Employee Benefits
Compliance Audit Avoids $91,000 IRS Fine
The Problem:
We conducted a Compliance Audit as part of our onboarding for this employer. We discovered there were required IRS filings that had never been made. They told us they had already gotten a letter from the IRS.
The IRS had calculated $91,000 in fees and penalties for past-due reporting.
Our Solution:
Our compliance team jumped into action. We helped get forms completed for the past due filings and provided guidance on contacting the IRS directly.
Exceptional Results:
The client followed our steps. The IRS agreed to waive the entire penalty - saving the client $91,000!
Related Content
