Florida Sales Tax Assessment Reduced by 87%
Tampa, Florida – Taxpayer, an out-of-state business, was audited by the Florida Department of Revenue for not filing Florida sales and use tax returns for several years. The audit resulted in an additional tax assessment. DeWitt Law represented the Taxpayer and challenged the assessment by filing a Petition for an administrative hearing. DeWitt Law negotiated a settlement with the Department of Revenue lowering the assessment by over 87%.
$284,767 Federal Income Tax Assessment Reversed to $0
LITTLE ROCK, ARKANSAS – The IRS assessed additional federal income tax of $284,767 against Taxpayer via IRS Notice CP2000. The basis for the assessment was alleged unreported taxable income from the sale of Taxpayer’s home. DeWitt Law represented Taxpayer and challenged the tax assessment. The IRS reversed the assessment to $0.
Alabama Income Tax Assessment Reversed in Montgomery County Circuit Court
Montgomery, Alabama – Taxpayer residing in Georgia was assessed Alabama individual income taxes. DeWitt Law represented taxpayer in Montgomery County Circuit Court to challenge the assessment. The assessment was fully reversed.
No Jail Time for Taxpayer Facing Tax Evasion & Money Laundering Charges
Nashville, Tennessee – DeWitt Law represented a business owner facing 8 felony criminal charges, including tax evasion and money laundering. If convicted, the client would have faced up to 30 years in prison. Tyler DeWitt secured dismissal of 6 criminal charges and negotiated a plea agreement for the remaining charges with no jail time imposed.
$268,699 CP2000 Assessment Reduced to $0
Nashville, Tennessee – Taxpayer received IRS Notice CP2000 proposing additional tax of $268,699, based on income reported to the IRS on Form 1099-S from the sale of two residential properties owned by Taxpayer. Taxpayer failed to timely respond to the CP2000 notice, resulting in the issuance of a Statutory Notice of Deficiency. DeWitt Law represented Taxpayer and challenged the assessment in U.S. Tax Court, resulting in the assessment being reversed…