January 21, 2027

Live Webcast

2 CPE Credits

Don Farmer's Reasonable Cause Penalty Abatement: What Actually Works

January 21, 2027
Live Webcast
2 CPE Credits

Don Farmer's Reasonable Cause Penalty Abatement: What Actually Works

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    Instructor

    Nick
    Preusch

    View Bio

    Nick Preusch, CPA, JD, LLM, MSA

    Bio

    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.

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.

Learning Objectives

1. Identify penalties eligible for reasonable cause relief 2. Distinguish reasonable cause from first-time abatement 3. Develop effective penalty abatement narratives 4. Evaluate documentation that strengthens abatement requests 5. Recognize common reasons IRS penalty abatement requests fail

Major Topics

• 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

CPE Credits Available

2 CPE Credits
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax; Taxation

Prerequisites

None

Advanced Preparation

None

Provider

Don Farmer Tax Education

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