$52,365.60 Federal Income Tax Assessment Reduced To $2,478 by U.S. Tax Court
Taxpayer received a Notice of Deficiency from the IRS proposing additional federal income tax for three tax years. The basis for the proposed assessment was alleged unreported income and disallowed Schedule C expenses. DeWitt Law represented the Taxpayer in U.S. Tax Court to challenge the Notice of Deficiency. The Court entered an order reversing the proposed assessments for two years and substantially reducing the remaining year to $2,478.
$271,770 Tax Assessment Reversed to $0
United States Tax Court – Taxpayer was audited by the IRS for tax year 2020. The IRS determined that the Taxpayer failed to report taxable income from the sale of his home, resulting in an additional tax assessment of $271,770. 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.
$58,650 Tax Debt Settled for $2,000
Memphis, Tennessee – Represented taxpayer who owed the IRS over $58,650. Tax debt was reduced to $2,000 through an accepted offer in compromise.
$299,860 CP2000 Assessment Reversed to $3,864
Memphis, Tennessee – Taxpayer received IRS Notice CP2000 proposing additional tax of $299,860, based on income reported to the IRS on Form 1099-S from the sale of Taxpayer’s primary home. DeWitt Law represented Taxpayer and challenged the assessment with the IRS, resulting in the assessment being reduced to $3,864.
$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.