A Tennessee IRS Tax Settlement lawyer is a legal professional who specializes in handling state and federal tax problems for individuals and businesses. These types of cases often involve dealing with the Tennessee Department of Revenue and the Internal Revenue Service, both of which are responsible for different tax laws. Having an experienced attorney or tax pro on your side is the best way to resolve issues with either agency. They can help you understand the laws, handle any audits, and represent you in a court of law if necessary.
The IRS can assess various penalties against taxpayers when they fail to comply with tax laws. These include failure to file (when a return is late) and failure to pay (when a taxpayer owes back taxes). An experienced tax lawyer can assist with these issues, and they can also help you find a solution to the problem that works for you.
One option is to enter into an installment agreement with the IRS. An attorney can help you create a payment plan that fits your budget, and they can even negotiate with the IRS to reduce or waive any interest or penalty charges. A Memphis tax lawyer can also help you resolve a pending wage garnishment. This is when the IRS takes money from your paycheck to pay for the taxes you owe. It’s a good idea to work with a Memphis tax lawyer before this happens, as they can negotiate a payment plan that the IRS will accept.
Another option is an offer in compromise, or OIC. The IRS has a special program that allows taxpayers to settle their debt for less than what they actually owe. The tax lawyers at Damiens Law Firm, PLLC, can help you determine whether you are eligible for this type of relief. They can also assist with the application process, and they will work to ensure that your offer is accepted.
If you have a large amount of tax debt, an attorney can help you negotiate a settlement with the IRS that is fair to both parties. They can help you reach an agreement on a reasonable payment schedule and make your case for why the IRS should approve it. They can also help you appeal an IRS decision or assessment if you don’t agree with it.
If you are facing tax fraud or evasion charges, you will need the help of a Memphis tax lawyer to protect your rights and your assets. These charges are considered a white-collar crime, and they can impact your personal life as well as your business. A tax attorney can help you build a strong defense and get the charges against you dropped. They can also help you avoid prison time by proving that the charges were unwarranted. You may also be able to claim an innocent spouse exemption to avoid criminal prosecution. This can protect your children, your assets, and your reputation as a good citizen.
