How We Successfully Negotiated a Drastic Reduction in ESRP Penalties
The Wilson Firm recently navigated a significant victory in Employer Shared Responsibility Payment (ESRP) penalty negotiation, dramatically reducing a client's ESRP penalty from $465,000 to just $9,000. In this case, The Wilson Firm adeptly demonstrated to the IRS that the company satisfied the "minimum essential coverage" and "minimum value" standards, thereby ensuring that Section 4980H(a) penalties were not applicable. Instead, only the stipulations of Section 4980H(b) were relevant to the client's situation.
This strategic approach allowed The Wilson Firm to bypass the more complex and potentially costly "affordability" defense, which could have led to higher expenses and prolonged resolution times without a guaranteed positive result.
If your business is facing ESRP penalties, there's no need to feel overwhelmed. Reach out to the tax professionals at The Wilson Firm, and let us devise a tailored, cost-efficient strategy to address your specific case.
Why Choose The Wilson Firm?
At The Wilson Firm, we provide personalized, strategic representation tailored to each client's situation. Whether you're facing a government investigation, a tax dispute, or enforcement action, our attorneys work closely with you to understand the facts, assess the risks, and pursue the most favorable resolution possible.
We manage the legal complexities so you can focus on moving forward. From handling communications with tax authorities to developing a strong legal strategy, we are committed to protecting your rights, your interests, and your peace of mind at every stage.
Contact Us today to learn how our experience, discretion, and dedication can help you navigate even the most challenging legal matters with clarity and confidence.
