Receiving a tax notice from the Internal Revenue Service (IRS) or a state taxing agency can be stressful. Here are a few tips on how to deal with a notice. If you are a current client – I do not charge to review a tax notice for current clients.  Please upload a copy of every page of the notice to your client portal

Here’s a look at some tax planning considerations for individuals as we approach year-end. 2022 Tax Law Changes There have been few major tax law changes from 2021 to 2022.  One item of note is that several tax credits will return to their pre-pandemic levels, which may result in smaller refunds or balances due with 2022 federal tax return filing.  Changes include amounts

Here are seven possible tax planning strategies to consider implementing using your taxable brokerage accounts. When considering using any tax strategy such as selling investments in your portfolio to realize a loss, be sure it makes sense for your bigger financial picture (in this case your portfolio allocation and strategy). “Don’t let the tax tail wag the economic dog.” Strategy 1 Consider selling

I wanted to make sure all of my clients are aware of the Colorado First Step Program, which is a program designed to kickstart college savings.  Any child born or adopted after 1/1/20 in Colorado can receive a free $100 contribution from the state of Colorado to a Colorado CollegeInvest 529 Savings* account.  Even better, once you open a CollegeInvest account via the

In August, President Biden signed into law the 2022 Inflation Reduction Act (the Act). The Act includes several individual tax provisions – most notably an array of new tax credits relating to energy efficient homes, businesses, and vehicles. It also provides a three-year extension of the expanded Affordable Care Act health insurance subsidy. The following is a summary of some of the Act’s

If you are the owner of an LLC or corporation, you’ve probably received a few letters that look like this. The letters look very official and tell you that you need to file your annual periodic report for your entity with the Secretary of State. However if you read the fine print, you will see that these letters do NOT come from the