H&A Wins Self Dealing Penalty Abatement
By Joe Nagel, Esq., LLM, CPA
The IRS confronted our client with an assessment of over $700,000 in self dealing transaction penalties under Internal Revenue Code Section 4941 for its dealings with a private foundation. H&A obtained a full abatement of the assessed penalties through hard work, creative thinking, and attention to detail. This was a collaborative effort by our tax controversy team and is a testament to the wide ranging skills and knowledge offered to our clients.
We cannot guaranty abatement of penalties. The success or failure of a request or claim for penalty abatement depends on the facts and circumstances of each individual case. If you need help dealing with the IRS, please email or call us at info@hoffmanestatelaw.com or 404.255.7400.
