Disallowed Mortgage Deduction
The IRS audited our client's 2005 individual income tax returns. During the audit, the IRS incorrectly disallowed the mortgage interest that our client paid for the 2005 tax year. Our client paid her tax liability in full and filed a claim for refund for the disallowed mortgage interest. The IRS disallowed her request. Our attorneys sued the United States Government in the United States Court of Federal Claims demanding a refund of the taxes that were overpaid. Before the matter went to trial, the IRS agreed to refund the taxes that were overpaid by our client, including all applicable interest.
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