Best Tax Lawyers Chattanooga, TN

Chattanooga, TN Tax FAQs

• Where does the Tax Court hold trial sessions closest to Chattanooga, Tennessee?

  The Tax Court holds trial sessions closest to Chattanooga at Estes Kefauver Courthouse located at 801 Broadway, Nashville, C650, 6th Floor.

• Where is the low-income taxpayer clinic that is closest to Chattanooga, Tennessee?

  The low-income taxpayer clinic that is closest to Chattanooga is the Tennessee Taxpayer Project, located at 575 Oak Ridge Turnpike, Suite 201, Oak Ridge, TN 37830.

• Are Chattanooga residents allowed to request installment tax payments?

  Yes, Chattanooga residents are allowed to request installment tax payments. However, they may need to owe a minimum of $300 to be eligible. A down payment may also be required. Individuals who have had at least two payment plans within the last two years are required to pay 25% upfront to qualify. To request, one must create an account on the website of the Department of Revenue.

• What does tax lien mean in Chattanooga?

  In Chattanooga, a tax lien is a legal claim imposed by the IRS if an individual has failed to pay their taxes for a long time. If one has a tax lien, the IRS has already filed a Notice of Federal Tax Lien in Hamilton County. This record may be accessed by creditors, including real estate mortgage companies.

• Who are eligible to apply for the Tax Freeze Program in Chattanooga?

  Individuals who are eligible to apply for the Tax Freeze Program in Chattanooga are those who are at least 65 years old and own and live in a home, including mobile houses, in the city. Additionally, the total combined income of all individuals living in the household should not exceed $41,920 for the year 2021. Qualified individuals need to reapply for the program on an annual basis.

• When can an individual in Chattanooga be charged with tax evasion?

  An individual in Chattanooga can be charged with tax evasion if their records show that they owe money from the IRS. They may also be charged if there is evidence suggesting that they are intentionally avoiding their tax obligations. Additionally, those who hide their money, provide false information, submit erroneous receipts, and destroy records may be charged with tax evasion.

• What is the consequence of tax evasion in Chattanooga?

  Those who are charged with tax evasion in Chattanooga are subject to fines and imprisonment as per Tennessee Code Section 67-2-121. The severity of the penalties is based on the following factors: the amount of taxes evaded, the taxpayer's intent, and the taxpayer's history of tax compliance. Failure to file a tax return, whether for individuals or businesses, is considered a Class C misdemeanor, punishable by a maximum of 30 days in jail and a $500 fine. Deliberate tax evasion is categorized as a Class E felony, which can result in a $3,000 fine and six-year incarceration.