Audit Involving Bank Deposit Analysis and Unreported Income
Settlement Reduced Deficiency by $12.9 Million
Successfully represented a food distribution company and its related entities in a complex administrative appeal. The case involved alleged unreported income, detailed bank deposit analyses, intercompany transactions, and net operating loss carryforwards. Negotiated a favorable settlement that reduced the proposed deficiency from over $13.5 million to under $600,000, excluding interest.