BC Tax Helps Remove Over $270,000 In IRS Penalties

BC Tax worked with a client who had several large balances spanning over 6 plus years with a total balance of over $1 Million. We were successful in securing an abatement of penalties for 4 years of balances (2 shown below). The abatement of penalties and related interest totaled over $270,000.00, with additional years still pending review. We were also able to get the taxpayer current and compliant to stop additional accruals of tax liability by educating them on Estimated Tax Deposits and filing requirements.