Clara, CA. Under Phuc's leadership, the firm became Yelp’s #1 rated tax firm in the country, managing a diverse client base of around 800 individuals and businesses, primarily focused on those with stock options and complex tax scenarios.Throughout the years of ownership, Phuc trained and developed a team of employees who were capable of handling high-value, client-facing responsibilities. This training empowered them to conduct one-on-one meetings with clients, perform intricate tax planning, and take on complex tasks with minimal supervision. This strategic delegation not only freed up time but also helped grow the firm into a seven-figure business.After selling the tax firm, Phuc’s new mission is to share this experience and knowledge by training the next generation of tax associates. Through Level Up Quest, Phuc focuses on helping tax professionals take on more advanced work, using a unique learning approach that combines visuals, storytelling, and analogies to simplify even the most complicated tax topics. This method ensures that learners grasp key concepts with greater clarity, making tax education more engaging and effective.
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