HomeTax LawHow a Tax Attorney Can Protect Your Assets During an Audit

How a Tax Attorney Can Protect Your Assets During an Audit

A Tennessee tax attorney assists clients in handling their tax liabilities. This covers state tax returns, federal income tax returns, and municipal business tax returns, including excise, franchise, and sales taxes. A tax attorney also counsels clients on how to minimize tax payments and manage their taxes.

The Internal Revenue Service (IRS) is the government agency responsible for administering and enforcing federal tax laws. The IRS is part of the Department of the Treasury and performs a broad range of activities including taxpayer service and education, audit and collection of taxes, determining pension plan qualifications and granting exemptions and exclusions, providing tax-related advice and rulings, and handling tax disputes.

In addition, the IRS offers a variety of tax relief programs that can help individuals or businesses pay less than they owe. These include installment agreements, Offers in Compromise, and Trust Fund Recovery Penalty relief. Despite these programs, the IRS reports that over 18 million Americans owe taxes.

A Nashville tax lawyer can assist you if you have a disagreement with the IRS or are unclear about your tax responsibilities. A lawyer can help with collection concerns, appeals, audit representation, and tax planning. Additionally, a lawyer can represent you in negotiations with the IRS. The lawyer directory on FindLaw offers thorough details about nearby lawyers, including their practice areas and costs. You can use the directory to locate the ideal attorney for your particular requirements.

A Nashville tax attorney can help you with property taxes, estate planning, and tax disputes. They can help you avoid pitfalls by ensuring that your documents are accurate and up to date. Additionally, they can assist with resolving problems like wage garnishment, liens, and tax lien release. The best tax attorney in Tennessee will have extensive experience and expertise.

Damiens Law is a full-service tax firm that helps clients understand their rights and navigate complicated legal matters. The firm’s services include federal and state tax audits, tax litigation, and business and personal tax planning. Its team of lawyers have been recognized as Super Lawyers, a patented selection process that combines peer nominations and independent research.

Represented a client who was audited for federal tax year 2016. The IRS proposed additional tax, claiming that the Taxpayer earned hobby income from participation in the Memphis in May Barbecue Festival. Damiens Law successfully challenged the proposed assessment in U.S. Tax Court, arguing that the Taxpayer operated a trade or business and was entitled to ordinary and necessary business deductions. The court ruled in favor of the Taxpayer, reducing the tax liability by 90%.

In the Nashville area, Siegel & Callahan offers legal advice to individuals, families, and business owners with a concentration on property tax appeals. Regarding property tax assessments, denials of tax-exempt status, and other issues, the group of tax attorneys helps clients settle conflicts with municipal, state, and federal authorities. Their objective is to lower the property tax obligations of their clients. They have a track record of successfully defending the rights of their clients and getting positive outcomes.