Strategic Victory: The Wilson Firm's Expert Negotiation Reduces ESRP Penalty from $465,000 to $9,000

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...

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Another Win in a Streamlined Domestic Offshore Disclosure Case

  Client worked for an international oil and gas company based in Europe, where the employees had the equivalent of a European 401k. The client was given erroneous advice and never reported this foreign account when filing their tax returns. Before coming to The Wilson Firm, the client was looking at paying approximately $100k with the combined amounts of tax and penalties owed. This amount could have been increased by an additional $70k if the client’s actions were determined to be "willful," and they were assessed penalties for this. Instead, with the help of our firm, our client paid less than 13%...

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The Wilson Firm’s Legal Victory for a Fortune 100 Corporation

The Wilson Firm recently achieved a significant victory for its client, a subsidiary of a Fortune 100 company. The case involved a dispute with Montgomery Central Appraisal District over the value of approximately 30 acres of commercial property located in The Woodlands, Texas. The Wilson Firm sued Montgomery Central Appraisal District in September 2019 over the appraised value of the client’s property after attempting to resolve the matter with the Montgomery County Appraisal Review Board. While the lawsuit was pending, the Appraisal District continued to over-appraise the value of the property in successive years, expanding the lawsuit to include 2020, 2021,...

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