Tax Debt Resolution Attorney in Knoxville, TN
Owing back taxes can be a stressful and overwhelming experience. Mounting penalties, interest, and the threat of enforced collection by the Internal Revenue Service (IRS) or the Tennessee Department of Revenue (TDOR) can make it feel impossible to regain control. At Easter & DeVore, we help individuals and businesses in the Knoxville, TN area find relief through effective tax debt resolution strategies. Our goal is to help you resolve your tax issues efficiently and protect your financial future.
Understanding Tax Debt
Tax debt can arise from unpaid income taxes, payroll taxes, sales taxes, or other federal or state tax obligations. If not addressed, unpaid taxes can lead to severe consequences such as wage garnishments, bank levies, tax liens, and asset seizures. The longer a tax debt remains unresolved, the more penalties and interest accrue, making it harder to pay off over time.
At Easter & DeVore, we help clients understand the nature of their tax liabilities, evaluate available resolution options, and negotiate with tax authorities to reach manageable solutions.
IRS and TDOR Collection Actions
When taxes go unpaid, the IRS or TDOR may initiate collection actions to recover the owed amounts. These actions can include:
- Wage garnishment
- Bank account levies
- Tax liens on property
- Seizure of assets
We act quickly to protect clients from these aggressive tactics. Our legal attorney communicates directly with tax authorities, works to halt collection activity, and explores resolution programs that provide lasting relief.
Tax Debt Relief Options
The IRS and TDOR offer various programs that allow taxpayers to resolve outstanding tax debt under more favorable terms. Common resolution options include:
Installment Agreements
An installment agreement allows you to pay off your tax debt over time in monthly payments. Depending on your financial situation, the IRS may offer streamlined payment plans or more complex agreements tailored to your income and expenses.
Offer in Compromise
An offer in compromise (OIC) allows you to settle your tax debt for less than the total amount owed if paying the full balance would cause financial hardship. Approval is based on your income, assets, expenses, and ability to pay. We help clients determine eligibility and prepare compelling applications.
Currently Not Collectible Status
If you are experiencing financial hardship and cannot pay your tax debt, you may qualify for currently not collectible status. This designation temporarily halts collection activity until your financial situation improves.
Penalty Abatement
Penalties and interest can make up a significant portion of your tax debt. In some cases, you may qualify for penalty abatement due to reasonable cause, such as illness, natural disaster, or reliance on incorrect professional advice.
Contact Easter & DeVore
If you are struggling with tax debt and need a path forward, Easter & DeVore is here to help. We provide experienced legal counsel for clients in Knoxville, TN, facing IRS or TDOR collection actions. Contact us today to schedule a consultation and explore your tax debt resolution options with confidence.
