Case results

Representative outcomes.

Every result is a fact pattern, a process, and a measurable outcome. These summaries are condensed from the firm's closed engagements.

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Real-estate developmentCorporate income tax (Form 1120)Existing client

Real-estate development — Corporate income tax (Form 1120)

Situation

A real-estate development company under corporate income-tax examination, with the examining agent proposing a substantial adjustment to taxable income.

Exposure

Initial proposed income-tax liability of $1,799,000.

Work performed

D&J reconstructed and analyzed the underlying accounting records, documented the positions taken on the return, and carried the matter through appeal.

Resolution

Final liability of $27,530 following D&J's analysis and appeal.

Outcome reflects the specific records, tax years and positions in this engagement. Tax years, final assessment and any later adjustments are pending confirmation against the original engagement file.

Real-estate developmentCorporate income tax (Form 1120)Referral from an existing client

Real-estate development — Corporate income tax (Form 1120)

Situation

An examination handled first by the client's prior accountant and then by a downtown Chicago tax law firm, at roughly $48,000 in legal fees, before the client engaged D&J.

Exposure

Proposed taxable income adjustment of $1,407,319 per the prior examination.

Work performed

D&J re-examined the exam workpapers and the company's books, identified the items driving the proposed adjustment, and prepared the appeal position.

Resolution

Matter resolved at a $115,000 liability.

A second review does not always change an examination result. Amounts, tax years and permission to publish anonymously are pending confirmation against the engagement file.

Dentistry and developmentCorporate income tax (Form 1120)Referral from an existing client

Dentistry and development — Corporate income tax (Form 1120)

Situation

A practice-and-development ownership group whose examination had already been worked by a previous accountant.

Exposure

Initial proposed income-tax liability of $786,477.

Work performed

D&J analyzed the examination adjustments, then reviewed prior-year returns and identified additional errors that supported amended filings.

Resolution

Claim resolved to a $16,347 liability; amended prior-year returns supported a $160,000 refund claim.

Refund claims depend on open statute periods and IRS acceptance. Tax years and final disposition are pending confirmation against the engagement file.

ConstructionPayroll tax (Form 941) and worker classificationFour existing clients

Construction — Payroll tax (Form 941) and worker classification

Situation

Four construction firms examined after increases in owner payroll and the reclassification of subcontractors to employee status.

Exposure

Proposed payroll-tax increases of $281,533, $173,402, $59,152 and $35,623 across the four examinations.

Work performed

D&J documented the worker relationships, reconciled payroll records to the returns, and represented each firm through the examination.

Resolution

Final liabilities of $10,289, $0, $1,897 and $0 respectively.

Worker-classification outcomes turn heavily on the facts of each working relationship and the documentation available. Tax years and final assessments are pending confirmation against the engagement files.

Every tax matter depends on its own facts, records and tax periods. Past results do not guarantee future outcomes, and no reduction in a proposed liability or acceptance of any particular resolution can be promised.