Tampa, Florida – Taxpayer received IRS Notice CP2000 proposing additional tax of $1,420,838, based on cryptocurrency trades reported to the IRS on Form 1099-K. Taxpayer challenged the proposed assessment but the IRS upheld it and issued a Statutory Notice of Deficiency. DeWitt Law represented Taxpayer and challenged the assessment in U.S. Tax Court, resulting in the assessment being reversed to $0.