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 joined YHB in 2020 with over 15 years of experience in the industry. Nick is a graduate of Carthage College with a BS in Accounting and Business, the University of Connecticut with an MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility.

    EXPERTISE

    Nick’s expertise includes helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. He has used his tax expertise not only to serve his clients, but also his peers. He has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure and co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomas Reuters. He has also lectured nationally on topics such as ethics, complex tax transactions, and IRS practice and procedure.

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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