$208,984 Tax Liability Reduced to $107,495 in U.S. Tax Court
Taxpayer was audited by the IRS for multiple tax years, resulting in a Notice of Deficiency proposing additional tax in the amount of $208,984. The basis for the Notice of Deficiency was disallowed Schedule C contract labor and cost of goods sold. DeWitt Law filed a Petition in U.S. Tax Court challenging the Notice of Deficiency. The Court entered a Decision reducing the tax liability by over 50% to $107,495.
$220,187.27 Tax Liability Reduced to $10,699.67 in U.S. Tax Court
Taxpayer received a Notice of Deficiency proposing additional federal income tax (plus penalties) in the amount of $220,187.27. The basis for the Notice of Deficiency was alleged unreported capital gain income from the sale of the Taxpayer’s home that was renovated. DeWitt Law represented the Taxpayer and filed a Petition in U.S. Tax Court. After completing discovery, the property’s basis was substantially increased by the IRS, resulting in a Decision…
$436,327.20 Tax Liability Reduced to $33,364 in U.S. Tax Court
After being audited by the IRS, the Taxpayer received a Notice of Deficiency proposing additional federal income tax (including penalties & interest) in the amount of $436,327.20. The basis for the Notice of Deficiency was disallowed Schedule C business expenses (including contract labor and supplies) on the Taxpayer’s 2021 and 2022 federal income tax returns. DeWitt Law represented the Taxpayer and challenged the Notice of Deficiency by filing a Petition…
$201,364.80 Tax Liability Reduced to $68,396 in U.S. Tax Court
After being audited by the IRS, the Taxpayer received a Notice of Deficiency proposing additional income tax (including penalties) in the amount of $201,364.80. In the Notice of Deficiency, the IRS disallowed deductions for Schedule E rental expenses, Section 179 expenses, and micro-captive insurance expenses. DeWitt Law filed a Petition in U.S. Tax Court challenging the Notice of Deficiency. The Tax Court entered a Decision reducing the tax liability to…
$24,197 Tax Liability Reduced to $0 in U.S. Tax Court
The IRS proposed additional income taxes against the Taxpayer via IRS Notice CP2000. The basis for the proposed assessment was unreported taxable income from the sale of securities and other miscellaneous taxable income. Despite the Taxpayer’s responses, the IRS affirmed the proposed assessment and issued a Notice of Deficiency. DeWitt Law represented the Taxpayer and filed a Petition in U.S. Tax Court to challenge the Notice of Deficiency. The Court…