$201,364.80 Tax Liability Reduced to $68,396 in U.S. Tax Court
After being audited by the IRS, the Taxpayer received a Notice of Deficiency proposing additional income tax (including penalties) in the amount of $201,364.80. In the Notice of Deficiency, the IRS disallowed deductions for Schedule E rental expenses, Section 179 expenses, and micro-captive insurance expenses. DeWitt Law filed a Petition in U.S. Tax Court challenging the Notice of Deficiency. The Tax Court entered a Decision reducing the tax liability to…
$24,197 Tax Liability Reduced to $0 in U.S. Tax Court
The IRS proposed additional income taxes against the Taxpayer via IRS Notice CP2000. The basis for the proposed assessment was unreported taxable income from the sale of securities and other miscellaneous taxable income. Despite the Taxpayer’s responses, the IRS affirmed the proposed assessment and issued a Notice of Deficiency. DeWitt Law represented the Taxpayer and filed a Petition in U.S. Tax Court to challenge the Notice of Deficiency. The Court…
Reversal of Expulsion From IRS E-File Program
Tax Return Preparer received a letter from the IRS expelling their firm from electronically filing tax returns through the IRS e-file program. Tax Return Preparer received the expulsion notice after the 30-day window to appeal the expulsion. DeWitt Law represented Tax Return Preparer before the IRS to challenge the expulsion. After filing a claim with the IRS TAS Service, the IRS Office of Appeals allowed an administrative appeal to proceed….
$114,936.79 Arkansas Individual Income Tax Liability Reversed to $0
Taxpayer received Notices of Proposed Assessments from the Arkansas Department of Finance and Administration (the “DFA”) in the amount of $114,936.79 for tax years where the Taxpayer did not reside in the State of Arkansas. DeWitt Law represented the Taxpayer before the DFA to challenge the proposed assessments. DeWitt Law filed an administrative appeal and offered evidence of the Taxpayer’s residence for the tax years at issue. The DFA fully…
Tax Assessment Reversed in U.S. Tax Court
Taxpayer received a Notice of Deficiency from the IRS for alleged cancellation of debt income. DeWitt Law represented the Taxpayer and filed suit in U.S. Tax Court to challenge the Notice of Deficiency. DeWitt Law argued that the Taxpayer was not subject to the cancellation of debt income because the Taxpayer had no legal right in the property whose mortgage was forgiven. After completing discovery, counsel for the IRS agreed…