Nashville, Tennessee – Taxpayer received IRS Notice CP2000 proposing additional tax of $460,313, based on income reported to the IRS on Form 1099-S from the sale of several residential properties owned by Taxpayer. DeWitt Law represented Taxpayer and challenged the proposed assessment with the IRS. The IRS never responded and issued a Statutory Notice of Deficiency. After litigation in U.S. Tax Court, the assessment was reduced to $9,527.