Articles

Facilitated Nearly $2.3 Million IRS Refund The taxpayer filed a claim for refund caused by carrying back substantial 2020 losses to 2015 under the CARES Act (part of the Covid relief), which allowed taxpayers to carry back net operating losses (NOL) for 2018 through 2020, for up to five years. A year passed after the taxpayer filed his tax refund c...

Represented Buyer in $6M Multistate Logistics Company Acquisition Richard represented the buyer of a $6 million logistics company with operations in multiple states. Our work included advising on the purchase agreement, assisting with financing, navigating income tax considerations, structuring purchase price allocation, and coordinating a Section ...

Advised on Trust Domestication & Ending California Tax Nexus Richard advises a second-generation high-net-worth client on domestication of trusts and the closure of California entities in order to eliminate California tax nexus on investment income. This restructuring significantly improved the client's long-term tax posture while maintaining a...

Formed Family Limited Partnership for High-Net-Worth Real Estate Client Created a family limited partnership for a high-net-worth real estate investor and established a management structure for property intended for sale to a homebuilder. This planning provided liability protection, tax efficiency, and long-term family governance for the client's r...

Closed Estate Administration Involving Real Estate, Business Assets & Debt Successfully closed a four-year dependent administration involving significant real estate holdings, financial assets, and the shutdown of a closely held business with outstanding debt. Our team navigated the probate court requirements, creditor issues, asset management, and...

Appeal Success: Trust Fund Recovery Penalty Avoided, Saving Client $171,000 Our client came to The Wilson Firm facing a proposed Trust Fund Recovery Penalty for unpaid employment taxes — a serious matter that would have personally assessed him more than $171,000. Our team prepared and submitted a comprehensive written appeal and engaged in detailed...

Withholding Issue Resolved — Tax Assessment Reduced from $86,000 to $650 Our client came to The Wilson Firm after receiving an $86,000 tax assessment due to issues with the reporting of his Form W-2 tax withholding. After a thorough review, we worked directly with the Taxpayer Advocate Service to ensure the IRS properly credited our client for his ...

Sales Tax Audit Appeal Results in $70,000 Penalty Reduction Our client engaged The Wilson Firm to represent them during an ongoing sales tax audit with the Texas Comptroller. Facing significant penalty assessments, we filed a Request for Redetermination Hearing to challenge the proposed penalties. Through strategic negotiation and detailed advocacy...

Successful Offer in Compromise Appeal Results in Over 90% Reduction in Liability Our client came to The Wilson Firm after the IRS denied his Offer in Compromise. He had already invested time and effort into the process, but the initial result left him facing a substantial tax liability. Our team stepped in to guide him through the Offer in Compromi...

How We Successfully Negotiated a Drastic Reduction in ESRP Penalties The Wilson Firm recently navigated a significant victory in Employer Shared Responsibility Payment (ESRP) penalty negotiation, dramatically reducing a client's ESRP penalty from $465,000 to just $9,000. In this case, The Wilson Firm adeptly demonstrated to the IRS that the company...

How We Successfully Defended Against IRS Worker Reclassification Claims The Wilson Firm's client was audited by the IRS regarding its payroll tax obligations from 2017 to 2021. The core issue was the classification of its workers: whether they should be considered employees or independent contractors. The Wilson Firm appealed the IRS's initial deci...