Taxpayer received a Notice of Deficiency proposing additional federal income tax (plus penalties) in the amount of $220,187.27. The basis for the Notice of Deficiency was alleged unreported capital gain income from the sale of the Taxpayer’s home that was renovated. DeWitt Law represented the Taxpayer and filed a Petition in U.S. Tax Court. After completing discovery, the property’s basis was substantially increased by the IRS, resulting in a Decision by the Tax Court reducing the tax liability to $10,699.67.