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Capabilities

IRS Persuaded to Negate $780,000 in Penalties and Interest

 
April 03, 2018

Related Service:

Tax Controversy
 
Case Study

Situation

A leading public accounting firm faced $780,000 in late filing penalties and interest over a final tax return it filed for a holding company that had dissolved an entity months earlier as part of a restructuring. The Internal Revenue Service determined the tax return had been filed too late.

Result

Husch Blackwell successfully argued that when the final return was filed, the entity still existed for tax purposes, even though it did not exist for state law purposes. All fees and penalties were eliminated, saving our client $780,000.

Husch Blackwell Team: Robert M. Romashko