$460,313 CP2000 Assessment Reduced to $9,527
Nashville, Tennessee – Taxpayer received IRS Notice CP2000 proposing additional tax of $460,313, based on income reported to the IRS on Form 1099-S from the sale of several residential properties owned by Taxpayer. DeWitt Law represented Taxpayer and challenged the proposed assessment with the IRS. The IRS never responded and issued a Statutory Notice of Deficiency. After litigation in U.S. Tax Court, the assessment was reduced to $9,527.
Partial-Pay Installment Agreement Negotiated With Revenue Officer
Client was self-employed medical doctor facing over $750,000 in income tax debt. An IRS Revenue Officer was assigned to the case. DeWitt Law represented Client before the Revenue Officer and negotiated a partial-pay installment agreement, based on Client’s monthly financial ability to pay.
$118,170 Tax Debt Settled for $27,204
Little Rock, Arkansas – Represented taxpayer who owed the IRS over $118,170. Tax debt was reduced to $27,204 through an accepted offer in compromise.
Equitable Spouse Claim Granted in U.S. Tax Court
United States Tax Court – The Taxpayer’s former spouse was self-employed and did not make estimated payments, resulting in a significant tax liability. The Taxpayer had no involvement with the former spouse’s business. DeWitt Law represented the Taxpayer before the IRS and filed a claim for equitable spouse relief. The IRS denied the claim and DeWitt Law filed a Petition in U.S. Tax Court. The court granted the Taxpayer’s claim…
Equitable Spouse Relief Granted
The Taxpayer’s former spouse was self-employed and did not make estimated payments, resulting in a significant tax liability. The Taxpayer had no involvement with the former spouse’s business. DeWitt Law represented the Taxpayer before the IRS and filed a claim for equitable spouse relief. The IRS denied the claim and DeWitt Law filed a Petition in U.S. Tax Court. The court granted the Taxpayer’s claim for equitable spouse relief and…