What If You Must Go To Tax Court? - Tax Lawyer

What if you must go to Tax Court? After an IRS audit, you went to the IRS Appeals Division but did not receive an offer that was attractive based on the strength of your matter. Assume the corporation loaned you $1000000, which the IRS auditor proposed to treat as compensation to you, and the Appeals Officer offers a deal meaning you must include $800000 as compensation. Should you continue to fight to the United States Tax Court? The Tax Court exists so taxpayers can continue to fight without paying the tax. Each of the 19 judges was previously a tax lawyer and serves a 15 year term. The IRS wins about 90% of the Tax Court cases. However, that's because taxpayers represent themselves in about 90% of the cases. When taxpayers are represented by counsel, taxpayers have a much higher winning percentage. It costs only $60 to file a petition in Tax Court. The cost to try the case in which factual disputes are few, might be as little as $50000. In the matter involving the disputed loan, because there must be witnesses, the cost would be more like $100000, which, with $400000 of tax at risk, not to mention interest and penalties, might be a very good investment. The Law Offices of Givner & Kaye, APC. (310) 207-8008



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