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IRS Penalty Abatement

A medical equipment company located in Michigan hired Timberline for overall protection, account representation, and penalty removal. The Enrolled Agent assigned to the case immediately obtained a 60-day hold on enforcement to allow time to gather the client’s financials which allowed us to determine the most appropriate resolution. The Associate was negotiating the business account as well as the two owner’s personal accounts. After resolution of an Installment Agreement was put into place. The team put together packets of information regarding the requests for the abatement of penalties of the personal accounts. One owner was approved for the removal of an accuracy related penalty which removed $21,479.28 from his account!

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