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...

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

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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....

20 January

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Babbitt Tax Law Helping SWFL Out of Tax Debt

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in Bonita Springs Tax Lawyer

Helping SWFL Out of Tax Debt When it comes to the IRS, they are serious about collecting any monies they deem due. Collections, liens, levies, if you have assets or income, you can be sure that they will do their best to collect on the debt one way or another with zero concern on a personal level as to if it is convenient or causes a hardship. If the debt amount owed is small, it is likely that you can figure out a way to deal with and work out a payment plan yourself but when it comes to larger sums and...

17 January

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Does Your Spouse Owe Back Taxes? You Just Might Be Liable

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in Innocent Spouse Rule, IRS Collections

Does Your Spouse Owe Back Taxes? You Just Might Be Liable

Wondering about tax liability? If you have recently gotten married if you are like many you may have neglected to find out your partners IRS tax status. After all, it really isn’t the most romantic subject. When two people wed, in the eyes of the IRS they become potentially one collectible entity. To avoid taking on your new wife or husbands’ old financial baggage you need to be proactive. If you plan on filing as married filing jointly. Whatever tax is owed on either of your behalf’s will be taken from any tax refund due to you. That means regardless of which one...

07 January

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Out of Work Due to Covid and Owe Tax Debt?

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in Currently Not Collectible, Tax Problems

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...

05 January

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Working with a Tax Attorney Can Pay for Itself

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in Bonita Springs Tax Lawyer, IRS Collections

tax attorney todd babbitt bonita springs naples

Think you cannot afford representation? Think again. Many clients tell us that they avoided seeking legal representation in the matter of IRS tax cases because they believed they could not afford the services. We sincerely hate hearing this. The truth is that hiring a tax attorney can save you far more money than you realize which makes it not only affordable but vital. Representing yourself against the IRS in cases where they believe you owe them a tax debt can be hairy. Especially if it is a large sum, they will use all the force behind their office to get it from...

03 January

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Still Keeping Your Receipts in a Shoe Box?

Posted by dzadmin

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

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...

29 December

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Do You Still Owe Back Taxes? Start Fresh with Babbitt Tax Law

Posted by dzadmin

in Bonita Springs Tax Lawyer, IRS Collections

IRS Tax Law tax attorney bonita springs naples

2021 Is Almost Over. Ring in 2022 with a clean slate. Wouldn’t it be nice to wake up and feel the weight of debt lifted off your shoulders? The peace of mind knowing when you go to the mailbox there won’t be any more IRS collection letters with your name on them. We work with the IRS on a daily basis to help citizens and business owners like you deal with the tax debt they have accumulated. While it can be overwhelming there are ways to bargain with the Internal Revenue Service and work out an offer and payment plan that you...

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