Nashville, Tennessee – Taxpayer received IRS Notice CP2000 proposing additional tax of $268,699, based on income reported to the IRS on Form 1099-S from the sale of two residential properties owned by Taxpayer. Taxpayer failed to timely respond to the CP2000 notice, resulting in the issuance of 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.