Wednesday, June 11, 2014

5 Steps to Completing an IRS Financial Statement

The IRS financial statement (Form 433-A, 433-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 Gobankingrates.com 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 (hdraper@bizjournals.com) for the week of March 28th – April 3rd (Page A-10) received over the weekend came at a great time.... read more below.

http://highlandtaxresolution.com/income-tax/how-are-your-income-taxes-being-spent

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). . . 
http://highlandtaxresolution.com/tax-resolution-services/irs-extends-deadline-for-deducting-colorado-disaster-related-losses-in-prior-year