If facing an IRS audit makes you uncomfortable, you aren’t the only one. Since IRS tax laws are constantly changing, it’s unnervingly easy to make an innocent tax preparation mistake that gets you noticed by the Internal Revenue Service.
If you’re like most business owners in Memphis, TN, you do your best to file your tax return correctly and pay your tax liability promptly. But, unfortunately, sometimes life can get chaotic, and before you know it, you may find yourself with unpaid taxes or unfiled tax returns. Since you know your IRS tax obligations won’t go away on their own, you may wonder who you should contact in Memphis for help.
Memphis, TN, Tax Attorneys Will Ease Your Stress
The last thing you want to do is receive IRS tax penalties or face tax evasion charges, which means you’ll want to hire a Memphis audit attorney as soon as the IRS shows interest in your business taxes. Your Memphis tax audit attorney will be an asset to you during this stressful time, as they will negotiate with the IRS, request payment plans for your tax debt, and provide you with legal representation if the IRS tries to bring criminal charges against you.
Don’t trust your IRS tax troubles to any Memphis tax lawyer. Instead, work with attorneys who have devoted their careers to understanding IRS tax law and are proud to serve Memphis, TN, and the surrounding communities.
A Memphis Tax Audit Attorney Who Fights For You
At Damiens Law Firm, PLLC, we do everything we can to help clients find practical tax resolution options. By offering audit representation, resolving tax liens, and halting wage garnishment, our attorneys help individuals in Memphis, TN, and the surrounding areas find a solution to their tax struggles. Working with a Memphis tax attorney will give you peace of mind that your IRS tax issues are in capable hands.
Make Connections
Attorneys whose legal services focus on helping taxpayers manage audits and find tax relief can recommend trustworthy Memphis tax professionals, such as a CPA offering a free consultation to new clients. Taking advantage of your attorneys’ referrals allows you to plan for the future, and scheduling a free consultation with a potential CPA ensures they’re a good fit for your needs before committing.
What Is an IRS Tax Audit?
An IRS audit is an investigation and review of a business or individual’s finances. The financial information will be compared to the information submitted on the audited party’s tax return.
Auditors will be looking to see if the taxpayer gave the IRS the money they owe and if there are any discrepancies between the filed return and the taxpayer’s financial information. If your Memphis, TN, business is facing an audit, or you’ve been selected for one in your personal life, an attorney can help.
What Happens If You Get an Audit?
No one wants to receive an audit notice, and even the most diligent taxpayers in Memphis, TN, may find it challenging not to imagine worst-case scenarios. Audits can bring tax problems into the light and bare any errors in your tax preparation process.
You can expect the auditor to request documentation for expenses and deductions you claimed since many people attempt to lower their tax liability by manipulating business write-offs. Any tax issue you’ve had in the past few years will be found during the process, so you’ll want to be forthcoming with the Memphis, TN, attorney you hire to represent you.
Immediately after receiving an audit notice, you’ll want to schedule a consultation with a Memphis IRS tax audit attorney. Speaking with the IRS agent without the guidance of an attorney in Memphis familiar with the audit process could go poorly. If you say something wrong, you could inadvertently incriminate yourself in tax issues such as multiple unfiled tax returns or writing off illegitimate business expenses.
Audit Types
How intense your audit experience will be is determined by how the Internal Revenue Service is completing your audit. Tax audits are done either through the mail or in-person, and in-person audits may occur “in the field,” which means at your workplace, or “in-office,” which means you meet with the auditor at their office.
If you have been chosen for auditing, you will receive an audit notice informing you of your selection and whether your audit will be in-person or via mail. Although you’ll benefit from hiring a Memphis tax audit lawyer to handle any audit, undertaking an in-person audit without legal support is especially ill-advised.
In-Field and In-Office Audits
Audits that take place at your workplace, whether it’s in Memphis, TN, or elsewhere, are the most thorough audits. The IRS employee will be pouring over every aspect of your taxes, searching for red flags such as owed back taxes, missed tax filings, failure to comply with Tennessee tax laws for businesses, and suspicious-looking deductions.
However, avoid falling into the trap of thinking that you don’t need the service of a Memphis tax audit attorney just because the auditor isn’t coming to your business. In-person audits conducted outside your business will still be in-depth, and you’ll need to work with a tax attorney in Memphis, TN, to ensure your paperwork is correct and that you have a plan in place for addressing any tax problems the auditor will find.
Through Mail Audits
Mail audits are less intense than in-person ones, but you can still benefit from having audit representation. Since an audit conducted via mail will require you to send in paperwork and possibly money if you set up a payment plan, having a Memphis, TN, IRS tax audit lawyer on your side can streamline the process.
Working with Memphis tax audit lawyers prevents you from accidentally sending the wrong paperwork, which can slow the audit process and place you under closer scrutiny from the IRS.
Receive Audit Representation From a Tennessee Tax Attorney
If you’re like most individuals in Memphis, TN, the taxes you filed years ago don’t ever cross your mind. However, if you’re faced with an audit, you may suddenly find yourself worried that the IRS may say you owe the government money from improperly prepared taxes or that you will be facing penalties because you are behind on paying off your tax debt. Memphis tax professionals can offer you the support and guidance you need to protect your financial future.
Tennessee tax attorneys can represent you during your IRS audit and help you find a tax resolution if the auditor discovers you owe money for prior errors. You’ll want to ensure you only trust your tax audit to Memphis lawyers capable of negotiating effectively with the IRS and the Tennessee Department of Revenue on your behalf.
Tax Resolution in Memphis, TN
Your Memphis IRS tax audit lawyer can help you find IRS tax relief when dealing with various situations. At Damiens Law Firm, PLLC, our Tennessee tax lawyers help clients resolve the following concerns with the IRS:
- IRS tax levy
- IRS tax lien
- IRS wage garnishment
- Excessive tax debt
- IRS tax penalties
- Penalty abatement
- Tax preparation penalties
- IRS tax audits
Can the IRS Take My Assets?
Many individuals are under the impression that if they dodge the IRS, they can avoid paying their tax debt. However, there are multiple ways the IRS can pursue the money they are owed.
If you owe the IRS tax payments, the best thing to do is contact Memphis, TN, tax lawyers to establish a tax settlement plan. When your tax audit lawyer negotiates a tax settlement with the IRS, you can minimize your chances of being saddled with fines.
Through an IRS Tax Levy
When the IRS levies your bank account, they temporarily hold your funds, preventing you from accessing your account. After 21 days, the bank will send the funds you owe to the IRS directly to them.
The only way to release an IRS tax levy is by reaching a tax resolution that the IRS accepts. Tax audit attorneys in Memphis can help you craft a payment plan to pay off your tax debt or negotiate a tax settlement with the IRS.
Through an IRS Tax Lien
Tax liens are a claim against your assets or property when you fail to pay your IRS tax debt. The IRS has a strong interest in collecting funds owed to them and will not hesitate to place a tax lien on your property in Memphis, TN, or elsewhere if you don’t reach a tax resolution with them.
You’ll want to work with a Memphis tax audit lawyer to reach an agreement with the IRS and have your tax lien removed. If you don’t attempt to repay the back tax you owe, the IRS tax lien allows the IRS to seize your property or assets.
Through IRS Wage Garnishment
Ignore the IRS long enough, and they’ll come for your paycheck. Wage garnishment occurs when your IRS tax obligation is taken directly from your paycheck, leaving you no choice but to pay your debt. Reaching a tax settlement with the IRS can keep you from facing wage garnishment, but you’ll need to be proactive about working with a Memphis, TN, lawyer to accomplish this feat.
Experiencing IRS wage garnishment can significantly impact your quality of life since you may find the amount of money left in your paycheck after the IRS tax obligation has been pulled isn’t enough to live comfortably in Memphis, TN. Attorneys specializing in IRS tax law can help you negotiate a tax settlement so that your Memphis lifestyle is minimally altered.
A Tax Audit Lawyer in Memphis Can Help
A skilled tax audit lawyer in Memphis can help you deal with any problems that arise when navigating state and IRS taxes. While you may be tempted by enrolled agents who offer new clients a free consultation to discuss their taxes, when you’re struggling with a tax issue, stressing over a tax lien, trying to secure a tax settlement, or facing a tax audit, you want an experienced Memphis tax audit lawyer on your team.
Contact a Memphis Tax Attorney Today
For almost a decade, the Memphis tax audit lawyers at Damiens Law Firm, PLLC, have been helping hardworking individuals find the tax resolution options they need. From representing you during an IRS audit to helping negotiate a tax settlement that works with your financial situation, our team of attorneys in Memphis, TN, is ready to help.
Working exclusively in tax law, our attorneys have experience communicating with the IRS to find a solution that serves the taxpayer. Our Memphis, TN, attorneys are tax relief experts and will do everything within the scope of the law to find the best settlement option for your tax case.
Don’t let wage garnishment damage your quality of life or live in fear of back taxes catching up with you. Instead, contact our experienced Memphis tax lawyers at Damiens Law Firm, PLLC, by calling (601) 957-9672 today.