$331,000 Tax Debt Settled for $63,264
Memphis, Tennessee – Represented taxpayer who owed the IRS over $331,000. Tax debt was reduced to $63,264 through an accepted offer in compromise.
No Charges Filed in IRS Criminal Investigation
DeWitt Law represented taxpayer investigated by the IRS Criminal Investigation department for potential tax crimes related to over $5 million dollars in unreported bank account deposits. Investigation closed and no criminal charges filed.
IRS Audit – No Additional Tax Assessed
Represented small business taxpayers in an IRS field audit. The IRS returned an audit report proposing no additional tax. Learn more.
Cryptocurrency and the IRS
The IRS recently secured a major legal victory against Coinbase, a cryptocurrency exchange, in its pursuit to enforce U.S. tax laws against investors. In late 2017, a federal district court ruled in favor of the IRS, ordering Coinbase to disclose investor information for those with “at least the equivalent of $20,000 in any one transaction type (buy, sell, send, or receive) in any one year during the 2013 to 2015…
5 Reasons Why Choosing the Right Tax Preparer Matters
Tax filing season is upon us. For the next four months or so, our televisions will be dominated by tax preparation commercials reminding us of the imminent April 15th deadline to submit our tax returns. Peace of mind is important to many taxpayers who might not trust themselves with properly identifying all available deductions and loopholes. That’s why the tax preparation industry brings in billions of dollars every filing season….