Wednesday, August 27, 2014

Has The IRS Filed Your Tax Returns?

We recently had a client who came to us with a tax liability totaling $115,000 between the IRS and the State of California for 2009 and 2010 (yes the State does this too!). He was concerned as to why he owed so much money and was very confused as to why the IRS and State would continue to harass him . . . read more below

Monday, August 25, 2014

3 FAQ’s on Getting Started with Highland Tax Group!

Q. How do I know my accounts have been protected from levy action after I hire Highland Tax Group? A. The first step we take is filing the Power of Attorney form and contacting the IRS immediately. Upon speaking with the IRS we confirm what you owe, if there are any missing returns, the status of your case, and confirm a collection hold. . . read more below!

Wednesday, July 30, 2014

Monday, July 14, 2014

Second Testimonial of the week!

I would proudly recommend Mike Wallen and Highland Tax Group to anyone with IRS issues.  I am a failed business owner and the tax implications were much scarier and higher than I had planned on. . . read more at the link below!

New Testimonial!

Mike Wallen literally changed my life.  About seven years ago, I made the “WONDERFUL” decision to follow some advice from a “friend”, and start claiming extra dependents on my taxes.  To make a long story short, that decision led to more poor decisions, uncertainty and fear.   I stopped filing taxes altogether.   Before you know it, the IRS was beating down my door.  Seven years of unfiled taxes. . . . read more here

Wednesday, July 9, 2014

IRS Offer In Compromise FAQ's

I tend to field quite a few questions regarding the IRS offer in compromise process. Below are the top 3 questions I receive regarding the offer in compromise process. . . read more here.

Wednesday, June 11, 2014

5 Steps to Completing an IRS Financial Statement

The IRS financial statement (Form 433-A433-B or 433-F) is the most crucial piece to resolving outstanding tax matters.  Some of our clients (begrudgingly) fill out the form, not wanting to list certain information, withhold information about non-liable spouses, not disclose a retirement account, etc.  However, it is in both of our best interests to fill out the IRS financial statement to its completion and in full. . . . read on here

Tuesday, May 27, 2014

IRS Tax Questions!

Many times individuals who are my clients and potential clients come to me with several IRS tax Questions. Some of which can be more complicated than others and require a specialist to answer. Such as legal or true tax return questions where  you may need an attorney or a tax prep specialist to answer your IRS tax questions. We can refer you to any resource you may need. None the less, some of the more common questions are below. Each Q&A can also be found on our FAQ page as well. . . read more here

Monday, March 31, 2014

How Your Income Taxes Are Being Spent

According to a source at only 1 in 5 American’s know how thier income taxes are being spent.  I also had a client inquire about how his income taxes were being spent. The article in the Denver Business Journal by Heather Draper ( for the week of March 28th – April 3rd (Page A-10) received over the weekend came at a great time.... read more below.

Wednesday, March 26, 2014

IRS Extends Deadline For Deducting Colorado Disaster-Related Losses

Notice 2014-20, 2014-15 IRB, IR 2014-35
In a Notice, IRS has given Colorado flood victims an extension until Oct. 15, 2014 to decide whether to claim disaster losses arising from last September’s flooding on either their 2012 or 2013 returns. Without this extension, these taxpayers would have had to make this decision by the original due date for their 2013 return (typically April 15). . .

Wednesday, March 19, 2014

Midweek Testimonial!

I contacted Mike Wallen from Highland Tax Resolution as a referral form a friend to help with our Federal IRS issues. We had tried to handle the issue ourselves and after countless hours on the phone, we had gotten nowhere, and they were threatening to seize funds from our bank account....

Monday, March 17, 2014

IRS Interest Rates Stick for 2nd Qtr 2014

Overpayment and underpayment rates remain the same for the second quarter of 2014

Rev Rul 2014-11, 2014-14 IRB; IR 2014-29

IRS has announced that the interest rates for tax overpayments and underpayments for the calendar quarter beginning Apr. 1, 2014, will remain the same as for the first quarter of on here...

Tuesday, March 11, 2014

7 Steps to Initiating an IRS Installment Agreement

Today we are writing about the IRS installment agreement process and how it can help you as it relates to your IRS tax liability.  First and foremost, there are various types of payment plans available to fit your needs. Secondly, depending on what you may owe the IRS, either for your business or you personally, will greatly affect which type of plan we can set you or your business up with.  A few details about the payment plan process you may not be aware of . . . read more here 

Thursday, February 20, 2014

5 Steps to IRS Lien Removal!

We have several taxpayer's who come to us because they have an IRS tax lien on record. When the IRS files a tax lien it is reported at the county clerk and recorder's office where the taxpayer resides. The goal of the tax lien is for the IRS to secure their interests in the IRS tax liability.  In most cases the tax lien can damage your credit, keep you from qualifying for a refinance. . . read more here!

Tuesday, February 18, 2014

3 Steps Saves Taxpayer $5,000!

Recently we had a client come to us who had attempted to deal with her IRS tax debt on her own.  She owes the IRS $12,000 in personal tax liability. Ultimately the IRS had asked her to pay the tax debt in full in December of last year. She agreed.  However, when the deadline was up for renewal she could not oblige. . . read more here.

Friday, February 7, 2014

New Testimonial!

I have very much enjoyed working with Mr. Mike Wallen of Highland Tax Group, Inc.  He came very highly recommended to me and he has earned that recommendation. . . read more here

Offer In Compromise Generates $199,500 in Savings!!

We recently had a client who settled with the IRS for $500. Total savings on your IRS tax bill in the amount of $199,500 doesn't happen very often. However, this particular taxpayer owed a large liability stemming from an old corporation he was involved in. He also doesn't have much in the way of assets or income. The IRS tax assessed was in the neighborhood of $200,000 at one point in time. The business owed closer to $400,000 in IRS tax liability. The liability he owed was civil penalties stemming from employment taxes accrued in his old business. For those of you not familiar with civil penalties or the trust fund recovery process it is a process the IRS uses to assess a penalty for the accrual of employment taxes in a corporation. The IRS looks at . . . Feel Free to Read More Below! 

Read the rest of our post at

Tuesday, February 4, 2014

5 Reasons to E-File Your Tax Return!

We thought this would be a great post considering it is now tax season. However, just be to clear, Highland Tax Group, Inc. does not prepare or file tax returns. We can however, pair you up with the appropriate resource to do so. Highland Tax Group, Inc. prides itself on developing relationships within the community and has a deep well when it comes to tax preparer resources, business resources, and other financial needs.

Below are five good reasons to E-file your return:
  1. Your return will be more accurate and more complete - an e-filed return is rejected if it isn't accurate for some reason, therefore, it is best to e-file as it helps reduce errors on the actual tax return.
  2. It is an absolute free service. The IRS does not charge to e-file your return.  Therefore, you can log in, create an account, and file (and pay if you owe) your return online.
  3. It is a much more secure way to file your return, transmitting data over the internet can be scary, however, the IT professionals who contract with IRS know encryption methods to keep your data safe and sound.
  4. There are more payment options if you e-file (providing you owe) and therefore you can set up a credit card payment (get the points!) debit card, or electronic check to pay your liability timely and secure.
  5. Of course last and not least is obtaining your refund much faster. Within 21 days according to the article below.

If you owe money to the IRS and aren't sure what to do, can't afford to pay it, feel free to contact Highland Tax Group, Inc. by calling us at 720-398-6088. We will be happy to take a look at your situation and give you guidance to help move forward toward tax resolution. Happy Filing!

Tuesday, January 28, 2014

Currently Non – Collectible Agreed to on $80,000!

We recently were able to get a client into currently-non collectible status. It wasn't an easy feat whatsoever. However, the client can now focus on rebuilding his business, rebuilding his financial livelihood, and all the while not having to worry about paying his IRS debts back. Currently non-collectible status is obtained by using the following steps:

  • Remitting a full financial form 433-A Collection Information Statement for Individuals
  • Discussing goals and options with Highland Tax Group, Inc.
  • Negotiating with the IRS (and appeals if necessary) to obtain currently non-collectible
  • Ensuring the IRS has all documents needed to prove all expenses listed on the 433-A
  • In this particular case the client has a property with equity, showing he can full pay the tax debt, however, is unable to obtain a line of credit or refinance. Thus we provided 3 loan turn down letters to prove to the IRS the taxpayer has done all he could to attempt to borrow to pay the tax debt down or completely in full

Please contact us if you feel you cannot pay the IRS at this time. We would be happy to look at your situation to see if you qualify for currently non-collectible. We can be reached at 720-398-6088 or on our website at

Thursday, January 2, 2014

IRS Tax Problem? Confused By What You Owe?

A lot of people we come across with IRS Tax Problems are confused about what they owe. They (both businesses and individuals) even have existing representation in place and are actively working on their IRS Tax Problem. However, their current representative, CPA, attorney, or bookkeeper either hasn't informed the taxpayer as to what they owe, or maybe they have in the past but the balance dues have changed.

The balance due amounts and subsequent transcripts on a taxpayer's account, are the most important pieces of information both the taxpayer needs to have, as well as the representative. Without the knowledge of what is owed, what might be missing, what the statutes are, and what the tax, penalty, and interest is, there really isn't a starting point to resolving one's IRS Tax Problems. There are a few key elements to obtaining this information:

  • If you have IRS Tax Problems and you don't know what you owe call Highland Tax Group, Inc. immediately and we will gather this information free of charge
  • If you have IRS Tax Problems we will ask you to fill out a 1 page form so we have authorization to gather the information necessary to begin resolving your IRS tax issues
  • Our free investigation includes finding out tax balance due amounts, missing return information and data, transcript data, and statute data should it be necessary, as well as a status report on your account
  • We will inform you of the results in writing so you can begin tackling your IRS Tax Problems head on in 2014!

We are more than pleased to offer the investigation, a $300 value, for absolutely free. Confused by what you owe? Not sure where your situation stands with the IRS? Not sure how exactly your IRS Tax Problems will be resolved in 2014? Call us at 720-398-6088 or at for more information. We are looking forward to assisting you with resolving your IRS Tax Problems!