Case Study – Lowering IRS Tax Penalty

Case Study – Lowering IRS Tax Penalty


Lowering IRS Tax Penalty

Taxpayer walked into Abajian Law with proposed tax penalty of $514,807 after going through an audit defended by two prior power of attorneys. After petitioning the United States Tax Court and working in conjunction with IRS Counsel and an IRS Examiner, Taxpayer stipulated to pay only $52,456.

The original IRS examiner proposed assessments for passive activity loss limitations for rental properties and additional K-1 income from a flow through entity. Abajian Law was able to reduce the proposed assessment substantially and request other adjustments in Taxpayers favor which were missed on the original filed tax return.

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