If you are facing tax issues with the IRS or the Tennessee Department of Revenue (DOR), it is critical to work with a qualified and experienced lawyer. Tennessee residents face complex state and federal tax laws. While the DOR handles state taxes, the IRS oversees federal tax law. It is common for individuals to have issues with both agencies at the same time. Having an experienced attorney to guide you through your Tennessee tax matters can help ease the stress and confusion that arises from dealing with these issues.
Tax Attorneys in Tennessee
A tax attorney can help you resolve back taxes, liens, wage garnishment and other tax controversies with the IRS or the DOR. These professionals can assist you in negotiating various resolutions such as an offer in compromise, payment plan, levy or lien release and penalty abatement. Tax attorneys have an in-depth understanding of both federal and Tennessee tax law, which can help them represent you more effectively.
The IRS has a three-year statute of limitations to collect on unpaid tax debt. However, it is still a good idea to consult with a tax attorney as soon as you receive notice of a possible audit, as the earlier you act, the better. Anderson Bradshaw can help you navigate your audit process from start to finish so you can get the best possible outcome from the experience.
Dealing with Wage Garnishment
It is vital to work with a Memphis tax attorney if you have already received notice that the IRS intends to garnish your wages. This is an extremely stressful situation to be in, and it’s important to seek assistance as quickly as possible. Fortunately, a Memphis tax attorney can negotiate with the IRS to stop wage garnishment.
An Offer in Compromise
You may qualify to settle your tax debt with the IRS through an offer in compromise if you can prove that paying your outstanding balance would create a financial hardship for you. The IRS will assess your ability to pay by looking at your income, expenses, and asset equity. If you’re interested in learning more about this option, speak with a Memphis offer in compromise attorney at Damiens Law today to see if you are eligible.
Trust Fund Penalty Investigations
As a business owner, you must ensure that you are compliant with all payroll tax requirements, including filing and paying the correct amount of taxes. A mistake in this area can result in significant penalties. DeWitt Law can represent you in a Trust Fund Recovery Penalty assessment investigation to prevent the agency from imposing these penalties. This type of case involves a serious violation of the tax code and requires a thorough analysis of the facts and law to protect your rights.
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