Streamlined Domestic Offshore Procedures (United Kingdom)
A dual citizen of the U.S. and United Kingdom (“Client”) held bank accounts, pension accounts, life insurance accounts, and an investment account in the United Kingdom in excess of $10,000 while a dual citizen for 11 years. Client was not aware of their U.S. tax reporting requirements for foreign assets and never reported taxable foreign income on their U.S. tax returns. Client also failed to file FinCEN Form 114 Report…
DeWitt Law Wins on Direct Appeal Before Arkansas Supreme Court
DeWitt Law represented an Arkansas couple (the “Taxpayers”) before the Arkansas Supreme Court to challenge a judgment for additional Arkansas income taxes entered against the Taxpayers by the Garland County Circuit Court. The Arkansas Supreme Court held in favor of the Taxpayers by reversing the judgment and remanding the case back to the trial court. The issue on appeal centered on whether the Arkansas Department of Finance and Administration (“DFA”)…
No Jail Time Imposed for Conviction Under 26 U.S.C. § 7206(2)
Little Rock, Arkansas – DeWitt Law represented accountant facing allegations of fraudulently preparing tax returns causing a tax loss of $2,329,255 to the government. Negotiated a plea agreement where accountant pled guilty for three felony counts of Filing, Aiding, or Assisting in Filing a False Tax Return under 26 U.S.C. § 7206(2) and the tax loss was limited to $37,125. At sentencing hearing, DeWitt Law argued for a downward departure…
Reversal of Tax Judgment by Arkansas Supreme Court
Arkansas Supreme Court – DeWitt Law represented an Arkansas couple (the “Taxpayers”) before the Arkansas Supreme Court to challenge a judgment for additional Arkansas income taxes entered against the Taxpayers by the Garland County Circuit Court. The Arkansas Supreme Court held in favor of the Taxpayers by reversing the judgment and remanding the case back to the trial court.
No Charges Filed in IRS Criminal Investigation Against Owner of Multi-State Corporation
Represented owner of corporation operating in multiple states in complex criminal investigation by the IRS Criminal Investigation department. Investigation closed with no criminal charges filed.