Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
OUTCOME: Favorable Reduction of Liability to Taxpayer
United States Tax Court Case = Substantial Reduction in liability claimed by the internal revenue service by an executive of a real estate company.
OUTCOME: "No Change" for the taxpayer
Basis issue with regard to stocks transferred between stock brokerages.
OUTCOME: Approved Offer in Compromise
Received approval from IRS to lower clients tax bill in an Offer in Compromise by approximately $400,000 on a $650,000 tax liability with the taxes to be paid over 24 installments.
OUTCOME: IRS conceded that activty was active and taxpayer had basis for his losses.
Represented Taxpayer in United States Tax Court case whereby the government alleged that the taxpayer was a passive rather than active investor and that he did not have basis to take losses over numero ... us years for his entity.
OUTCOME: Case was settled reducing the liability to a fraction of what the auditor claimed was due.
Represented client in case where IRS alleged the client provided no supporting documentation for cost of sales and numerous expense items when they were audited. Petition was filed in the United State ... s Tax Court taking the position that these documents were provided, but they were not reviewed at the audit level.
OUTCOME: First and Second Trust Deed Holder Agreed to do the Short Sale.
Client had a property with a first and second trust deed that could not be paid in full upon the sale of the property to an outside third party. I negotiated the short pay, determined the tax implicat ... ions of the sale, and negotiated the possible deficiency away.
OUTCOME: Held for Petitioner (Our Client)
Our client was initially held liable for approximately $400,000 of Sales Tax Liability in a Tax Controversy matter almost 8 years after he left the employment of his company as the Chief Financial Offi ... cer. We appealed the case citing why, even though our client was a responsible party, he did not have control of the funds and could not direct their payment.
OUTCOME: Reduced Tax Liability over $2,000,000
Client was assessed a tax liability of over $2,000,000 for various real estate development transactions. The tax liability was eventually reduced over $2,000,000 at the United States Tax Court.
OUTCOME: Obtained in excess of $400,000 refund
Carried back a net operating loss for a client and they received a refund in excess of a $400,000.
OUTCOME: Client received a "No Change" (zero adjustment)
Client was audited by the IRS and was issued a 30 day letter for $40,000 in taxes, interest, and penalties. We represented the client and eventually received a "no change" result for the matter.
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