You aren’t alone if you’re dealing with tax problems such as unpaid taxes, unfiled tax returns, tax liens, or a bank levy. Many Memphis taxpayers seek tax relief because they owe back taxes for the first time, or their tax debt is growing, and they don’t know how to deal with their tax issues.
When you miss filing a tax refund or have an unpaid debt, it’s hard not to believe that the likely outcome of your situation involves you going to jail. However, while jail is possible for severe tax code violations, most people will face lesser consequences like wage garnishment, having their bank accounts levied, or having an IRS tax lien placed on their property.
An IRS Tax Lien or Other Issues Can Happen to Anyone
It’s easy to end up with tax debt, and even the most diligent taxpayers can find themselves tangled up with the IRS. Ask Memphis tax debt lawyers what their typical client is like, and they won’t be able to answer because individuals from all walks of life end up seeking tax relief.
Whether you made an error while filing your business taxes or couldn’t pay the total amount of your tax liability and chose not to file, you can benefit from working with a tax attorney to resolve your tax issue. Since a minor tax issue can rapidly snowball into a financial disaster, you’ll want to contact tax debt attorneys as soon as possible.
Do I Need a Memphis Tax Debt Lawyer to Seek IRS Tax Debt Relief?
While you can talk to the IRS independently to deal with your federal tax problems, your odds of successfully resolving your issue are low. Hiring a tax attorney to deal with the IRS increases your chance of having a favorable outcome, as your attorney will be familiar with federal and TN tax laws.
A Tax Debt Attorney in Memphis Will Provide You With Options
Your Memphis tax debt attorney will be able to communicate with the IRS about your situation, preventing you from experiencing the stress of dealing with the Internal Revenue Service directly. In addition, depending on your particular situation, your tax attorney may negotiate a payment plan for back taxes or prove you are financially incapable of paying your tax debt and seek currently not collectible status.
Another option they may pursue on your behalf is an offer in compromise, a tax relief method where the IRS settles with you for less than you owe. Understanding the tax laws that dictate whether you are eligible for various tax resolution options is challenging for the average taxpayer since they aren’t familiar with the nuance of TN tax law. Working with a Memphis tax debt attorney is the best way to ensure you don’t miss out on a tax relief option that could benefit your situation.
Tax Resolution Services in Memphis, Tennessee
Regardless of whether you’re facing tax liens, filing overdue tax returns, or trying to secure a reasonable schedule for your tax payments, a tax resolution attorney can help. Legal representation will make your tax problem much more manageable and eliminate much of the stress associated with dealing with the IRS.
If you want to work with an experienced tax debt lawyer in Memphis who will defend you against the IRS and help you create a plan for addressing your tax debt, our team would love to speak with you. Call Damiens Law Firm, PLLC, at (601) 957-9672 to discuss tax resolution options today.