Month: March 2020

IRS asked to move tax date due to COVID-19

As spring arrives each year, a lot of focus is given on the looming April 15 income tax filing deadline. For Colorado residents, both state and federal income tax returns must be filed, or an extension must be requested. However, in 2020 the situation may end up being...

Am I in danger of an IRS audit?

Every year, those who earned an income must file a report with the Internal Revenue Service. After submitting, most people forget about their taxes immediately. And that is fine since the IRS reports that it only examined 0.5% of returns in 2018. But that means an...