Non-Filer Real Estate Developer - $256,158 reduction in Penalties and Interest
A local real estate developer had neglected his responsibilities of filing and paying taxes for several years.
We worked through preparing and filing the delinquent tax returns while dealing with an aggressive IRS Revenue Officer pursuing collection actions. The taxpayer was able to pay the tax liabilities owed, per the tax returns, but was left with approximately $256,158 in penalties and interest.
We went to work building an aggressive penalty abatement case. After battling the IRS for over a year, negotiating the facts and circumstances of the case… we were successful in getting all $256,158 abated.
A great WIN and a happy client!