Tax Court Representation – Petrova Law
Navigating the complexities of tax disputes requires specialized expertise and a strategic approach. Each step takes careful preparation and strategic planning. At Petrova Law, we guide clients through each phase, leveraging our U.S. Tax Court representation expertise to ensure the best possible outcome.
At Petrova Law, our expert attorneys, such as Allie Petrova, provide comprehensive Tax Court representation to businesses facing IRS challenges. We bring deep knowledge of federal tax laws, ensuring expert guidance throughout every stage of the Tax Court process.
How We Resolve IRS Disputes In Tax Court
At Petrova Law, we develop a strategic approach in each case to resolve IRS tax issues and maximize favorable outcomes for our clients through Tax Court representation.
After four rounds of negotiations, we negotiated an IRS Offer in Compromise for a restaurant business client, settling a federal tax debt of $506,749 for $116,000 (a 77% reduction of the original tax debt). We also helped a client reduce tax, penalties, and interest in IRS Audit Reconsideration, resulting in a refund of $121,187 on a high-net-worth individual return.
Our Tax Resolution Process:
- Initial Information Gathering: Our Tax Court attorneys assess the facts and records relevant to your case, including IRS Transcripts, tax returns, and financial data.
- Requesting Collection Hold: If the IRS has initiated or is about to start collection actions like bank levies or liens, we swiftly request a collection hold. Under the right circumstances, we can obtain a Collection Due Process (CDP) hearing to halt enforcement and collection.
- Case Analysis and Resolution Strategy: We analyze IRS data and documents, identify errors, and develop tailored strategies, including Offers in Compromise, Installment Agreements, or Tax Court litigation. We also explore Appeals for efficient resolution before commencing Tax Court litigation.
Why Choose Petrova Law To Represent You In Tax Court
Partnering with Petrova Law gives you access to a team of highly skilled attorneys who focus exclusively on tax and business law. Our attorneys possess advanced tax law training and experience in U.S. Tax Court representation and are dedicated to strategic legal planning. We focus on Tax Law 360 with tax planning on the frontend and tax defense on the backend.
We offer full-scope legal services typically found at larger firms combined with the personalized attention and cost-effectiveness that businesses appreciate. We stay at the forefront of legal developments. We contribute actively and consistently to the Tax Section of the ABA and other professional organizations. We regularly advise clients on complex tax issues. As a boutique firm, we offer personalized services and high-end expertise, providing tailored and impactful tax strategies. We have addressed hundreds of client-specific tax needs including:
Client success stories:
- Tax Court Representation Success: Reduced the contested income tax liability to less than 8% of the original tax debt amount.
- IRS Offer in Compromise: Negotiated a settlement reducing a $506,749 federal tax debt to $116,000 (77% reduction of original tax debt).
- NCDOR Sales and Use Tax Audit: Minimized tax assessed during a six-year audit of a healthcare company.
- Foreign Asset and Bank Account Disclosures: Helped a client resolve issues with unreported foreign assets and foreign bank accounts, ensuring compliance with IRS regulations.
Read more about how we have supported clients with Tax Court representation.
Get Help From The Tax Court Representatives At Petrova Law
We represent diverse tax clients, including investors, self-employed, and small and mid-size businesses. Trust Petrova Law to handle your U.S. Tax Court representation with expertise and dedication. Connect with our legal team today at (336) 310-1210 for a free case evaluation, or contact us online.
This is good, not sure why you removed. I added it as relevant. The one without clear basis and that needed removal is this: Tax Court Petition Success: Filed a petition saving a client over $186,000 from an IRS claim of unreported income.
We can help you evaluate your chances of success in Tax Court. While you can represent yourself in the Tax Court, on a pro se basis, having legal representation significantly improves your chances of success.If you lose, your case in Tax Court, potential liabilities include additional taxes, penalties, and interest.
Businesses that have leveraged Inflation Reduction Act tax credits have the best chances to prevail by demonstrating a strong tax position and compliance. Proper documentation can significantly impact the court’s decision, and expert representation ensures all credits are adequately defended.
Recent IRS enforcement trends target high-income earners, large corporations, and complex partnerships. With Inflation Reduction Act funding, the IRS uses advanced technology and AI to identify tax avoidance schemes and enhance audit targeting.
Tax Court is typically the last step in defending a tax position in a dispute with the IRS. The process involves filing a petition, presenting evidence, and negotiating settlements. An experienced attorney can guide you through each stage, help prepare your case, and improve your chances of securing a favorable outcome.
You can resolve your dispute with the IRS before and during Tax Court litigation. Pre-litigation settlements may eliminate the need to file a petition in Tax Court and lead to more favorable terms. Settling with the IRS during litigation can help avoid the uncertainty and costs of a trial. Our attorneys guide you through every step of the settlement process.
When dealing with the 90-day deadline for filing a Tax Court petition, you must ensure the IRS has your most up-to-date address. The 90-day period starts from the date listed on the IRS Notice of Deficiency, not when it is received. If you are outside the U.S. when the Notice of Deficiency is mailed to you, you have 150 days to file a Tax Court petition. This deadline is strict – if missed, your case will be dismissed. To avoid this, act quickly. Missing the deadline may leave you with the option of paying the tax in full and suing for a refund in another federal court. If the IRS sends this notice to an outdated address, you risk missing the deadline, which can result in your case being dismissed. Filing Form 8822 (Change of Address) ensures you receive critical IRS correspondence promptly. For more information, you can visit the IRS website.