Memphis, TN – Taxpayer received IRS Notice CP2000 proposing additional tax of $181,404 for tax year 2018. Taxpayer’s accountant assisted with responding but the IRS upheld the assessment and issued a Notice of Deficiency. Taxpayer did not challenge the Notice of Deficiency and the assessment became final, resulting in a total tax liability, including penalties and interest, of $291.791.44. The IRS applied held Taxpayer’s tax refunds for later years and applied them to the 2018 tax liability. DeWitt Law represented Taxpayer and challenged the 2018 tax assessment by filing a Claim for Refund with the IRS. The IRS reversed the assessment, penalties, and interest, and issued a refund of $291,791.44 to the Taxpayer.