Speak to a Tax Expert about Tennessee Tax Debt Relief. Contact us now!
What Happens When You Don’t Pay Federal & Tennessee State Tax?
Taxpayers, who fail to pay their taxes to the Tennessee Department of Revenue or the IRS, will continue to accrue interest on their unpaid tax debt. Next, more penalties and fines may be added to their tax bills. You should keep in mind that these penalties will continue to grow until your tax debt balance is paid in full. Next, the government may impose a tax levy against your property. When it does, you risk losing your jewelry collection, car, home, bank accounts, and other valuables that can be seized and sold to satisfy your tax debt.
It is also common for the government to report the taxpayer’s tax lien to an array of credit bureaus. Hence, a tax lien can damage the taxpayer’s credit score. If he or she wants or needs to obtain a new line of credit, they may have to go through an arduous application process.
How Tax Defense Partners Can Help Provide Tax Debt Relief in Tennessee
When you hire a Tennessee tax relief attorney from Tax Defense Partners, we can communicate directly with the government on your behalf. You do not need to entertain confusing letters from the government or sit through lengthy phone calls to get in touch with a government representative. Our tax relief experts will also help you avoid making mistakes that may cost you dearly. Our tax debt relief attorneys from Tennessee can guide you to the most appropriate solution for your tax problem.
Popular FAQs on Tennessee Tax Debt
Does the state tax authority allow taxpayers to pay what they owe via installments?
Yes, achieving an installment agreement is possible in most states. However, due to the complexity of taxation laws, some taxpayers may not dare to make the first move. It helps to have a tax attorney to assess your case and advise you on matters that the IRS usually doesn’t cover.
I’ve heard from someone that it’s possible to reduce my tax debt. Is it true?
Yes, it is possible to reduce an individual’s or corporate taxpayer’s tax debt legally. However, their eligibility for a certain tax debt relief option can only be confirmed when a Tennessee tax attorney is hired to conduct an in-depth assessment.
I can’t reduce my tax debt. What should I do? I feel so lost.
Are you sure that you are 100% responsible for the tax bill? In some cases, an ex-spouse may have forged the taxpayer’s name on their joint returns and refused to pay their share. You should consult a Tennessee tax relief attorney to determine if you can be absolved of any responsibility for these unpaid taxes.
Hire The Best Tax Debt Defense Team in Tennessee Today!
At Tax Defense Partners, we deal with the Tennessee Department of Revenue on a daily basis. We know what works and what doesn’t when it comes to negotiating with the state government on behalf of our Tennessee clients. Ready to start ridding yourself of your tax debt? Call us at 800-600-4300 today to get started!