When a business owes back taxes or finds itself with a substantial tax bill, it can put an owner in a precarious position. They may need money to pay operating expenses to keep the business afloat, but they also understand that they could potentially have their business seized by the government to satisfy unpaid taxes. A Tennessee Business Tax Settlement Attorney can assist with this complicated situation and fight to achieve the best outcome possible for your tax settlement or appeal.
With an experienced lawyer at your side, it may be possible to negotiate an Offer in Compromise for your business. This requires an extensive amount of documentation and paperwork, which an attorney can help with. If your business is not eligible for an Offer in Compromise, it may still be possible to negotiate a lower amount or, at the very least, negotiate an extension to give a business owner a chance to pay without losing their business. In general, the IRS doesn’t want to cripple or bankrupt a business. 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 Ted “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.
Our clients are business owners, professionals and individuals in Blount County, Knox County and throughout eastern Tennessee. Mr. Burkhalter also advises clients nationwide on tax law matters. We value a long-term, ongoing relationship with our clients, helping them meet new challenges as their businesses grow and personal circumstances change.