Streamlined Disclosure For Unreported Foreign Income & Bank Accounts
A U.S. taxpayer engaged DeWitt Law after discovering his prior CPA never told him about FBAR and U.S. foreign-income and tax reporting. The Taxpayer was worried, confused, and facing the risk of steep penalties. DeWitt Law quickly jumped in, mapped out a clear path using the IRS’s streamlined disclosure process, and handled everything—from organizing foreign account records to preparing the right filings—to get the Taxpayer into full compliance. Our team…
Proposed Federal Income Tax Liability Reduced to $0
Tampa, Florida – Taxpayer received IRS Notice CP2000 proposing additional federal income tax for tax year 2022. The basis for the proposed assessment was self-employment income reported by DoorDash that was never earned by the Taxpayer. DeWitt Law represented the Taxpayer before the IRS and challenged the proposed assessment. The IRS reversed the assessment in full to $0.
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…
Florida Sales Tax Assessment Reduced by 87%
Tampa, Florida – Taxpayer, an out-of-state business, was audited by the Florida Department of Revenue for not filing Florida sales and use tax returns for several years. The audit resulted in an additional tax assessment. DeWitt Law represented the Taxpayer and challenged the assessment by filing a Petition for an administrative hearing. DeWitt Law negotiated a settlement with the Department of Revenue lowering the assessment by over 87%.
$505,027 Tax Debt Settled for $24,593
Tampa, Florida – Represented taxpayer who owed the IRS over $505,027. Tax debt was reduced to $24,593 through an accepted offer in compromise.