$94,616 Tax Debt Settled for $5,641
Represented taxpayer who owed the IRS over $94,616. Tax debt was reduced to $5,641 through an accepted offer in compromise.
Streamlined Domestic Offshore Procedures (South Africa)
A U.S. citizen (“Client”) held bank accounts, pension accounts, and annuity accounts in South Africa in excess of $10,000 for over 10 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 of Foreign Bank and Financial Accounts (FBAR). DeWitt Law represented Client before the IRS…
$163,936 CP2000 Assessment Reversed to $0
Orlando, Florida – Taxpayer received IRS Notice CP2000 proposing additional tax of $163,936, based on income reported to the IRS on Form 1099-S from the sale of Taxpayer’s residential property. DeWitt Law represented Taxpayer and challenged the assessment with the IRS, resulting in the assessment being reversed to $0.
$40,655 Tax Debt Settled for $5,581
Tampa, Florida – Represented taxpayer who owed the IRS over $40,655. Tax debt was reduced to $5,581 through an accepted offer in compromise.
$318,198 Tax Debt Settled for $2,000
Orlando, Florida – Represented taxpayer who owed the IRS over $318,198. Tax debt was reduced to $2,000 through an accepted offer in compromise.