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Option for Back Tax Debt and Failure to File Taxes
There are a number of reasons people may fail to file their taxes or pay back taxes. Some people feel hopeless because they owe taxes and don’t have money to pay, others simply run out of time to file and … Continue reading →
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Will Mortgage Forgiveness Debt Relief Act be Renewed for 2014?
Homeowners are on edge, hoping Congress will once again renew the Mortgage Forgiveness Debt Relief Act (MFDRA) that expired last December 31, 2013. Anxious homeowners are waiting for Congress to renew the Act for 2014. Senate Majority Leader Harry Reid … Continue reading →
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Smart Moves to Make Now on Your Taxes
The holidays are right in front of us and before we know it, the New Year is here and time has run out to make smart tax moves. You may be able to save thousands on your tax bill with … Continue reading →
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Death and Taxes: a Guide to Estate Tax Reduction
Remember the quote from the 1700’s – nothing is as “certain as death and taxes’? That phrase remains true, except today, there IS something you can do to lower or almost eliminate your estate taxes. Everyone should, at some time … Continue reading →
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Pot Revenues Increase: Will You Get a Refund?
If you thought the ongoing tax issue whether marijuana business owners and consumers paying federal taxes would incriminate themselves by paying the taxes, there’s another tax problem on the horizon. Adding to this hodgepodge of pot perplexity, is that the … Continue reading →
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Notice of Deficiency- What You Should Do
Is there anything scarier than receiving a letter from the IRS? If the IRS sent you a Notice of Deficiency (NOD), you are probably panicked and intimidated, as well you should be. This notice is the first step the IRS … Continue reading →
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Marijuana Taxes a Catch 22 for Coloradoan Business Owners
A hearing on whether paying taxes on marijuana sales will set weed owners up for federal prosecution has failed, leaving marijuana business owners and consumers up in the air. Advocates for the legalization of marijuana were suing to halt state … Continue reading →
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Could There be Federal Criminal Implications with Marijuana Taxes?
When marijuana was legalized in Colorado, complications set in due to the fact the drug is still illegal under federal law. Even though pot is legal in Colorado, it’s still a technical federal crime to sell marijuana. Advocates for the legalization of … Continue reading →
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Denver Tax Attorney. Serving all of Colorado. 