Naples & Fort Myers IRS Tax Attorney for IRS Collections

If you owe money to the IRS but cannot pay, there are several options available to you depending
on your circumstances. After reading below about various options, call attorney Todd D. Babbitt and discuss which option is right for your specific situation.

1. Installment plan
This is where you work out a payment arrangement with the IRS. There are several forms of
agreements, including regular, partial-pay, and streamlined. Which one you should use is highly
dependent upon your current financial situation and the amount you owe.

2. Offer in compromise
An offer in compromise is where the IRS agrees to accept less than the full amount owed. The
IRS does not have to accept an Offer, but if the Offer is presented so that it meets the IRS
guidelines, it increases the chance that the IRS accepts the Offer to resolve the outstanding
balance.

Not all tax professionals know the ins and outs of preparing an Offer that has a good chance of
getting accepted. Fort Myers attorney Todd D. Babbitt understands the rules and requirements of how to get an OIC accepted by the IRS.

3. “Currently Not Collectible” status
This status allows you to defer your debt. The debt does not go away; you still owe the IRS
money. But you’ll stop the process of getting your bank accounts levied or other collection
efforts if you are granted this status. This often happens when you don’t have enough income to
cover your current living expenses. Once your income rises, the IRS will re-evaluate your
situation.

4. Bankruptcy
Bankruptcy can be extremely useful to stop IRS collection efforts, potentially discharge income
taxes that are old enough, and force repayment plans on an otherwise unwilling IRS. Tax
penalties may also be discharged through the bankruptcy.

Getting Help

Attorney Todd D. Babbitt can help you:

• Respond professionally to any IRS correspondence you receive
• Contact the IRS on your behalf so that you don’t have to face them directly
• Represent your case before the IRS
• Get you caught up on filing back tax returns that are late
• Understand the IRS Collections process and your rights
• Negotiate penalties, interest, and taxes due to lower your debt
• Work out a payment plan on any money you owe to the IRS
• Fight for you on issues that come up, such as innocent spouse situations or positions
  taken on tax returns
• Help you get levies and liens removed from your assets.

Solutions for Resolving Your IRS Debt

Contact Naples and Fort Myers Attorney Todd D. Babbitt at no obligation to you so we can understand your specific tax situation and provide advice on the options available to you. Your tax issue is handled with the utmost confidentiality and privacy.