Navigating Tax Disputes & Controversy
Contact from a Federal or state tax agency can be concerning and stressful for a taxpayer. Cendrowski Corporate Advisors’ comprehensive tax controversy services are designed to help clients prevent, manage, and settle tax controversies and conflicts.
The firm’s specialists act expeditiously to resolve outstanding tax disputes, coordinating the efforts of the client’s internal team and professional advisors at every step of the resolution process. We have established an excellent reputation within the IRS and various state authorities as resolute advocates for our clients in matters of tax controversy, both civil and criminal. Contact us to learn more about navigating tax controversy & tax disputes.
Client Success: Responding to an IRS Notice of Penalties
Filing partnership returns late can cause penalties to be assessed by the IRS, which is considered a tax controversy. Fortunately, the IRS acknowledges that mistakes happen and may offer ways for partnerships to request that penalties be waived if a good reason exists. Partnerships are allowed to request abatement of these penalties if they meet the requirements of Revenue Procedure 84-35.
In this case, a Cendrowski Corporate Advisors client alerted our team to a new partnership they had formed in the prior tax year. Unfortunately, they provided this information after the original due date of the partnership return. This misstep meant that an extension had not been filed by the original due date, either.
Our team prepared and filed the return a few months later. The IRS sent tax notices to the partnership, notifying them of a penalty to the partnership for the late filing and payment. This tax controversy notice did mention that if the partnership had a good reason for filing late, a signed letter could be sent, to state their case and ask for a reduction or elimination of the penalties.
Cendrowski Corporate Advisors drafted a response letter requesting an abatement of the penalty assessed by the IRS under IRC Section 6231 and Revenue Procedure 84-35, which allows for the abatement of penalties on late filed returns if the partnership can show reasonable cause and meets four requirements. Our response detailed the requirements and how the partnership met each one. The IRS sent the partnership a letter stating that all penalties had been removed since we met all requirements. This action saved our client significant fines, penalties and interest.
Co investing can 2–3x returns – but secondaries demand a reality check
Co-investing can be a powerful tool—if you know when to use it. We have seen investors double or even triple returns by leaning into specific industries they understand well. But we’ve also seen the other side: secondaries that look attractive on paper but underdeliver because of timing or asset risk.
Here’s why everyone is gobbling bonds right now
With the Fed likely to keep cutting rates, fixed-rate bonds are looking better by the day. In this clip, Harry Cendrowski explains why investors are jumping on bonds now and what the shifting rate environment could mean for banks and loan spreads in the months ahead.
2025 Year-End Tax Planning Opportunities Under the One Big Beautiful Bill Act
As 2025 comes to a close, recent tax law changes under the One Big Beautiful Bill Act (OBBBA) present meaningful opportunities for individuals and business owners to reduce tax liability before year-end. Several provisions are set to change or phase out beginning in 2026, making proactive planning in 2025 especially important. Key Summary The One […]