$121,370 Tax Debt Settled for $6,410
Represented taxpayer who owed the IRS over $121,370. Tax debt was reduced to $6,410 through an accepted offer in compromise.
Streamlined Domestic Offshore Procedures (Trinidad and Tobago)
A U.S. citizen (“Client”) held stock for 17 years in Trinidad & Tobago worth in excess of $10,000. Client was not aware of their U.S. tax reporting requirements for foreign assets and never reported taxable foreign income on their U.S. tax returns. Client also failed to file FinCEN Form 114 Report of Foreign Bank and Financial Accounts (FBAR). DeWitt Law represented Client before the IRS to reach full filing compliance…
Tyler DeWitt Featured in Florida Bar Out-of-State Division
The Out of State Division of the Florida Bar recently featured tax attorney Tyler DeWitt in a recent newsletter: Tyler DeWitt is an attorney with DeWitt Law PC, with offices in Memphis and Nashville. He focuses his practice on federal and state tax issues. “Typical cases range from IRS criminal tax investigations to audits, tax court litigation and foreign asset reporting issues,” he says. “As an active CPA, I also…
Tyler DeWitt Quoted in Financial Advisor Cryptocurrency Article
Tax attorney and cryptocurrency law expert Tyler DeWitt was quoted in a recent Financial Advisor article detailing the risks of speculative cryptocurrencies. “While cryptocurrency investing is a hot topic and trend largely due to its decentralized approach to currency, it’s not exempt from the far-reaching power of the IRS,” said Tyler DeWitt, an attorney and CPA in Memphis, Tenn. Financial Advisor is a monthly magazine that reaches 110,000 financial experts…
IRS Field Audit – No Additional Tax
Represented self-employed taxpayer operating a multi-million-dollar auto parts retail business in an IRS field audit. Audit resulted in no additional tax. See Image