A Tennessee tax attorney is a valuable resource to anyone who has state or federal tax issues. They can help you navigate the confusing tax laws and resolve your case quickly. They can assist you with filing your taxes, handling tax audits, and negotiating with the IRS for penalty abatement. In addition, they can help you find relief from liens and levies on your property. They can also help you file for bankruptcy if necessary.
State tax law covers a broad range of guidelines for residents, companies, and businesses. It includes sales and excise taxes. The state also collects business and occupation taxes, as well as estate, inheritance, and gift taxes. However, Tennessee is one of only a few states that does not levy an income tax on its residents. Instead, it relies on other sources of revenue, such as its sales tax and special excise taxes on items like cigarettes and liquor.
Many taxpayers are confused and overwhelmed when they receive an IRS notice. They may not understand how to respond or what their options are for resolving the issue. If you are facing an IRS bank levy or tax lien, it is important to contact a knowledgeable attorney right away. A Tennessee tax levy lawyer can explain your options and help you take the right steps to avoid additional penalties.
If you’re a small business owner, you must comply with all state and local tax regulations. This includes registering for and paying business tax, collecting and reporting sales tax, and keeping detailed financial records. If you don’t follow these requirements, the IRS can impose heavy fines and penalties. A Tennessee tax attorney can help you comply and keep your business running smoothly.
Besides state and city taxes, the Tennessee Department of Revenue collects business taxes on all businesses in the state. These taxes are used to support public services, such as schools, law enforcement, and state parks. If you’re a small business owner, it is important to understand how these taxes work and how they affect your bottom line. A Tennessee business tax lawyer can help you navigate the complex regulations.
The IRS is a powerful agency that can seize assets, such as your financial accounts and real estate, to collect unpaid taxes. Receiving an IRS notice, especially a Final Notice of Intent to Levy, is extremely frightening and requires prompt action. A Memphis levy attorney can help you understand your rights and legal options in the face of such an aggressive collection action.
When you hire a Tennessee levy lawyer, you can expect to be treated with respect and confidentiality. You can schedule meetings over the phone or online and communicate with your attorney from anywhere. This is an excellent way to save time and travel expenses while getting the tax help you need. You can even use a video conference call to get a more personal experience with your lawyer. It’s a great option for those who can’t afford to travel or aren’t able to take off from work to meet in person.