Don Farmer's Reasonable Cause Penalty Abatement: What Actually Works (2 hours - late morning) - Webcast
Overview
This course focuses on practical strategies for obtaining IRS penalty abatement based on reasonable causes. Participants will review statutory standards, IRS administrative guidance, and real-world success factors. Emphasis is placed on documentation, narrative development, and distinguishing reasonable cause from first-time abatement.
Highlights
- Overview of IRS Penalties and Abatement Authority
- Reasonable Cause Standards
- Reasonable Cause vs. First-Time Abatement
- Penalty Abatement Requests and Narrative Development
- Documentation and Substantiation Requirements
- Common Denial Factors and Compliance Risks
Designed For
CPAs and tax professionals
Objectives
- Identify penalties eligible for reasonable cause relief
- Distinguish reasonable cause from first-time abatement
- Develop effective penalty abatement narratives
- Evaluate documentation that strengthens abatement requests
- Recognize common reasons IRS penalty abatement requests fail
Leader(s):
Leader Bios
Nicholas Preusch, Don Farmer Tax Education
Nick Preusch, CPA, J.D., LL.M., MSA, has a primary focus of performing tax services relating to emerging issues and complex tax transactions. He works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Nick started his career with the Internal Revenue Service (IRS) as a revenue agent, and then as an attorney at the IRS National Office in Washington, D.C., where he was the lead attorney for several significant tax ethics cases.
Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA's Tax Advisor and Journal of Accountancy along with CCH's Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA's Top 5 Under 35. In 2018, he was named to CPA Practice Advisor's Top 40 Under 40. In 2018, he was part of the AICPA's New Face of Tax ad campaign. Nick has been a member of the AICPA's Tax Practice Responsibilities Committee, Tax Executive Committee and Professional Ethics Executive Committee.
(4/15/26)
Non-Member Price $109.00
Member Price $89.00