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Steven Francis Schroeder

Steven Schroeder’s Legal Cases

7 total

  • Tax Court

    Practice Area:
    Tax
    Date:
    Oct 31, 1911
    Outcome:
    Decission in favor of taxpayer.
    Description:
    Client was denied mortgage interest at the time of audit. Filed suit against the Commissioner of Internal Revenue. Case settled with taxpayer being awarded mortgage interest on $1.1 million of mortgage indebtedness.
  • Offer in Compromise - $136,000 owed

    Practice Area:
    Tax
    Date:
    Aug 26, 2010
    Outcome:
    IRS accepted offer in amount of $15,000.
    Description:
    Taxpayer owed $136,000 for tax years 2003 through 2007. Taxpayer previously filed for bankruptcy in 2006. Submitted Offer in Compromise in 2008. Case settled for $15,000.
  • Application for Changed Assessment - Real Property Taxes

    Practice Area:
    Tax
    Date:
    Nov 04, 2010
    Outcome:
    Real property tax accessment reduced to $3.3 million.
    Description:
    Taxpayers real property was accessed by the county at $4.7 million. Taxpayers value for said property was $3.3 million. Filed application for changed assessment. Assessment Appeals Board found in favor of taxpayer.
  • Offer in Compromise - $228,242 owed

    Practice Area:
    Tax
    Date:
    Jan 09, 2011
    Outcome:
    Offer accepted in the amount of $38,467.
    Description:
    Submitted offer in compromise on behalf of client in 2008. At time of offer client owed approximtely $228,000 in back taxes. Settled offer in 2011 for $39,467.
  • Employment Tax National Research Project

    Practice Area:
    Tax
    Date:
    Jan 01, 2011
    Outcome:
    Taxpayer received only minor adjustments.
    Description:
    Taxpayer was 1 of 2000 businesses selected nationwide by the IRS for the Employment Tax National Research Project. The extensive audit covered compensation issues, employee and executive benefits, backup withholding and proper characterization of employees vs. independent contractors.
  • U.S. Tax Court

    Practice Area:
    Tax
    Date:
    Jan 01, 2010
    Outcome:
    Reduced Tax Liability over $300,000
    Description:
    Taxpayer was denied nearly $600,000 in business related expenses over a three year period. Taxpayer filed a petition in tax court arguing the reasonableness of the deductions.
  • IRS Audit of Real Estate Professional

    Practice Area:
    Tax
    Date:
    Jan 01, 2011
    Outcome:
    Client was found to be a real estate professional within the meaning of the code.
    Description:
    Client claimed to be a real estate professional on his jointly filed 1040, and claimed real estate losses in excess of $240,000. Upon audit the IRS denied clients standing as a real estate professional.