From the IRS Tag

Tax Consequences of Purchasing a Business

If you are considering buying a business, you should be aware that it can carry significant tax implications. Thus, before you execute the purchase agreement, you should have one of our knowledgeable business attorneys […]

Up In Smoke?

Two years ago Colorado became the first state that legalized marijuana. The legalization was initially for medicinal purposes, but one short year later was extended to recreational use as well. One of the driving […]

Tax Tips For Retirement

Planning for retirement is something that should happen as soon as you get your first “real” job. Having enough money in your golden years to make ends meet is easier said than done, but […]

Do I Have To Report Gambling Winnings?

When you file your income tax return you are required to report all income, from whatever source. This includes money from any gambling wins you experienced over the year. The casino will report what […]

Will Owing Taxes Ruin Your Chances At Federal Employment?

Nearly every type of debt can be overwhelming. When you are on a tight budget it is difficult to add even one more dollar to your monthly obligations. Finding a job that pays enough […]

How To Avoid Tax Identity Theft

Having your identity stolen creates countless problems. Without a secure identity you can face financial ruin if someone uses your identity to obtain loans that then go unpaid, and you might not even know […]

Have You Updated Your Status Lately?

No, not your Facebook or Twitter status, but your tax filing status. If you are married you have the option of filing your income tax return with your spouse, or separately. The decision you […]

Paper Or Plastic: A Look At The Benefits Of Electronic Filing

Nowadays nearly everything can be done online. You can shop for clothes, find a repairman, and even upload a grocery list to Target and then simply go pick up your purchase at customer service. […]

Are Tax Rate Increases In Your Future?

Not so long ago a once popular President said “read my lips, no new taxes”, then proceeded to raise tax rates. Since the days of the Boston Tea Party, Americans have been frustrated with […]

The Tables Have Turned

The lost email scandal of 2014 is entering a new phase, a possible criminal investigation. In 2014 the IRS claimed to have “lost” thousands of emails that may show conservative groups were targeted for […]