Streamlined Domestic Offshore Procedures (Trinidad and Tobago)
A U.S. citizen (“Client”) held stock for 17 years in Trinidad & Tobago worth in excess of $10,000. 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 to reach full filing compliance…
IRS Field Audit – No Additional Tax
Represented self-employed taxpayer operating a multi-million-dollar auto parts retail business in an IRS field audit. Audit resulted in no additional tax. See Image
$331,000 Tax Debt Settled for $63,264
Memphis, Tennessee – Represented taxpayer who owed the IRS over $331,000. Tax debt was reduced to $63,264 through an accepted offer in compromise.
No Charges Filed in IRS Criminal Investigation
DeWitt Law represented taxpayer investigated by the IRS Criminal Investigation department for potential tax crimes related to over $5 million dollars in unreported bank account deposits. Investigation closed and no criminal charges filed.
IRS Audit – No Additional Tax Assessed
Represented small business taxpayers in an IRS field audit. The IRS returned an audit report proposing no additional tax. Learn more.