31 May

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If You Missed The Tax Filing Deadline, You Have Options To Consider

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, IRS Collections, Liens & Levies, Offer In Compromise, Past Due Returns

The end of tax season was officially April 18, 2022, which means the IRS is diving into enforcement mode and catching up on notices. What should you do, and what should you expect if you missed the filing deadline? The Good news is that there is no penalty for filing a late return after the tax deadline if a refund is due. However keep in mind If you didn’t file and you owe taxes, you definitely will want to file a return as soon as you can and pay as much as possible to reduce penalties and interest. Now, if you have...

27 May

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How To Tell If Your IRS Notice Is For Real?

Posted by dzadmin

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, IRS Audits, IRS Collections, Liens & Levies, Past Due Returns, Payroll Taxes

There are few letters which can arrive in the mail that make your stomach turn like an IRS notice. Unfortunately, scammers have figured out how to take advantage of this socially inherent fear by sending fake letters claiming to be from the IRS because they know they will get people’s attention. Since the IRS does not send out letters or notices that contain threatening language, it is important that you verify that the documents you receive are from the agency. Doing so will allow you to protect yourself from identity theft. Here’s what you need to know about how to tell if...

10 May

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Do You Know Your Taxpayer Rights?

Posted by dzadmin

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, Liens & Levies, Naples Tax Lawyer, Past Due Returns, Tax Penalties & Interest, Tax Problems

There is a chance that one of us will encounter a tax problem with the IRS at some point in our lives. Some people might be facing an audit due to a mistake on their tax return, while others might be owing the IRS money. These are the types of tax problems that can affect every individual. Before you get into a fight with the IRS, it's important to learn how they work and what they can or can't do. Not everyone knows that they have the right to prevent the IRS from seizing their property, levying fines, and garnishing their...

03 May

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Tax Lein vs. Tax Levy: What Is The Real Difference?

Posted by dzadmin

in Liens & Levies

If you're worried that you might be missing a payment to the IRS, then you might want to consider the various legal options available to you. In this article, we'll talk about the different types of tax liens and levies the IRS can use. We will also cover on how to avoid losing both your assets and property to the IRS. What Is A Tax Lien? A tax lien is a legal claim made by the IRS against the property that you own to settle a debt. It can also include the property that you're able to get after the IRS issues...

26 April

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What Is The Fresh Start Initiative?

Posted by dzadmin

in Bonita Springs Tax Lawyer, Currently Not Collectible, Fort Myers Tax Lawyer, Installment Agreements, Naples Tax Lawyer, Offer In Compromise, Tax Penalties & Interest

The IRS Fresh Start Program encompasses all of the options discussed in our previous article, "Can The IRS Debt Forgiveness Plan Help Me", but with a few notable differences such as having a federal tax lien withdrawn from you provided you are seeking relief under this program just to name a few. Much like the IRS Debt Forgiveness Plan, The Fresh Start tax program is designed to be available to everyone. With so many different options, it's likely that you'll find one that's right for you. However, the complexity of the program means that you'll need to work with a tax...

18 April

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Can The IRS Debt Forgiveness Plan Help Me?

Posted by dzadmin

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, Naples Tax Lawyer, Tax Problems

If you are considering filing for debt relief from the IRS, then it is important to understand the program's various steps and procedures. Before you start, it is important to contact a licensed debt relief attorney. Todd Babbitt at Babbitt Tax Law has helped many individuals and businesses throughout the greater SW Florida area understand the ins and outs of how to achieve tax debt relief. We are more than happy to go over these details in person at our office. But to get started, here is a bird's eye view of what you can expect. So, what does the IRS...

11 February

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10 Tips to Avoid a Tax Audit in Florida

Posted by dzadmin

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, IRS Audits, Naples Tax Lawyer

Do you want to ensure you never get audited by the IRS? Find 10 tips to avoid an audit, created by the experts at Babbitt Tax Law: File early and on time. Not only will you get a fine for filing late, but you might send a red flag to the department of revenue. Enter all information factually. Even a misspelled name or wrong date can get you in trouble. Check and recheck all of your data before you file. Report your entire income. It may sound appealing to underreport your earnings, but this is one of the most common reasons...

04 February

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Sales & Use Tax in Florida – What You Need To Know

Posted by dzadmin

in Sales Tax

IRS Installment Agreement Babbitt Tax law

If you’re filing your sales and use tax in Florida for the first time, you’ll want to read this. Whether you’re new to this tax to-do or you’ve been filing for a while, it’s a good idea to learn these best practices for filing sales and use tax in Florida. We know it can be confusing to figure out what taxes you owe, so we’re going to break it down for you in this blog. What is Sales and Use Tax? Sales Tax refers to the amount taxed for goods or services sold. In the state of Florida, general sales tax is 6%, which...

26 January

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What Does a Tax Attorney Do?

Posted by dzadmin

in Bonita Springs Tax Lawyer, Fort Myers Tax Lawyer, Naples Tax Lawyer

What does a tax attorney do? Babbitt Tax law

If you are getting letters from the IRS or are concerned about upcoming tax situations and statuses that may affect you, you may begin to wonder if you should seek out professional help before proceeding. A professional Tax Attorney assists their clients in compliance and through the navigation of the tax codes and system. They can help you make sure that you are taking full advantage of all deductions, exemptions, and credits. They also represent clients in matters of tax dispute. Clients may fall into the categories of business or individual. Working with a Tax Law Firm can help ensure that all...

24 January

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Avoid Common Mistakes That Can Get You into Tax Trouble

Posted by dzadmin

in Naples Tax Lawyer, Tax Penalties & Interest, Tax Problems

Avoid Common Mistakes That Can Get You into Tax Trouble

No matter your filing status – personal or business errors on tax forms can lead to tax issues. Something as innocent as a math error or missing signature can invite extra unwanted attention from the IRS. The IRS looks for mistakes as an excuse to dig deeper and institute an audit. Always double-check your entire form before mailing or hitting send. Never Assume That Your Tax Professional Prepared Your Taxes Properly We pay tax professionals to do their job and do it well, but you should still never blindly trust any accountant or tax preparer. You are the one signing off on it....

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