Tax Resolution Services
Every taxpayer who is faced with the burden of back taxes has their own story to tell. Some situations are complicated and difficult to understand, while other back taxes debts can easily to be traced to a single instance of error. Regardless of your particular financial situation, Internal Tax Resolution of Nashville can help you accurately identify the cause of the problem, establish a practical resolution plan, and even give you advice as to how you can avoid future back taxes problems. Our team is familiar with both state and federal back taxes regulations and has worked as tax lawyers and licensed CPAs for more than 25 years. We are ready to use our knowledge and experience to help you alleviate your tax debt with minimal hassle. Our services are available for both individuals and commercial customers throughout the state of Tennessee, so if you’ve found yourself dealing with back taxes, e-mail or call us today to avoid penalties and have your finances back in great shape in no time.
Tax Settlement Negotiations
Facing the tax authorities is downright intimidating, especially when you run the risk of having to pay steep penalties as a result of your back taxes issues. Don’t browse through page after page of legal mumbo jumbo trying to make sense out of your situation, or sit back and let the authorities drain your bank account. There are many routes available to taxpayers that could eliminate or lessen the blow of back tax payments. The team at Internal Tax Resolution of Nashville is available to examine your finances and recommend a tax settlement negotiation strategy that could prevent serious consequences, such as wage garnishment, and aid you in creating a personalized payment plan to help you pay back taxes without breaking the bank. In some cases, customers even pay pennies on the dollar for the total amount of back taxes owed. So don’t go it alone—call or e-mail our tax attorneys right away to learn which tax settlement strategy is the best fit for getting you on the road to financial recovery. From explaining your financial options to presenting your case to the authorities, you can count on us for effective, comprehensive service. Some of the tax resolution strategies we can assist with include:
Installment Agreements
Sometimes, it is simply not practical or possible to pay back the entirety of your back taxes in one large chunk. In these cases, your tax attorney can help you set up a personalized payment plan known as an installment agreement. This is a deal made between the taxpayer and the relevant authorities in which the powers that be agree to allow the taxpayer to gradually pay the amount owed on a predetermined schedule until the entire sum is received. The size of your installments and your payment schedule is dictated by factors such as your income and the overall amount of debt you have. Your tax attorney can help ensure that the tax officials accept your proposed installment agreement and help you take care of all pertinent paperwork.
In addition to easing the blow to your overall finances by spreading out your payments into manageable segments, installment agreements also help minimize the interest owed and limit penalties. To see if an installment agreement is a practical way for you to resolve your tax problem and to help ensure that your payment plan is accepted, e-mail or call us today.
Offers in Compromise
It sounds too good to be true, but the fact is that not all taxpayers end up having to pay back the total taxes that they owe. When a taxpayer meets certain criterion, the IRS may determine that asking for the entire amount to be repaid may be unfair or impractical. If you believe that one of the following situations applies to you, you may be a good candidate for a strategy known as an offer in compromise:
- There is some uncertainty regarding your responsibility for these tax debts.
- The balance of income and assets versus the back tax debt casts doubts on the taxpayer's ability to pay the total sum owed.
- Collecting all the back tax owed would cause financial hardship or other unfair circumstances.
The team at Internal Tax Resolution can examine your finances and determine whether or not the tax authorities are likely to accept your offer in compromise. If it is deemed that you are likely to be granted permission to use this tax resolution strategy, we will prepare your case and present it to the state or federal tax officials for approval. The details of offers in compromise differ depending on the recipient, but in some cases you may actually wind up paying less money than you originally owed. For more details on how offers in compromise can help you save money, or your eligibility, contact our tax lawyers now.
Penalty Abatement
Failing to pay your taxes can often result in a variety of serious penalties and snowballing interest that could make an already grim situation even worse. In fact, interest rates average around 4% per year, and penalties alone can account for nearly half of the total taxes that are owed. These statistics can be very discouraging, but there is an answer. Many taxpayers who have fallen behind can help lessen the blow of paying back taxes through penalty abatement. Our tax attorneys and accountants in Nashville can help you pay as little as possible in interest and penalties. By removing this added drain on your finances, we can aid in your back tax relief and stop the tax officials from breathing down your neck.
To quality for penalty abatement, the state or federal tax authorities must recognize a “reasonable cause” for your late or absent tax return. Some examples of such circumstances include:
- Death in the family
- Unavoidable absence (rehab, prison, etc.)
- Destroyed tax records (fire, flood, other disaster)
A well-presented case is more likely to be accepted as a valid reason for a delinquent tax status, so in order to make sure that your claim is approved, it is important to enlist the help of a tax law professional. The Internal Tax Resolution team has more than 25 years of experience and knows how to effectively communicate and negotiate with the tax authorities to win you the best outcome possible.
Innocent Spouse Relief Claims
There are various advantages to filing a tax return jointly with your spouse, but doing so places equal responsibility on both parties to pay the total amount of taxes that are owed. Filing together also means that any lapse or shortage in payment also falls on the shoulders of each spouse. This straightforward policy can become very complicated in the case of a divorce or separation, however. The IRS recognizes that sometimes it may be unfair to hold one spouse accountable for the others’ tax-related shortcomings. Innocent spouse relief was created in order to protect individuals whose partners garnered, without their knowledge, back tax debt through error or intentional deception. If you believe that you should be exempt from all or part of your spouse’s tax responsibilities, e-mail or call Internal Tax Resolution today. We can help determine if you quality for one of the three kinds of innocent spouse relief and submit your case to the authorities for review.
Wage Garnishment Relief
When a taxpayer owes money to the state or federal authorities, one common method of settling the debt is known as a wage levy, or wage garnishment. This action grants legal permission for the government to deduct a portion of money straight from your paycheck until the total amount of the debt is settled. For some, this loss of income can be devastating and can even interfere with their ability to pay bills and other necessary daily expenses. The team at Internal Tax Resolution of Nashville can help you avoid this situation by helping you apply for wage garnishment relief. This method allows you to settle with the authorities on an alternative tax resolution agreement that will work in your favor. For information on how wage garnishment relief works and for details on alternatives to wage levies, get in contact with our tax attorneys right now by e-mail or phone.
There is no one right path to back tax relief. Every customer and every situation calls for a different approach in order to have the debt settled in a timely fashion without causing additional stress on the taxpayer. No matter which strategy you choose, you can depend on Internal Tax Resolution to put our years of experience to work for you. We are committed to helping each and every customer achieve the best results possible and strive for 100% customer satisfaction. For accurate, effective workmanship from tax attorneys and CPAs who will go the extra mile to make sure that you’re comfortable with your back taxes resolution plan, contact us at your earliest convenience.
- tax resolution
- tax settlement
- tax penalty abatements
