Getting in trouble with the IRS is a stressful situation. Whether you’re being audited by the IRS or you’re in tax debt, a qualified tax attorney or enrolled agent can help resolve your issue and get you back on track. Hiring a lawyer with experience in tax law is essential because they will have an in-depth understanding of regulations, deductions, and laws. They’ll also know how to negotiate with government entities and stop tax discrepancies from occurring.
If you have IRS tax debt, hiring the best Tax Debt Attorney in Tennessee can be a great way to reduce your stress and prevent further complications. Tax debts can have serious consequences, including wage garnishment and bank levies, so it’s important to get professional help right away.
Damiens Law is a law firm that offers comprehensive services for clients with tax-related issues. The team of lawyers and enrolled agents has extensive knowledge of federal and state laws, and they can help with various areas of taxation, including bankruptcy, business transactions, and real estate sales. They can even help clients resolve tax disputes and settle IRS liens.
Brock Shipe Klenk is a multi-practice law firm that serves clients in Knoxville, Tennessee. The firm provides assistance with federal income tax on real estate, federal taxes on mergers and acquisitions, and other complex matters. Its attorneys can also assist clients with estate planning and business litigation.
A Memphis tax debt lawyer can help clients deal with the IRS, preventing them from experiencing stress and anxiety. A lawyer can help clients file tax returns and negotiate an offer in compromise, a program that lets the IRS settle debt for less than what they owe. Moreover, they can file a petition for currently not collectible status, a measure that allows the IRS to temporarily delay collection efforts.
Hiring the best Tax Debt Attorney in Tennessee will ensure that your tax problems are resolved quickly and properly. An experienced attorney will be familiar with the intricacies of TN tax law and understand how to handle all aspects of a tax case, from filing to resolving disputes. They can even help with the appeals process if your claim is denied.
Although many people believe that bankruptcy can discharge unsecured debts, such as credit card debt, it cannot relieve the burden of delinquent IRS tax debt. However, it is possible to discharge certain types of tax debt through bankruptcy, such as employment and property taxes. To qualify, you must have filed your taxes on time and not committed a crime such as tax fraud or false returns. A tax lawyer can provide you with advice regarding the best course of action for your case. They can also help you determine if your tax debt is eligible for discharge through bankruptcy. A lawyer will also explain how to protect your assets and what other options are available for you. They may also recommend alternatives to bankruptcy. They may be able to recommend a financial counselor or a tax debt relief agency.