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Tax Problems

Babbitt Tax Law > Tax Problems

Do You Know Your Taxpayer Rights?

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...

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Can The IRS Debt Forgiveness Plan Help Me?

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...

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Avoid Common Mistakes That Can Get You into Tax Trouble

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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Out of Work Due to Covid and Owe Tax Debt?

Out of Work Due to Covid and Owe Tax Debt?

If you are out of work due to covid or other illnesses and bringing in no income and you owe the IRS money you want to let them know as soon as possible by filing as debt currently uncollectible. This should be done through a tax attorney to ensure it is done properly. It is very easy to let finances slip as unimportant when you are sick. The truth is that the IRS collection machine stops for no one unless they are made to. If you have collection notices coming to you already it needs to be dealt with so that...

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Still Keeping Your Receipts in a Shoe Box?

Record keeping taxes Babbitt Tax law bonita springs fl

This is one of the main reasons individuals and businesses get into trouble. Keeping your finances organized by hording small scraps of paper with ink that fades over time is risky and pointless in the modern day of digital record keeping. Our best advice as simply put as possible is – Stop doing that. It is time to step into modern accounting and work as you go by entering each item as it comes rather than having to sit down with an overwhelming mountain of paper at the end of the year. The #1 Reason Tax Problems Happen Is That their Records are...

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Small Business IRS Tax Preparation Tips

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Along with the holiday season comes the end of the year. This signals the beginning of the need to really buckle down and prep for tax season. This is especially true if you are a small business owner. The first quarter of the year is what we consider tax preparation season. All your paperwork, receipts, travel for the past year, employee records, payroll, should be in order and filled in completely. Being organized helps fend of any financial surprises or pitfalls for the company. Ideally, tax preparation should be kept on top of year-round, so you don’t have any surprises in April...

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IRS Investigating You for Criminal Activity?

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You Need Representation if you are charged with Tax Evasion. When it comes to tax investigations crimes such as tax evasion be it business or personal, the enforcement procedures used to collect owed debt can have devastating consequences civilly. If the nonpayment is deemed criminal and purposeful it is then moved to criminal court and the outcome if you lose can be incarceration. This is no time to defend yourself in a tax matter. You need an experienced tax attorney who can help you navigate the nuances of tax court and get you the best outcome possible. Chapter 75 of the Internal...

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Why Hire a Tax Attorney in Bonita Springs, Florida?

Babbit Tax Law a tax attorney in Bonita Springs Florida

If you owe the IRS money or the IRS believes you owe them money – you need a licensed experienced attorney. The US Tax Code has 75,000 pages and 4 million words. The IRS has an endless team of lawyers who are familiar with this code working on their behalf to collect on all taxes set for collection by their offices. Going it on your own is simply not a wise option. When you consult with or hire a tax attorney you have client confidentiality. This means anything you tell us or share with us will remain between us. Looking for...

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How to Fix Taxes After Filing Wrong

Oops, you filed your taxes wrong. It could happen to any of us. Taxes can get complicated, so it’s not uncommon for a mistake on your taxes to occur. If you found the error after you filed, you are probably stressing out, but don’t worry, you can amend your taxes. If you made a bigger mistake like filling out the wrong tax form or missed a deduction, we recommend you should amend your taxes. Now, if you have a spelling mistake or a tiny miscalculation, likely the IRS will fix this mistake for you. If not, they may request an item...

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How to Avoid Tax Problems with the IRS

When it’s time to file taxes, whether for yourself or business, it’s important to file them correctly and on time. Now, at Babbitt Tax Law, we know not everyone’s taxes are “easy” to file and mistakes can occur if taxes are complicated. For this article, we wanted to share with you how you can avoid any problems with the IRS regarding your taxes. File your taxes on time – We all know by now when tax season is, so if you know your taxes will be complicated, it’s a good idea to start them early and not wait until the...

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