The IRS is a federal agency that taxes its citizens and businesses. When the government fails to receive its tax payments, it can begin collecting debt through various means, including wage garnishment, property liens and bank levies. Those in need of IRS tax debt relief can hire a professional to negotiate with the agency. Some companies claim to help clients resolve their tax issues, but there are many factors to consider before selecting an attorney. The best way to determine the best IRS Tax Settlement Lawyer in Tennessee is to review an attorney’s credentials and experience.
Finding a TN IRS Tax Debt Resolution Attorney
Hiring an experienced Nashville tax debt attorney is a great way to minimize the stress that comes with an unpaid IRS balance. These professionals have years of experience working with the IRS and can offer guidance on a wide range of tax-related topics. They can also handle any complexities that arise during the settlement process.
A tax debt attorney can help a client establish a payment plan for an outstanding balance, which is then submitted to the IRS for approval. They can also assist with obtaining a reduced penalty for an IRS levy or a full release of a tax lien.
They can also help a taxpayer qualify for an Offer in Compromise (OIC), which is a tax relief option that validates the total amount of tax, penalties and interest owed. The OIC can be granted for one or more tax years and is often based on a person’s ability to pay.
Knoxville Tax Law represents individuals, families and small business owners in matters involving tax disputes with the Internal Revenue Service. They can represent clients in proceedings with the agency regarding personal income, corporate, estate and gift, employment, and excise taxes. They can also advocate for clients in appeals and before the U.S. Tax Court. The firm also offers business consulting services, such as tailoring partnership agreements that protect against adverse gift tax consequences and constructing legal structures for new businesses that take tax interests into account.
Those who live in Memphis may have difficulty dealing with the IRS due to the high levels of tax debt they are carrying. They can hire an enrolled agent, CPA or tax attorney to assist them. These specialists can help them find a tax resolution that meets their needs and allows them to maintain a quality of life. They can also help them deal with a tax lien that has been placed on their property. In some cases, these experts can help a client avoid paying back taxes by filing a fraudulent return. They can also assist a client in claiming innocent spouse relief, which can lower the amount of tax they owe. In some cases, they can even make the IRS forgive their entire debt. They can also help a client settle with the IRS over a disputed tax liability. This is a great solution for those who can’t afford to pay their entire tax bill.