It is crucial to know where you company stands with taxes for the upcoming year. Owing back taxes or even a significant tax bill can put an owner in a precarious position and really affect your cash flow. By working with a Tennessee Business Tax Settlement Attorney, you can simplify a complicated situation and work to reach the best solution for your tax settlement or appeal.
In some instances, and with an experienced attorney by your side, you may be able to negotiate an Offer in Compromise to resolve your back taxes. An Offer in Compromise is an agreement between you and the IRS settling a tax debt for less than the full amount owed. The offer program provides eligible taxpayers with a path toward paying off their tax debt and getting a fresh start.
Such a deal requires may be a good solution for a business, but does require an extensive amount documentation and paperwork. An experienced Tennessee Business Tax Settlement Attorney can explore your eligibility for this program and can help you take care of the paperwork.
Should you be ineligible for an offer in compromise, we can work to find a solution that works for your business. The IRS doesn’t want to cripple or destroy your businesses, so many times you can negotiate some sort of agreement that works for you and keeps you operating.
By having a Tennessee Tax Settlement Attorney advocate on your behalf, it may possible to satisfy this obligation while still keeping your business running smoothly.
Attorney Tab Burkhalter is also a Tennessee licensed CPA with an MBA in business management. Coupled with his real-world experience as CFO and controller of his own manufacturing and consulting businesses and other public and privately held Tennessee corporations, his background translates to insightful and sound advice on taxation, business and personal financial matters. Call today for a free consultation.