If you are going through a personal tax audit, then you may be concerned about what the IRS will find. The Interval Revenue Service is not trying to dig deep to prove that you've done anything wrong. Audits are a normal part of life. In fact, most audits go well with...
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Tax Law
The new tax lay may burden families and retirees
Many people who filed their 2018 tax returns were surprised to receive a lower tax refund than they ever had before. Some people in Colorado may have even received a tax bill from the IRS. While many of the new tax law provisions benefit the wealthy and some benefit...
I can’t pay my taxes, what now?
Even though tax season has already passed, many taxpayers still remain quite stressed about their financial situation. This is often the case when you owe taxes that you can't pay, which means you'll be faced with the prospect of costly penalties until your taxes are...
How can you reduce tax penalties?
If you receive an unfavorable decision letter from the IRS stating you owe tax penalties on your Colorado state or federal return, you may be panicking. However, there are things that may reduce the penalty. One option is to negotiate with the IRS examination agent,...