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IRS Penalty Abatement – Forest City, NC

A taxpayer in Forest City, North Carolina hired Timberline Tax Group to navigate the removal of an Accuracy Related Penalty on their Individual Income Tax Return dating back to 2013, in the amount of $117,543.70. Through thorough research of the Internal Revenue Manual and relevant court cases, the Enrolled Agent was able to abate (remove) the assessed penalty, including its associated interest. The remaining balance on the account of $9,214.20 is a tiny fraction of the $301,089.90 that was originally owed on the same tax period.

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