Having a Nashville tax attorney on your side is essential whether you are dealing with an IRS or Tennessee Department of Revenue audit, need assistance filing your tax returns, need to resolve a tax debt dispute, or want guidance on personal and company tax strategy. These lawyers can act as a link between you and the relevant government bodies and have years of expertise dealing with tax-related matters.
They can also help you understand your tax obligations, including any exemptions or credits available to you. They can even assist you in navigating local tax incentives, such as business development grants or reduced property taxes. They can also provide guidance on estate planning, including how to minimize tax liability upon death.
One of the most common issues that can lead to a tax dispute is a mathematical error on a return. This can cause the IRS to flag your return for further examination, leading to an investigation of possible fraud or evasion. In some cases, you may be able to resolve the issue by filing an appeal with the IRS.
In other cases, you might be able to settle your tax debt through an offer in compromise. This is a way to pay less than you owe in exchange for a waiver of penalties and interest. A Nashville tax attorney can help you determine if you are eligible for this option.
The deliberate failure to pay taxes, whether through the filing of false returns or another tax-related offence, is known as tax evasion. If the IRS believes you have engaged in tax evasion, you may be charged with serious crimes and have your assets seized. A Nashville tax attorney can help you avoid criminal conduct, prepare and file appropriate taxes, and help you deal with the criminal justice system if you are prosecuted.
The Law Offices of Charles R. Frazier handles business and individual tax matters for clients in the Nashville area. This includes IRS and state Department of Revenue tax audits, collection proceedings, and negotiations regarding installment agreements, innocent spouse relief, trust fund recovery penalty, and offers in compromise.
A tax attorney can also help you negotiate with the IRS when you owe more than you can afford to pay. They can help you establish payment capacity by examining your net worth and income. If you can prove that paying the full amount of your debt would be an undue hardship, the IRS will likely agree to a settlement.
By examining legal and accounting matters and applying them to particular circumstances, Shannon Walker Law helps people and companies reduce their tax obligations. They may offer you advice on how to set up your company to minimize taxes while still adhering to state and federal regulations. They can also check estates and trusts to make sure they comply with tax regulations. They can also help you negotiate business contracts and set up capital financing. Together, they have more than 20 years of expertise.