IRS CP2000 Notice – What to Do and How to Respond
The Internal Revenue Service’s CP2000 notice is a computer-generated notice received by taxpayers after filing an income tax return. The purpose of a CP2000 notice is to inform a taxpayer that information the I.R.S. received from third parties (employers, banks, brokerages, etc.) does not match the information reported on the taxpayer’s return. Taxpayers often receive CP2000 notices when taxpayers’ income or payment is inaccurately reported or unreported on their tax…
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….
Tyler DeWitt Featured on Fox 17 Nashville
Fox 17 News Nashville recently featured Tyler DeWitt of DeWitt Law in a story about the newly unveiled GOP tax plan and how it may save taxpayers time and money: “A lot of this is kind of just smoke and mirrors to some degree, DeWitt said. “All aimed at trying to simplify things. Not necessarily saving a significant amount of money but just simplify how you’re doing your taxes.” –…
How Does the IRS Calculate Penalties and Interest?
The Internal Revenue Service is well known for its enforcement of stiff penalties and interest for tax liabilities. In fact, some of the first questions I get from prospective clients facing federal tax debt are along the lines of “How much of this bill is penalties and interest” or “Is there any way you can remove the penalties and interest”. The most common penalties imposed by the IRS are (1)…
We are a law firm that focuses on resolving serious civil and criminal tax issues. We represent taxpayers before the IRS and regularly litigate tax matters in U.S. Tax Court, Federal District Courts, and certain state courts. We find that many of our clients become overwhelmed with fear, anxiety, and an abundance of conflicting and often incorrect or misleading information available on the internet. When you contact our law firm, your case will be evaluated by a tax attorney licensed to practice before the IRS and the U.S. Tax Court. We are committed to providing our clients with clear guidance, honest legal counsel, and peace of mind in difficult circumstances. We invite you to request a consultation with a tax attorney.
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