How to Cancel Penalties and Interest: A Practical Guide to Reducing Your Client’s IRS Balance
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From: $169.00
Date: November 6th, 2026
Time: 3pmET | 2pm CT | 1pm MT | 12pm PT
Duration: 120 Minutes
IRS penalties rarely arrive at a convenient time. After the October 15 extension deadline, practitioners are seeing more clients with late filings, unpaid balances, accruing interest, and IRS notices often unsure whether the penalties can be reduced, removed, or challenged.
This timely course gives tax professionals a practical framework to protect clients from avoidable penalty exposure and respond decisively when the IRS has already assessed a penalty. You will learn how to identify the correct relief route, build a persuasive reasonable-cause file, evaluate first-time and administrative relief options, and understand when interest may be reduced or removed along with the underlying penalty.
You will also examine high-risk penalty areas, including preparer penalties, and learn how amended returns, corrected filings, and well-documented corrective action can strengthen a penalty-relief position. When the IRS denies relief, you will know how to analyze the denial, preserve appeal rights, and prepare a focused, evidence-based appeal.
Major Topics:
Understanding IRS Penalties.
Reasonable Cause and First-Time Abatement Relief.
Effective Strategies for Amended Returns.
Mastering the Appeals Process.
Best Practices for Preventing Penalties.
Learning Objectives
Recognize negligence penalties and understand their application.
Evaluate when preparer penalties apply and the risks involved.
Learn how to effectively use amended returns to reduce penalty impact.
Navigate the appeals process to confidently challenge penalties.
Apply strategies to minimize penalty risks for clients.
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation:Â None
Session learning level:Â Basic
Location:Â Virtual/Online
Delivery method:Â Group Internet Based
Attendance Requirement:Â Yes
Session Duration: 120 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
Nick Preusch, CPA, JD, LLM
Nick has more than 20 years of industry experience and previously served the IRS as both a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. At the IRS National Office in Washington, D.C. , he served as lead attorney on several significant tax-ethics cases. His work includes complex tax research, return preparation and review, tax planning, transaction consulting, and IRS controversy support. His practice specialties include complex tax compliance, international tax, nonprofit tax issues, tax ethics, and helping clients identify tax efficiencies amid changing legislation. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia.Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement and is a frequent national speaker on IRS practice, ethics, and complex tax issues.
