$74,177 Federal Income Tax Assessment Reversed to $0
Birmingham, AL – Taxpayer received IRS Notice CP2000 proposing additional federal income tax for an unreported taxable retirement distribution. DeWitt Law represented Taxpayer and challenged the proposed assessment, arguing that the Taxpayer qualified for an automatic waiver of the 60-day rollover requirement established under I.R.C. § 408(d)(3). The IRS reversed the proposed assessment.