$266,755 Tax Debt Settled for $33,515
Represented taxpayer who owed the IRS over $266,755. Tax debt was reduced to $33,515 through an accepted offer in compromise.
5th Consecutive Rating by Super Lawyers Rising Stars in Tax Practice Area
For the fifth consecutive year, Tyler DeWitt (Managing Attorney) has been selected as a Rising Star by Super Lawyers. The selection signifies that Tyler is a top-rated tax attorney as recognized by peers. Super Lawyers selects attorneys using a patented multiphase selection process. Peer nominations and evaluations are combined with independent research. Each candidate is evaluated on 12 indicators of peer recognition and professional achievement. Selections are made on an…
$202,741 Tax Debt Settled for $3,927
Represented taxpayer who owed the IRS over $202,741. Tax debt was reduced to $3,927 through an accepted offer in compromise.
Streamlined Domestic Offshore Procedures (China)
A U.S. citizen (“Client”) held certificate of deposit accounts for 9 years in China worth in excess of $1,000,000. Client’s accountant never reported taxable foreign income on Client’s U.S. tax returns. The accountant also failed to prepare or file FinCEN Form 114 Report of Foreign Bank and Financial Accounts (FBAR). DeWitt Law represented Client before the IRS to reach full filing compliance through the IRS streamlined domestic offshore procedures. Three…
$173,125 Income Tax Assessment Reversed
United States Tax Court – Taxpayer was audited by the IRS for tax year 2018. The IRS determined that the Taxpayer failed to report taxable income from the sale of his home, resulting in an additional tax assessment of $173,125 (excluding interest). DeWitt Law represented the Taxpayer and challenged the assessment by filing a petition in U.S. Tax Court. The Court entered an order reversing the tax assessment.