Enrolled Agent Exam [Part 3] 67, Penalty Abatement and Reasonable Cause

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The three strict requirements for the First-Time Abate (FTA) administrative waiver.

- How the core standard of "ordinary business care and prudence" is applied in reasonable cause cases.

- The critical exam trap involving reliance on a tax advisor and the need for full disclosure.

- Key differences between penalty abatement and the much more limited criteria for interest abatement.

- The taxpayer's right to appeal a denied penalty abatement request.

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