Babs & Associates Inc.

Babs & Associates Inc. Babs Associates have grown to become a reputable independent Certified Public Accountants (CPA), Fina

05/06/2024

If you pay a professional to prepare your taxes, that fee may be deductible on your next year's return. Tax preparation fees count as miscellaneous deductions, which must add up to more than 2% of your adjusted gross income before you can claim them.

05/01/2024

Did you know that a tax attorney is not obligated to testify against clients if clients are prosecuted by the IRS? However, tax preparers and CPAs are legally obligated to testify in tax criminal trials even if they must testify against their client.

04/29/2024

One of the biggest benefits of hiring an EA (enrolled agent) is that they are certified by the federal government specifically to handle taxes. In many cases, EAs are former IRS agents with extensive experience dealing with audits and thus a strong inside knowledge.

04/24/2024

Collections Appeal is a process whereby you attempt to stop collection of your assets by the government. If you have received any type of notification, be it a lien or levy from the IRS, a tax attorney will help you understand your rights and appeal.

04/22/2024

Not sure which business entity best suits your start-up? Consider starting out as a sole proprietor since little communication with the IRS is required, giving you more time to focus on building your company. In fact, the IRS will not even know you exist until you file your first personal income tax return.

04/17/2024

Did you know that Americans spend 7.6 billion hours each year doing taxes? Learning about the revised tax laws that affect you and your personal wealth can eat up hours of precious time. Consulting a tax attorney will help you clear up many questions.

04/15/2024

Did you know that unlike CPAs and tax attorneys who are regulated by state, enrolled agents (EAs) are able to practice anywhere in the United States? This makes hiring an enrolled agent ideal if your tax return or issue involves multiple states.

04/10/2024

Did you know that the audit rate for all individual taxpayers is a fraction above 1 percent? That makes an audit sound extremely unlikely, but statistics show that the more money you earn the greater the chances for an audit.

04/08/2024

Most accounting positions require at least a bachelor’s degree in accounting, however larger firms may prefer or even require people to have a master’s degree before considering them for employment.

04/03/2024

When you face an IRS audit, it is up to you to prove that the agency has made a mistake. Using a strategic approach, we can help your chances in overturning an audit and reducing the amount that you may owe.

04/01/2024

EA accountants are authorized to handle any type of tax matter. Why? They have passed the comprehensive Special Enrollment Exam, which covers federal tax laws, audit, and collection procedures relating to individuals, corporations and partnerships.

03/27/2024

If a taxpayer who owes money to the IRS doesn't have a job and doesn't own property on which the IRS can place a lien, another possibility is an IRS levy. In this case, the government can seize and sell property that you own to pay back the tax debt. If you are facing this situation, call us immediately.

Address

42 W Lincoln Highway
Chicago Heights, IL
60411

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+17087561099

Website

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Babs Associates Inc

Babs & Associates is a reputable regional accounting firm of CPA’s (Certified Public Accountants), Financial Consultants and Revenue specialists who are reputable in the accounting and business consulting industry in the Illinois, Indiana and the rest of USA.

In addition to traditional accounting, tax, and audit consulting services, our services cover other accounting and financing related services as detailed in the opposite column.

Babs & Associates is your most trusted business adviser concerning all of your financial services needs, as we pride ourselves in fast and deliverable service.