Situation: The IRS questioned the foreign withholding reported on an individual’s tax return, putting a substantial refund at risk. Solution: Our team reviewed transaction records, assembled supporting evidence, and represented the taxpayer in discussions with the IRS. Impact: We substantiated the withholding and helped the client obtain a refund exceeding $600,000.
Situation: An individual faced an IRS balance exceeding $300,000 after an IRA distribution had been incorrectly treated as an early withdrawal. Solution: Tronconi Segarra & Associates reviewed the transaction, prepared supporting documentation, and represented the taxpayer in resolving the matter with the IRS. Impact: The client’s liability was reduced from more than $300,000 to only […]