IRS Crypto Penalty Abatement: $523,825.26 Eliminated
The ProblemOur client was assessed over $1 million by the IRS for alleged unreported cryptocurrency transactions. The assessment included substantial accuracy-related penalties under IRC §6662(a) and arrived with one of the most serious enforcement notices the IRS can issue: a Notice of Intent to Levy. At that point, the IRS had the legal authority to begin seizing assets. The taxpayer maintained that the reporting errors were not intentional and stemmed…
IRS Tax Preparer Fraud Investigation Closed With No Findings Under IRC § 6700, 6701, 6694, and 6695
DeWitt Law represented a high-volume federal income tax return preparer after the IRS opened an investigation involving potential civil penalty allegations under IRC §§ 6700 and 6701, as well as potential IRC § 6694 and 6695 return preparer violations. Immediately after being notified of the investigation, the client retained DeWitt Law to provide legal representation and early intervention. Our firm took over the matter from the outset, handled all communications…
DeWitt Law Secures Full Reversal of $250,000+ IRS Assessment
Taxpayer recently received an IRS CP2000 notice proposing additional tax of more than $250,000 related to the sale of the Taxpayer’s primary residence. The notice alleged substantial unreported income and sought to impose a staggering assessment. DeWitt Law immediately identified critical errors in the IRS’s proposed assessment. Our team carefully reconstructed the transaction details, highlighted the primary residence exclusion under federal tax law, and documented the accurate basis and closing…
$300,000 Payroll Tax Debt Placed in Currently Not Collectable (CNC) Status by the IRS
After a prolonged cash‑flow crunch, a car repair shop fell behind on payroll tax deposits. The owner was also personally assessed under the Trust Fund Recovery Penalty (IRC Section 6672), resulting in approximately $300,000 of federal payroll tax debt. After receiving Notices of Intent to Levy from the IRS, the Taxpayer contacted DeWitt Law. We moved quickly to protect the client: we filed a timely Collection Due Process (CDP) request…
Streamlined Disclosure For Unreported Foreign Income & Bank Accounts
A U.S. taxpayer engaged DeWitt Law after discovering his prior CPA never told him about FBAR and U.S. foreign-income and tax reporting. The Taxpayer was worried, confused, and facing the risk of steep penalties. DeWitt Law quickly jumped in, mapped out a clear path using the IRS’s streamlined disclosure process, and handled everything—from organizing foreign account records to preparing the right filings—to get the Taxpayer into full compliance. Our team…