$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…
Tax Assessment Reversed in U.S. Tax Court
Taxpayer received a Notice of Deficiency from the IRS for alleged cancellation of debt income. DeWitt Law represented the Taxpayer and filed suit in U.S. Tax Court to challenge the Notice of Deficiency. DeWitt Law argued that the Taxpayer was not subject to the cancellation of debt income because the Taxpayer had no legal right in the property whose mortgage was forgiven. After completing discovery, counsel for the IRS agreed…
Tax Assessment Reversed to $0 By U.S. Tax Court
Taxpayers received a Notice of Deficiency from the IRS proposing additional income tax for alleged unreported taxable income from the sale of securities. DeWitt Law represented the Taxpayers and challenged the Notice of Deficiency by filing a Petition in U.S. Tax Court. DeWitt Law argued that the proposed assessment should be reversed because the Taxpayers did not own the securities at issue. After completing discovery, IRS counsel agreed to reverse…
$52,365.60 Federal Income Tax Assessment Reduced To $2,478 by U.S. Tax Court
Taxpayer received a Notice of Deficiency from the IRS proposing additional federal income tax for three tax years. The basis for the proposed assessment was alleged unreported income and disallowed Schedule C expenses. DeWitt Law represented the Taxpayer in U.S. Tax Court to challenge the Notice of Deficiency. The Court entered an order reversing the proposed assessments for two years and substantially reducing the remaining year to $2,478.
$271,770 Tax Assessment Reversed to $0
United States Tax Court – Taxpayer was audited by the IRS for tax year 2020. The IRS determined that the Taxpayer failed to report taxable income from the sale of his home, resulting in an additional tax assessment of $271,770. DeWitt Law represented the Taxpayer and challenged the assessment by filing a petition in U.S. Tax Court. The Court entered an order reversing the tax assessment.