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IRS Penalty Abatement

A non-profit entity located in Kansas 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. It was found that the business was assessed failure to file and daily delinquency penalties due to not filing Form 990 in 2014, 2015, and 2016. The Enrolled Agent worked up a package of information pertaining to these penalties and provided proof of the required forms that were filed timely and not a fault of the taxpayer due to mismanaged accounting methods. The Penalty Abatement Request was approved by the Internal Revenue Service and they removed approximately $116,437.01 of failure to file penalties with the associated interest from the account.

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