Tax Preparation & IRS Tax Problems

Call now for an appointment - (303) 753-6040

We Have Moved!!!

We have loved our home here by City Park for the past fourteen years but we are excited to announce that we have moved into our new home! Please come visit us at our new location at: 3801 East Florida Ave, Suite 725 Denver, CO...

Read More

Did You Know? Things to Know if you Owe the IRS

“First Time Abatement” can be a powerful tool in reducing a taxpayer’s liabilities to the IRS. Penalties the IRS charge for filing and paying taxes late are substantial. While interest accrues on an IRS liability, just like any other loan balance, it’s common for us to see an older liability more than double over time (due to the penalties for late filing and penalties for late payment of the tax due on returns). Penalty Abatement An...

Read More

Tax Case Study: Tax Court Petition

Here’s one that will change the way you look at the court system!  In America we believe that everyone should have their day in court.  Right? The Problem Here is an interesting case.  A husband and wife came in for some help with a tax court petition that they had filed.  They were previously tax protesters and had filed zero returns and statements that indicated that the tax system was illegal.  The IRS reversed the returns and added...

Read More

IRS Question Corner: In the Hole $55,000 in Back Taxes

Question: My finances are a mess, an absolute mess. And my taxes? Even worse! I’ve done exceptionally well in real estate these past two years and used my profits to pay off debts I’d accumulated from previous failed business ventures. Now, after following bad tax advice from a neighbor, I’m discovering that my gains weren’t tax-free. I’m in the hole $55,000 in back taxes, and there’s no way I can pay it! I just got finished paying...

Read More

New IRS Scams in 2014

The IRS is has identified and announced a new IRS scam where a person acts like they are an IRS agent.  Beware.  The scammer poses as an IRS employee and states that you owe money for some reason (audit, underpayment, etc.).   They start off nice and explain that they need the money wired right away. What this Scam Looks Like If any IRS agent calls and asks you to wire transfer or western union money to them, this is your first clue that it...

Read More

Offer in Compromise Eligibility

Question: How do I find out if I’m eligible for the Offer in Compromise program? I have significant IRS debt. Answer:  To find out about your offer in compromise eligibility, you’ll first need to consult a qualified tax professional. Without the help of a qualified tax professional, you’ll be entering treacherous tax waters. The first thing a qualified tax professional will do is examine your previous tax returns with a fine-tooth...

Read More

Offer in Compromise Case Study #1

You hear a lot about Offers In Compromise (OIC).  Mostly what is being discussed is an OIC based on Doubt as to Collectability.  That means that the client is proving he can’t pay and is offering the IRS a settlement of what he can. There are two other types of Offers: Doubt as to Liability (DATL) DATL is based on some doubt that the money is really owed. Offer and Effective Tax Administration (ETA) ETA is based on hardship or other...

Read More

Recent Tax Scams: Don’t be Telemarketricked

This is a tough article to write.  For many it’s a tough pill to swallow!  From my perspective, it’s tough to embrace a “negative campaign” and to write about the negative aspects in the tax industry.  On the other hand, I see a lot of clients who’ve come in after giving a large check to a telemarketer who claims to fix tax problems. To ease my mind I’m going to point you to the internet to research for yourself the negative...

Read More

A Tax Protester’s Story and How Advanced Tax Solutions Helped

A tax protester is someone who refuses to pay taxes on the grounds that they are unconstitutional. We used to receive anonymous tax protester videos and information on a fairly regular basis. Here’s his story dealing with taxes, the IRS and the law. A Tax Protester’s Story: This man had taken strong tax protester positions on his tax returns.  He did this over the course of a few years thinking that the tax system was either voluntary or...

Read More

Small Equipment Depreciation Changes in 2014

Did you know that rules on small equipment depreciation have changed? Typically, to expense any equipment you had to make a “Section 179” election to expense the asset in the current year.  Otherwise you were required to spread the expense over several years. The S-179 election is still available, but has a cap on the amount that you can expense, and that cap changes every year.  What a lot of people don’t know is that the IRS changed...

Read More