When you fail to pay or file your taxes on time, the IRS can take drastic measures to collect what it is owed. You can face an array of tax penalties, from fines and interest charges to seizure of your assets. Take steps to get those income tax penalties lifted by seeking professional assistance from the tax attorneys and consultants at Taxation Solutions, Inc. We’re Memphis’s choice for tax abatement, thanks to our 40 years of combined experience and our commitment to getting our clients the best possible result. After your initial consultation, we’ll get right to work determining what forms of penalty abatement might be right for your case. Don’t let a harsh tax penalty leave you reeling financially—call Taxation Solutions today!
Depending on how delinquent your taxes actually are, you might be subject to tax penalties including:
- Fines added to your debt balance
- Interest charged on your balance
- Wage garnishment to cover the debt
- Tax liens against your assets
- Tax levies, representing seizure of your assets
Even in a worst-case scenario, where the government is planning to seize your home or bank accounts to cover what you owe, it’s possible to find relief. For instance, if you have a valid and provable reason for not paying what you owe by the deadline, it might be possible to have your tax penalty for underpayment removed, leaving you with less to pay. If wage garnishment has led to financial hardship, your Taxation Solutions tax penalty specialist might be able to negotiate an alternative tax settlement, giving you full use of your paycheck once more. We’ll find a tax abatement solution that works for you while also satisfying the IRS.
Emergency Penalty Abatement Help
If you’ve recently learned of a government action against your assets, you know that it’s only a matter of time before your property is seized. No matter how quick the turnaround needed to solve your problems with income tax penalties, for immediate assistance in an emergency, turn to Taxation Solutions. We’ll work hard to ensure that your deadline is met and the crisis is averted. Our licensed and insured team will be there for you when IRS penalty abatement can’t wait.
Taxation Solutions is pleased to be a member of the American Society of Tax Problem Solvers. This affiliation helps us stay up to date and informed about issues affecting our clients, including state and federal tax penalties. We strive to be one of the most knowledgeable, skilled, and dedicated tax firms in the entire Memphis area. If you need IRS penalty abatement and want to hire an expert who truly cares about your financial well-being and will create a customized plan of action to help you become compliant with the IRS, contact Taxation Solutions today. We look forward to working with you!
- tax liens
- tax penalties
- tax penalty