Audit Reconsideration – Tax Assessment Reduced by Over $150,000

The Taxpayer was audited and the IRS determined that the Taxpayer did not report taxable income from the sale of their home. The Taxpayer did not respond to the audit and did not file a Petition in U.S. Tax Court after the IRS issued a Notice of Deficiency. DeWitt Law represented the Taxpayer before the IRS and filed an Audit Reconsideration claim challenging the tax assessment. The IRS reversed the assessment, which lowered the tax assessment by over $150,000.