Role of Tax Lawyers in Mitigating Tax Debts and Liabilities

The role of tax attorneys is to protect the rights of taxpayers. They represent taxpayers or tax payers who have been assessed with excess property tax fees or tax liens. They attempt to mitigate the tax liability by negotiating with the taxing authority. If an offer is not accepted, they engage in full service as legal counsel representing taxpayers on appeal and filing of all appropriate legal documents. They have the experience and knowledge to ensure that the taxpayers’ rights are protected.

 

Tennessee IRS audit lawyerThe property tax rates in Tennessee are based on a formula used by the state Board of Equalization. This formula is publicized and is used to calculate property tax rates at the municipality level. When a taxpayer has issues with excess tax payments or tax lien certificates, they can go to an attorney to seek a solution. Tax attorneys in Tennessee represent a broad range of clients with different types of tax problems. They deal with estate taxes, income taxes, disability insurance premiums, property tax and many other types of taxes. They work exclusively through tax attorneys in Tennessee.

Property tax attorneys in Tennessee represent clients whose taxes are in question because of erroneous assessment or non-recognition of tax claims. The most common cases involve property valuation error, property tax non-recognition, assessment non-response and audit fraud. They also represent clients involved with foreclosure, IRS recovery, mortgage foreclosure and commercial property tax fraud. When these cases occur, tax attorneys must act on behalf of the client. They must obtain all required court filings and process all associated actions in order to fully defend their client’s rights.

Many tax fraud defense professionals work with co-counsel or the same lawyer on several tax lawsuits or actions. In this way, they have experience in working together. Many tax fraud defense attorneys in Tennessee are former state district attorneys. They may have experience in prosecuting tax fraud cases. The more prestigious tax fraud defense attorney law firms in Tennessee typically have more than 30 years of experience in practicing law. With experience in the courtroom and working with prosecutors and judges, they are well-trained and well-versed in local tax laws.

A tax lien is a lien against a property for the delinquent tax amount. Some states allow counties to issue these tax liens to tax collectors. These tax liens prevent the owner of the property from collecting mortgage payments from borrowers until the tax delinquency has been paid in full. These tax lien certificates usually have a term of five years.

Whenever these tax lien certificates become unpaid, the county recorder issues an arrest warrant for the tax delinquent property owner. This warrant provides notice that any tax delinquent sale of the property will be immediately stopped and all collection activities halted. The tax sale is conducted under auction in order to satisfy outstanding tax debts.

The tax collector will visit the property and serve a tax notice. If the owner does not pick up the notice or fails to appear at the scheduled hearing date, then the tax delinquent will be levied a penalty fine, along with legal fees and costs. The tax collector may also repossess the property if it does not meet the requirements for tax ownership. If the property is resold at an auction, the new owners pay all outstanding taxes on that property.

Property taxes are collected by many governmental agencies throughout Tennessee, explained a Tennessee tax lien attorney. There are also special sales within the county that enable real estate investors to take advantage of tax sales and earn profits from property tax sales. The tax rate varies from one region to another. It is important to consult a tax expert who is knowledgeable in the particular jurisdiction in which you live to assess your tax obligation.

How to negotiate with tax lawyers

Tax debt refers to inability to pay taxes as stipulated by law to the government. Tax debt relief is a method put in place to reduce or eradicate tax debts owed by taxpayers. Tax attorneys are the experts who have the necessary expertise and are best placed to give a legally founded advice on tax debt relief. Their expertise helps them offer a wide range of services than other professional services. They know the tax codes, laws, and know how to deal with various problems that may arise while settling a tax debt.

 

According to Raleigh Tax Attorney Tax debt attorneys are specialized in representing a taxpayer whose tax liabilities have become too large for him to pay without any outside help. It is the job of a tax debt attorney to analyze a taxpayer’s financial condition to determine if there is any way to settle the tax bills. Taxpayers have to be prepared to face the consequences of their actions. Taxation laws are very complex and changing with the passage of time. As a taxpayer you need to be informed and proactive to abide by the new rules and regulations and be liable to pay your taxes.

 

Taxation laws change often and a taxpayer needs to be aware of them. When the IRS finds out that you have not paid your taxes, it takes drastic actions like making you undergo criminal charges, levies, and many more. If you hire a tax debt attorney, he will be better equipped to deal with the IRS officials. He will know how to handle the situation right from beginning to end. He will also have experience dealing with the penalties that the IRS will levy on you.

 

There are different types of levies, the IRS can impose. Among them are: Installment Agreements, Currently Not Collectible Income Tax Debts, Currently Collectible Income Tax Debts That Can Be Discharged, Income Tax Debt, Certain Un administrable Income Tax Debts and So on. The tax debt attorney can negotiate with the IRS to have you settle for one of these tax debts that can be discharged. Taxpayers need not pay the due amount. He can get you a dischargeable income tax debt that will help you pay your dues immediately.

 

When the IRS issues a notice of levy, a taxpayer has only two options – he can file for an appeal or face the penalties. A tax debt attorney can help you with the penalties you need to face when you fail to settle your tax debts. These include interest, penalty and fees. The fees, the IRS will levy on you are called administrative fines which need not be paid.

 

It is advisable not to negotiate with the IRS alone. Hire a tax debt attorney to assist you in the negotiations. Negotiating with the IRS alone may lead to back taxes or penalties that may lead to jail time. Hire a professional to help you settle your tax debts and avoid penalties.