coloradotaxcoach.com RSS Feed http://coloradotaxcoach.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 13 Feb 2019 09:00:00 -0600 Wed, 13 Feb 2019 09:00:00 -0600 Champagne Wishes and Caviar Dreams http://coloradotaxcoach.com/blog.php?id=260 Just a couple of generations ago, it just wasn't polite to discuss money. We mostly knew who was rich and who wasn't. But it wasn't until about 1984, when crack investigative journalist Robin Leach launched Lifestyles of the Rich and Famous, that Americans began following celebrity houses, cars, and bank accounts with the same gusto as batting averages and quarterback ratings. Wed, 13 Feb 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=260 Kondomania http://coloradotaxcoach.com/blog.php?id=259 America's economy has morphed throughout our history, starting from agricultural to manufacturing to service to technology. Now it seems we're moving towards a celebrity-based economy. The world is full of D-list celebrities competing for attention: third-rate rappers hoping to break through their own noise, random Kardashian cousins, and spurned bachelorettes fighting for one last rose. Wed, 06 Feb 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=259 Tax Filing Season Begins http://www.coloradotaxcoach.com/newsletter.php#1 January 28, 2019, marked the start of this year's tax filing season, and it's the first time taxpayers will be filing under the new tax reform laws. Complicating matters is the newly revised Form 1040. Fri, 01 Feb 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#1 Seven Common Small Business Tax Myths http://www.coloradotaxcoach.com/newsletter.php#2 The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes for your small business. Fri, 01 Feb 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#2 Avoiding the Penalty on Early Distributions http://www.coloradotaxcoach.com/newsletter.php#3 Need to withdraw funds from your retirement plan before you retire? You could be hit with a 10 percent penalty unless you qualify for an exception. Fri, 01 Feb 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#3 Piggy Piggy Piggy http://coloradotaxcoach.com/blog.php?id=258 On January 1, we switched our calendars from 2018 to 2019. But in China, February 5 is the date for setting off fireworks. This year, we're ushering in the Year of the Pig. The pig is the last animal in the Chinese zodiac â?? according to one Chinese legend, he overslept for the Jade Emperor's great meeting of the animals in heaven. Men born in the year of the pig are optimistic, gentle, and focused. Women born in the year of the pig are full of excitement, trustworthy, and have good fortune with wealth. (No fortune cookie jokes, please!) Wed, 30 Jan 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=258 Puzzling Questions http://coloradotaxcoach.com/blog.php?id=257 Americans love puzzles, games, and brain teasers. Newspapers publish crossword puzzles, word-search puzzles, and word jumbles. Bookstores sell jigsaw puzzles. And airport gift shops stock Sudoku puzzles to pass the hours in the sky. We love puzzles so much that someone found their way to a basement office in Washington where the Department of Bogus Holidays litters our calendars with junk celebrations like National Talk Like Yoda Day (May 21) and National Eat Your Beans Day (July 3), and made it official. And so Tuesday, January 29 will be #NationalPuzzleDay. Tue, 29 Jan 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=257 Do Androids Dream of Electric Audits? http://coloradotaxcoach.com/blog.php?id=256 In 1982, the movie Blade Runner presented a technologically advanced vision of the year 2019. There were flying cop cars. (What grim dystopian movie doesn't feature flying cars?) There was commercial space travel. There were bioengineered androids, known as "replicants," that drove the story. The film even predicted voice-controlled video phones to communicate with our offices Wed, 16 Jan 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=256 Never Lose Sight of Survival http://coloradotaxcoach.com/blog.php?id=255 Movie fans, quick: what do you get when you combine Night of the Living Dead, Deliverance, and The Mist â?? with just a hint of Sophie's Choice? It probably looks a lot like like Netflix's newest hit, Bird Box. The movie imagines a shattered future where an unknown presence has driven everyone who sees it to suicide, and follows Sandra Bullock and two five-year-old children on a desperate blindfolded gauntlet down a raging river in search of safe haven. Wed, 09 Jan 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=255 Tiny Violins for Very Large Men http://coloradotaxcoach.com/blog.php?id=254 2019 is here, and it's almost time to file your first tax return under the new law. But you probably sat around watching sports all weekend instead of talking taxes, didn't you. (Did Santa bring a new TV?) So, as we ring in the New Year, let's take a look at how the new tax bill affects some of those athletes you've been watching. Wed, 02 Jan 2019 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=254 The Tax Consequences of Losing your Job http://www.coloradotaxcoach.com/newsletter.php#3 If you've lost your job, you may have questions surrounding unemployment compensation, severance, and other issues that could affect your tax situation. Tue, 01 Jan 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#3 Tax Tips for Older Americans http://www.coloradotaxcoach.com/newsletter.php#2 Everyone wants to save money on their taxes, and older Americans are no exception. If you're age 50 or older, here are six tax tips that could help you do just that. Tue, 01 Jan 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#2 Important Tax Changes for Individuals and Businesses http://www.coloradotaxcoach.com/newsletter.php#1 Welcome, 2019! Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts, here's what you need to know. Tue, 01 Jan 2019 09:00:00 -0600 http://www.coloradotaxcoach.com/newsletter.php#1 Great Moments in Tax Litigation http://coloradotaxcoach.com/blog.php?id=253 Some of the greatest stories in America reach their dramatic finale in a courtroom. Who doesn't admire Gregory Peck as Atticus Finch standing up to racism in Jim Crow-era Alabama in To Kill A Mockingbird? Who can forget Tom Cruise baiting Jack Nicholson into bellowing out that yes, he did order the Code Red at the end of A Few Good Men? And who can't imagine the smile of relief on O.J. Simpson's face when the jury announced they had found him not guilty? (Good thing he's finally out of jail so he can pick up his search for the real killers!) Fri, 28 Dec 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=253 Great Moments in Tax Litigation http://coloradotaxcoach.com/blog.php?id=252 Some of the greatest stories in America reach their dramatic finale in a courtroom. Who doesn't admire Gregory Peck as Atticus Finch standing up to racism in Jim Crow-era Alabama in To Kill A Mockingbird? Who can forget Tom Cruise baiting Jack Nicholson into bellowing out that yes, he did order the Code Red at the end of A Few Good Men? And who can't imagine the smile of relief on O.J. Simpson's face when the jury announced they had found him not guilty? (Good thing he's finally out of jail so he can pick up his search for the real killers!) Fri, 28 Dec 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=252 Holiday Tax Advice From Epidemiologists http://coloradotaxcoach.com/blog.php?id=251 Holiday season is in full swing, and millions of Americans are celebrating with their favorite libations. Breweries are rolling out their winter brews. Wine stores are stocking up on champagne. And somewhere in a gentrifying warehouse district near you, a hipster bartender in a flannel shirt and man bun is crafting his favorite seasonal cocktail. Wed, 26 Dec 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=251 The Man With the (Tax-Free) Bag http://coloradotaxcoach.com/blog.php?id=250 These days it seems like every day brings new controversy to further divide Americans: red states squaring off against blue states and partisanship crossing the line into tribalism. And that's just as true with the holidays as with anything else. Is fruitcake really an abomination? Is Die Hard really a Christmas movie? Is Baby It's Cold Outside really a musical #MeToo violation in two-part harmony? Wed, 12 Dec 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=250 Paying Your Tax Bill With Magic Beans? http://coloradotaxcoach.com/blog.php?id=249 If you pay attention to financial news, you can't escape hearing about Bitcoin and other cryptocurrencies. Bitcoin is just like country music, Justin Bieber, and pineapple on pizza â?? people either love it, or hate it, but there's no middle ground. The billionaire Warren Buffet dismisses it as a "mirage," a "Buck Rogers" phenomenon, and "rat poison squared." But legions of fans see it someday replacing government-backed currencies. Odds are good that one of the millennials at your holiday table believes in Bitcoin as hopefully as they used to believe in Santa Claus. Wed, 05 Dec 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=249 Carrots Versus Sticks http://coloradotaxcoach.com/blog.php?id=248 Take a look at our Internal Revenue Code. No, really, take a good look. (You can buy it on Amazon for just $161.89: two thick paperbacks totaling 4,968 pages. You even get free Prime shipping!) At first glance, it's all about the revenue. For FY 2019, federal income taxes should hit nearly $1.7 trillion. Payroll taxes will top $1.2 trillion. Corporate taxes, $225 billion. And estate taxes will generate somewhere around $20 billion, depending on how many billionaires die (#dropinthebucket). Thu, 29 Nov 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=248 Over-the-Top Thanks For This Tax \"Break\" http://coloradotaxcoach.com/blog.php?id=247 Wall Streeters have a lot to give thanks for this holiday season. Earnings are up, so bonuses are up. And that, in turn, means taxes are up, too. The New York Post just reported that Wall Street Bankers Are Throwing Excessive Parties To Dodge Taxes. But will the wining and dining actually put money back in their pockets? Or is the tax angle just a convenient excuse to party up a storm on the company tab? Wed, 21 Nov 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=247 Over-the-Top Thanks For This Tax \"Break\" http://coloradotaxcoach.com/blog.php?id=246 Wall Streeters have a lot to give thanks for this holiday season. Earnings are up, so bonuses are up. And that, in turn, means taxes are up, too. The New York Post just reported that Wall Street Bankers Are Throwing Excessive Parties To Dodge Taxes. But will the wining and dining actually put money back in their pockets? Or is the tax angle just a convenient excuse to party up a storm on the company tab? Wed, 21 Nov 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=246 LeBron James Scoffs at These Taxes http://coloradotaxcoach.com/blog.php?id=245 If you were coaching your kid's basketball team, you wouldn't win many games if you told them to aim for the backboard. Your opponents might love you, but there would be at least one dad in the stands screaming at you the entire time. So why have some tax collectors given up aiming for the hoop and settled for rebounds? Mon, 19 Nov 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=245 Accountants Behaving Badly, Part 40 http://coloradotaxcoach.com/blog.php?id=244 Big-league baseball players like the ones who just wrapped up the World Series enjoy careers that last 5.9 years on average, and with 162 games per year, they enjoy lots of chances to be heroes. But eventually, even the best of them hang up their cleats and join the rest of us in the real world. The lucky ones find high-profile gigs running car dealerships or calling games from the broadcast booth. But every once in a while, a former player manages to makes headlines where you'd least expect them â?? like working as an accountant! Wed, 31 Oct 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=244 A Scary Disconnect http://coloradotaxcoach.com/blog.php?id=243 Legend holds that in 1494, an Italian friar named Luca Pacioli was sitting under an apple tree when an apple bounced off his head. In a flash of insight, he invented the "double-entry bookkeeping" system where each entry has a corresponding and opposite entry to a different account. Those entries, called debits and credits, help accountants avoid headaches â?? if the debits and credits don't balance, there's a mistake somewhere. (Some of you may be thinking that was Sir Isaac Newton with the apple inventing gravity, but this is our story and we're sticking to it.) Wed, 24 Oct 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=243 The Taxpayer Who Never Was http://coloradotaxcoach.com/blog.php?id=242 Life is full of ups and downs, and sometimes the downs can be so low that it doesn't feel like there's ever going to be an up again. How many people have dreamed of faking their own death and disappearing under a new identity, never to return to their problems again? It's called "pseudocide," and it's popular enough that novelists have a field day writing thrillers about it. John Grisham pulls some variation of that stunt in half a dozen books, and J.K Rowling, Tom Clancy, and Gillian Flynn (Gone Girl) have all joined him in that theme. Wed, 17 Oct 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=242 Don\'t Let These Guys Catch You Paying Taxes! http://coloradotaxcoach.com/blog.php?id=241 Streaming TV services like Netflix have changed how we watch television, dropping an entire season of a series at once for us to binge on. They've even breathed new life into "quality television," a phrase that used to provoke laughs from that insufferably smug type of person who used to brag that they didn't even own what we all used to call the "idiot box." Wed, 10 Oct 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=241 Something to Fight About! http://coloradotaxcoach.com/blog.php?id=240 Fall is officially here, and that means whiskey season is back. Most drinkers probably don't think much about taxes when they visit their favorite bar or spirits shop. Liquor levies are generally based on volume, not price, so you pay the same amount of tax on a $4 fifth of Olde Ocelot as the swells pay for their $269 Pappy Van Winkle. But did you know that whiskey played a central role in our country's first tax protest, which took place around this same season 224 years ago? Wed, 03 Oct 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=240 All Fun and Games http://coloradotaxcoach.com/blog.php?id=239 Some of the world's most popular board games give players the chance to live out professional fantasies. Aspiring property sharks can cheat each other with the classic Monopoly. Would-be Sherlock Holmeses can track down killers with Clue. Armchair generals can settle down to an evening of Risk. But until today there's never been a game to let aspiring tax planners outwit the Internal Revenue Code. Shouldn't that be at least as much fun as figuring out it was Colonel Mustard in the Library with the candlestick? Wed, 26 Sep 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=239 R-E-S-P-E-C-T the Plan http://coloradotaxcoach.com/blog.php?id=238 Aretha Franklin left this world with a musical legacy for the ages. The Queen of Soul started singing for her father's "gospel carnival tours" at 12, cut her first record at 18, and scored her first hit a year later. She went on to record 112 hit singles, including 20 #1s, and won 18 Grammies. She performed for presidents and even sang for a real queen (of England). When word broke of her death last month, many questioned who on earth could possibly sing at her funeral? (Answer: Stevie Wonder, Jennifer Hudson, and many more.) Wed, 19 Sep 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=238 Floating Palace, Indeed! http://coloradotaxcoach.com/blog.php?id=237 This week's story is a briny chowder of petty vandalism, tax avoidance, partisan posturing, and flat-out misinformation. There's probably something in here to offend everyone. So buckle your seat belts and get ready for a ride! Wed, 12 Sep 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=237 Awwww, He Has His Daddy\'s. . . Tax Break? http://coloradotaxcoach.com/blog.php?id=236 Mother Nature knew exactly what she was doing when she made babies cute. In fact, evolutionary biologists at Oxford University recently concluded they evolved that way to survive by encouraging the rest of us to look after them. "This is the first evidence of its kind to show that cuteness helps infants to survive by eliciting care-giving, which cannot be reduced to simple, instinctual behaviours," says professor Morten Kringelbach. (And couldn't Oxford have found something less obvious to study?) Wed, 05 Sep 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=236 Awwww, He Has His Daddy\'s. . . Tax Break? http://coloradotaxcoach.com/blog.php?id=235 Mother Nature knew exactly what she was doing when she made babies cute. In fact, evolutionary biologists at Oxford University recently concluded they evolved that way to survive by encouraging the rest of us to look after them. "This is the first evidence of its kind to show that cuteness helps infants to survive by eliciting care-giving, which cannot be reduced to simple, instinctual behaviours," says professor Morten Kringelbach. (And couldn't Oxford have found something less obvious to study?) Wed, 05 Sep 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=235 Can You Imagine the Smell? http://coloradotaxcoach.com/blog.php?id=234 The tax code may look like 70,000-odd pages of monkey-banging gibberish. But there really is a twisted logic to it. Think of it as a series of red lights and green lights. Red lights, like Section 1 (setting out rates), Section 1401 (imposing the net investment income tax), and Section 1432 (imposing employment taxes) make you stop and pay tax. Green lights, like Section 105 (making employer health benefits tax-free), Section 162 (making "ordinary and necessary" business expenses deductible), and Section 170 (making charitable gifts deductible) let you go without paying tax. Wed, 29 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=234 IRS Loves \"New\" Math http://coloradotaxcoach.com/blog.php?id=233 Parenting is full of all sorts of milestones. Some of them are precious, like your child's first steps, their first words, and their first day of school. Some of them are less welcome, like a first broken bone, or a visit from the law. But there's one milestone that takes some parents by surprise, and that's the day they realize they can't help their kid with math homework anymore. This is especially jarring when the kids come home insisting their teacher taught them 2+2=5. The "new" math can't be that different from the "old" math? It's still just math, right? Wed, 22 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=233 IRS Loves \"New\" Math http://coloradotaxcoach.com/blog.php?id=232 Parenting is full of all sorts of milestones. Some of them are precious, like your child's first steps, their first words, and their first day of school. Some of them are less welcome, like a first broken bone, or a visit from the law. But there's one milestone that takes some parents by surprise, and that's the day they realize they can't help their kid with math homework anymore. This is especially jarring when the kids come home insisting their teacher taught them 2+2=5. The "new" math can't be that different from the "old" math? It's still just math, right? Wed, 22 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=232 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=231 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=231 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=230 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=230 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=229 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=229 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=228 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=228 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=227 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=227 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=226 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=226 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=225 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=225 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=224 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=224 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=223 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=223 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=222 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=222 Love Stinks. Yeah, Yeah http://coloradotaxcoach.com/blog.php?id=221 The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the intimacy as husband and wife stroll hand-in-hand through the majestic tapestry of life. (Cue the rainbows, and unicorns, and George Harrison lyrics.) Wed, 15 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=221 Mark\'s Terrible, Horrible, No Good, Very Bad Day http://coloradotaxcoach.com/blog.php?id=220 When Mark Zuckerberg was 19 years old, he launched Facebook from his Harvard University dorm room. (Some cynics might say "stole" is a better word than "launched," but who wants to start that debate?) Since then, he's made Facebook one of the internet's most valuable brands. And as he's done it, his net worth has climbed as high as $81.6 billion, making him the world's third-wealthiest man behind Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates. Wed, 08 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=220 Now That\'s Shelter http://coloradotaxcoach.com/blog.php?id=219 Classic rock fans celebrated a milestone birthday on July 26: Rolling Stones front man and rock legend Mick Jagger turned 75! If that doesn't make you feel old, try these on for size: Aerosmith's Steven Tyler is old enough to collect maximum Social Security benefits. Cyndi Lauper still just wants to have fun, but now she's on Medicare. And 80s icon Madonna can finally take money from her IRA without paying a 10% penalty on early withdrawals. Wed, 01 Aug 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=219 It Came From Under the Ground! http://coloradotaxcoach.com/blog.php?id=218 Earlier this month, archaeologists digging in Egypt unearthed a 2,000-year-old black granite sarcophagus 16 feet below the surface. Pretty cool, right? But then they announced they were going to open it. What a terribleidea! Have they never seen The Mummy? When the lid came off, they found three skeletons rotting in some dirty water that had probably leaked in from a nearby sewage trench. But that doesn't necessarily mean an ancient undead presence didn't manage to escape, too. It's not like they could actually see it! Wed, 25 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=218 It Came From Under the Ground! http://coloradotaxcoach.com/blog.php?id=217 Earlier this month, archaeologists digging in Egypt unearthed a 2,000-year-old black granite sarcophagus 16 feet below the surface. Pretty cool, right? But then they announced they were going to open it. What a terribleidea! Have they never seen The Mummy? When the lid came off, they found three skeletons rotting in some dirty water that had probably leaked in from a nearby sewage trench. But that doesn't necessarily mean an ancient undead presence didn't manage to escape, too. It's not like they could actually see it! Wed, 25 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=217 It Came From Under the Ground! http://coloradotaxcoach.com/blog.php?id=216 Earlier this month, archaeologists digging in Egypt unearthed a 2,000-year-old black granite sarcophagus 16 feet below the surface. Pretty cool, right? But then they announced they were going to open it. What a terribleidea! Have they never seen The Mummy? When the lid came off, they found three skeletons rotting in some dirty water that had probably leaked in from a nearby sewage trench. But that doesn't necessarily mean an ancient undead presence didn't manage to escape, too. It's not like they could actually see it! Wed, 25 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=216 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=215 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=215 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=214 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=214 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=213 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=213 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=212 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=212 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=211 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=211 Here\'s to Your Health! http://coloradotaxcoach.com/blog.php?id=210 When Congress raises the hood on the tax code, they're usually working to raise money to pay for government. But sometimes they're more interested in nudging us to behave in ways they can't legislate directly. Take the mortgage interest deduction, for example, which "cost" the Treasury $69.7 billion in 2013. That deduction encourages millions of Americans to spend billions of dollars buying homes, building homes, renovating money pits, and keeping their homes looking spiffy â?? all of which returns billions more through our overall economy. Mon, 23 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=210 Don\'t Cry 4-3, Argentina http://coloradotaxcoach.com/blog.php?id=209 Americans love a champion, and every year, sports fans get to see new champions crowned. We've got a World Series, a Super Bowl, and NBA finals that drag on for months. We've got the Kentucky Derby, the Indianapolis 500, and the Nathan's Famous National Hot Dog Eating Contest. And every even-numbered year, the Olympics bring us more exotic champions in curling, synchronized swimming, and dancing horses. Wed, 11 Jul 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=209 Don\'t Drink the Kool-Aid http://coloradotaxcoach.com/blog.php?id=207 Cryptocurrencies like Bitcoin, Bitcash, and Ethereum rest on a foundation of "blockchain": a continuously growing public transaction ledger consisting of records called "blocks" that are linked together and secured using cryptography. Blockchain bulls see the new technology revolutionizing all sorts of transactions, like real estate sales and medical records. Skeptics dismiss the whole effort as fool's gold, suitable for speculation but nothing more. (Hedge fund tycoon T. Boone Pickens recently tweeted that, "at [age] 89, anything with the word 'crypt' in it is a real turnoff for me.") Wed, 27 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=207 More Important Than Taxes?!? http://coloradotaxcoach.com/blog.php?id=206 Last month, we wrote that New York money manager AllianceBernstein is moving its headquarters and 1,100 employees from a slick black Manhattan skyscraper to the steaming concrete jungles of Nashville, TN. It's going to be culture shock for the firm's employees, who have to trade their harsh winters and corned beef sandwiches for milder weather and hot fried chicken. But AllianceBernstein promises employees they'll love the financial climate most of all: lower housing costs and no personal income tax. Wed, 20 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=206 More Important Than Taxes?!? http://coloradotaxcoach.com/blog.php?id=205 Last month, we wrote that New York money manager AllianceBernstein is moving its headquarters and 1,100 employees from a slick black Manhattan skyscraper to the steaming concrete jungles of Nashville, TN. It's going to be culture shock for the firm's employees, who have to trade their harsh winters and corned beef sandwiches for milder weather and hot fried chicken. But AllianceBernstein promises employees they'll love the financial climate most of all: lower housing costs and no personal income tax. Wed, 20 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=205 More Important Than Taxes?!? http://coloradotaxcoach.com/blog.php?id=204 Last month, we wrote that New York money manager AllianceBernstein is moving its headquarters and 1,100 employees from a slick black Manhattan skyscraper to the steaming concrete jungles of Nashville, TN. It's going to be culture shock for the firm's employees, who have to trade their harsh winters and corned beef sandwiches for milder weather and hot fried chicken. But AllianceBernstein promises employees they'll love the financial climate most of all: lower housing costs and no personal income tax. Wed, 20 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=204 Manly Men Doing Manly Things in Manly Ways http://coloradotaxcoach.com/blog.php?id=203 Back in the early 80s, a group of Democratic legislators decided to room together to cut the cost of staying in Washington for the three nights or so per week that Congress is in session. The motley crew included Representative George Miller of California (owner of the blue-gray house in Southeast DC), Senators Dick Durbin and Chuck Schumer, future Defense Secretary and CIA chief Leon Panetta, and others. We can only imagine whose phone numbers they posted on the refrigerator in a house like that. Pizza delivery? Of course! Liquor guy? Oh yeah. Exterminator? Maybe not a bad idea . . . . Wed, 13 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=203 Manly Men Doing Manly Things in Manly Ways http://coloradotaxcoach.com/blog.php?id=202 Back in the early 80s, a group of Democratic legislators decided to room together to cut the cost of staying in Washington for the three nights or so per week that Congress is in session. The motley crew included Representative George Miller of California (owner of the blue-gray house in Southeast DC), Senators Dick Durbin and Chuck Schumer, future Defense Secretary and CIA chief Leon Panetta, and others. We can only imagine whose phone numbers they posted on the refrigerator in a house like that. Pizza delivery? Of course! Liquor guy? Oh yeah. Exterminator? Maybe not a bad idea . . . . Wed, 13 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=202 IRS Scuttles Tax Breaks for Pirate Victims http://coloradotaxcoach.com/blog.php?id=201 It's 1715 in the Caribbean and the Golden Age of Piracy is at its peak. The War of Spanish Succession is over, and thousands of privateers are left without gainful employment. From bases hidden away in the Bahamas, buccaneers like "Calico" Jack Rackham, "Black Sam" Bellamy, and "Black Bart" Roberts gather those sailors under new commands to terrorize the seas. (Edward Teach, better known as Blackbeard, ties burning fuses into his hair to look more fearsome.) While there are never more than a few thousand pirates active at any given time, their legend will live on for centuries. Wed, 06 Jun 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=201 Guaranteed Winners http://coloradotaxcoach.com/blog.php?id=200 On May 14, the Supreme Court struck down the Professional and Amateur Sports Betting Act that had made Las Vegas the only state where bettors could gamble on college and professional sports. (Sorry, wrestling fans, no betting for you. Spoiler alert â?? the matches are fixed.) Imagine how much louder your neighborhood sports pub will get when the obnoxious drunk at the end of the bar who won't stop jabbering about his fantasy team is actually putting his money where his mouth is! Wed, 30 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=200 She Did It! http://coloradotaxcoach.com/blog.php?id=199 Early on Saturday morning, 29 million Americans woke up to take a break from school shootings, Russian collusion, and partisan gridlock to watch a California woman achieve a rare fantasy. The woman in question watched the sun rise as plain old Meghan Markle. But by the time it had set, she had become Her Royal Highness Meghan, Duchess of Sussex. (When she's in Scotland, she's the Countess of Dumbarton. In Ireland, she's the first Baroness of Kilkeel. What did your grandmother-in-law give you on your wedding day?) Wed, 23 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=199 She Did It! http://coloradotaxcoach.com/blog.php?id=198 Early on Saturday morning, 29 million Americans woke up to take a break from school shootings, Russian collusion, and partisan gridlock to watch a California woman achieve a rare fantasy. The woman in question watched the sun rise as plain old Meghan Markle. But by the time it had set, she had become Her Royal Highness Meghan, Duchess of Sussex. (When she's in Scotland, she's the Countess of Dumbarton. In Ireland, she's the first Baroness of Kilkeel. What did your grandmother-in-law give you on your wedding day?) Wed, 23 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=198 Have You Taxed a Ford Lately? http://coloradotaxcoach.com/blog.php?id=197 On May 2, fire broke out at the Meridian Magnesium Products of America plant in Eaton Rapids, Michigan. The factory supplies components to Audi, BMW, Daimler, Fiat, GM, Tesla, Jaguar and Mercedes. But their most important product may be the die-cut radiator "front bolster" supports in Ford's F-150 pickup. Workers pressure-feed molten magnesium into a mold, then rapidly cool it like Jell-O. And Meridian is the only factory that does it. No bolster, no truck. The fire has forced Ford to shut down production of the truck completely while they scramble to come up with the part. Wed, 16 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=197 Free Agent Scores Spicy Signing Bonus http://coloradotaxcoach.com/blog.php?id=196 Baseball is back in swing, and several teams have already made it clear that they won't be contending for playoff berths. The Cincinnati Reds are leading that sorry pack, the first team to lose 20 games in the season. But the Orioles, White Sox, and Rangers are all nipping at their heels. If any of them are serious about winning this year, it might be time to take a look at signing some free agents. Find an unhappy veteran, steal him away with a big salary and signing bonus, and maybe you'll be at .500 by the All-Star break! Wed, 09 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=196 No Business Like Shvo Business http://coloradotaxcoach.com/blog.php?id=195 The lights of Broadway have long shone bright as the show business capital of the United States. (Hollywood may have the movies, but it's just not the same. And Vegas? Puh-leaze.) New York theatres attract millions of visitors and billions of dollars every year. Naturally, sharp New Yorkers have co-opted show business tactics to promote all sorts of unrelated businesses. So now, we have fashion-as-theatre, restaurants-as-theatre, and even real-estate-as-theatre. Wed, 02 May 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=195 Inventing Tax Records http://coloradotaxcoach.com/blog.php?id=194 Tax Day 2018 has come and gone. Have you cleaned up the mess from the celebration? Has your hangover faded into memory? Now all that's left is to box up those records and store them somewhere safe, for . . . how long? Storing tax records is lots of fun, said no one ever, but it is important. The IRS says you should generally keep your records for three years from the date you file your return, or indefinitely if you file a fraudulent return. Having said that, some tax records have lasted a lot longer than that! Thu, 26 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=194 Quit Your Whining http://coloradotaxcoach.com/blog.php?id=193 By all rights, "Tax Day" ought to be one of our favorite holidays, like "Christmas in April" without the carols, the hype, or the eggnog. That's because eighty percent of us get refunds, averaging $2,782 each in 2017. (When was the last time Santa Claus left three grand in your stocking?) Of course, that means 20% of us are writing checks to the IRS. And if you're among that 20%, we sympathize. We know it hurts. But we're confident it does't hurt nearly as much for you as it does for a "master of the Universe" named John Paulson. Wed, 18 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=193 Talk Like a Pirate Day http://coloradotaxcoach.com/blog.php?id=192 Tis the Season for Last Minute Tax Tips as we move towards the deadline for timely submitting your 2017 Individual taxes (without extension). These tips are widely available using your friendly or not so friendly google tool and may sometimes be useful. However, anything done at the last minute is hardly performed well and may not actually best achieve your goals. If your objective is to not waste money paying taxes you donâ??t owe, my suggestion is not to wait to the last minute. You should focus on having a detailed tax plan to tell you what to do, when to do it, how to do it and why. It should be in writing and refer to the IRS Code, Revenue Procedures and any relevant tax court cases. I recommend my recent interview with Krystal 93 for your consideration. (add link here) Tue, 17 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=192 Talk Like a Pirate Day http://coloradotaxcoach.com/blog.php?id=191 Tis the Season for Last Minute Tax Tips as we move towards the deadline for timely submitting your 2017 Individual taxes (without extension). These tips are widely available using your friendly or not so friendly google tool and may sometimes be useful. However, anything done at the last minute is hardly performed well and may not actually best achieve your goals. If your objective is to not waste money paying taxes you donâ??t owe, my suggestion is not to wait to the last minute. You should focus on having a detailed tax plan to tell you what to do, when to do it, how to do it and why. It should be in writing and refer to the IRS Code, Revenue Procedures and any relevant tax court cases. I recommend my recent interview with Krystal 93 for your consideration. (add link here) Tue, 17 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=191 Talk Like a Pirate Day http://coloradotaxcoach.com/blog.php?id=190 Tis the Season for Last Minute Tax Tips as we move towards the deadline for timely submitting your 2017 Individual taxes (without extension). These tips are widely available using your friendly or not so friendly google tool and may sometimes be useful. However, anything done at the last minute is hardly performed well and may not actually best achieve your goals. If your objective is to not waste money paying taxes you donâ??t owe, my suggestion is not to wait to the last minute. You should focus on having a detailed tax plan to tell you what to do, when to do it, how to do it and why. It should be in writing and refer to the IRS Code, Revenue Procedures and any relevant tax court cases. I recommend my recent interview with Krystal 93 for your consideration. (add link here) Tue, 17 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=190 Such a Bore http://coloradotaxcoach.com/blog.php?id=189 Everyone has a mental picture of what a tax professional or accountant looks like. Probably pretty boring, right? Dull. Predictable. Not quite smart enough to do useful work, like engineering. Definitely not slick enough for sales. Probably balding and paunchy, bleary-eyed from too many late nights at the office typing numbers into boxes on government forms. But that's not always the case . . . so let's take a look at a couple of fun stories that shatter that stereotype. Wed, 11 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=189 Auditors on Deck http://coloradotaxcoach.com/blog.php?id=188 Since 1921, code section 1031 has let you exchange property you've held for business or investment without paying tax on your gains. These "like-kind" exchanges usually involve real estate. They also include vehicles and equipment â?? if an up-and-coming CEO wants to swap his company's tired old Gulfstream IV for a newer, shinier model V, that's cool, too. The IRS has even ruled that "trades of player contracts owned by major league baseball clubs will be considered exchanges of like-kind property." But last year's Tax Cuts and Jobs Act trimmed the roster on like-kind exchanges to real estate only. And that means some teams may already be behind in the count for taxes they owe on their trades! Tue, 03 Apr 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=188 Where Does Cardi\'s Money Go? http://coloradotaxcoach.com/blog.php?id=187 Apparently, Cardi really is stacking some nice paper. On March 22, she recorded an angry rant demanding to know where her tax dollars go. "So you know the government is taking 40% of my taxes. And, Uncle Sam, I want to know whatchyou doing with my [gerund favored by rappers] tax money. Because, you know what I'm saying? When you donate, when you donate to a kid from a foreign country, they give you updates of what they're doing with your donation." She complained about rats infesting New York City's subway, and concluded, like any good auditor, "I want receipts." Wed, 28 Mar 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=187 Ooops! http://coloradotaxcoach.com/blog.php?id=186 Ten months and 18 days later, President Reagan signed the Tax Reform Act of 1986 into law. Two years after that, Congress passed a "technical corrections" bill to fix hundreds of drafting errors that made it into the final text. Fast forward to 2017. Technology and the internet have made everything faster, right? That includes legislation, of course. On November 2nd, House Ways & Means Chair Kevin Brady introduced the Tax Cuts and Jobs Act. There were zero hearings, handwritten amendments in the middle of the night, and a quick "never mind" when Senators realized they had accidentally killed the Research & Development credit. Fri, 23 Mar 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=186 IRS Investigates Pot of Gold at End of Rainbow http://coloradotaxcoach.com/blog.php?id=185 St. Patrick's Day is here, and every "Irish for a day" tippler in your social circle will take advantage of this convenient excuse to haul grandma out of the house for a little day-drinking. (It seems unnecessary on a Saturday, but whatever.) Faux-Irish saloons across America are tapping kegs of Guinness, pouring shots of Jameson, and covering their walls and ceilings in every Celtic cliche they can find: the shamrocks, the hats, the green beads, and of course, the leprechaun jealously guarding his pot of gold at the end of the rainbow. Wed, 14 Mar 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=185 Area Man Treats Colleague to Dinner, Drinks http://coloradotaxcoach.com/blog.php?id=184 The three-martini lunch has a long and mostly honorable history as a deductible business expense. As former President Gerald Ford once said, "Where else can you get an earful, a bellyful, and snootful at the same time?" Ford's successor, famed buzzkill Jimmy Carter, tried (and failed) to cut the deduction from 100% to 50%. The Tax Reform Act of 1986 succeeded in that goal, and today's business diner has probably switched from martinis to white wine. But old habits die hard â?? check any happening lunch spot and you'll find happy diners eating partly on Uncle Sam's dime. Mon, 12 Mar 2018 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=184 This Will Make You Love the Income Tax. . . http://coloradotaxcoach.com/blog.php?id=183 We Americans have fought with our internal revenue code since 1913. But slicing and dicing income, deductions, and a dizzying array of business and personal credits is hardly the only way that Uncle Sam could raise the money he needs to pay for guns and butter. State and local governments also use sales taxes, payroll taxes, property taxes, excise taxes, and "gross receipts" taxes to fill their hungry coffers, too. Thu, 01 Mar 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=183 Romantic Tax Collectors Love Valentine\'s Day, Too http://coloradotaxcoach.com/blog.php?id=182 62% of Americans say they'll celebrate Valentine's Day. (Of course, that means the rest of us will just try to keep our heads down and pretend it's just another blah February day.) But with all those Cupid's arrows flying around, shouldn't the tax man get a little love, too? Wed, 14 Feb 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=182 Trump's new Tax Code? Are Real Estate Investors screwed? http://coloradotaxcoach.com/blog.php?id=181 Is the new tax code going to help or hurt real estate investors? I've heard mix reports on weather we are screwed or not. Our guest Larry Stone, CPA will tell us what to expect, and it may not be what you think. Listen to Larry as he tells us what we need to do as investors and if we can take advantage of this bill! Fri, 19 Jan 2018 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=181 A Different Kind of Holiday Party http://coloradotaxcoach.com/blog.php?id=180 Your kids have finally finished eating their Halloween candy, which means that the real holidays are right around the corner. But before you sit down to open presents, December 16th marks the 244th anniversary of an important holiday in tax history â?? a pop-up costume ball in Boston Harbor called the Boston Tea Party Wed, 13 Dec 2017 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=180 Ivy League Tax Problems http://coloradotaxcoach.com/blog.php?id=179 They say that "what goes up must come down." But that's not true when it comes to college costs. Mon, 27 Nov 2017 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=179 The Rock Star, The Nude Estates, and the Lithuanian Shopping Mall http://coloradotaxcoach.com/blog.php?id=178 The tax implications of owning offshore companies. Wed, 15 Nov 2017 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=178 Naughty or Nice http://coloradotaxcoach.com/blog.php?id=176 An article on tracking behavior Wed, 28 Dec 2016 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=176 Chocolate Covered Anything Day http://coloradotaxcoach.com/blog.php?id=175 An article about chocolate and taxes. Fri, 16 Dec 2016 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=175 Taxes and Gift Horses http://coloradotaxcoach.com/blog.php?id=174 Tax implications of forgiven student loans Tue, 06 Sep 2016 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=174 Back-to-School http://coloradotaxcoach.com/blog.php?id=173 A article about teacher and the expenses they can deduct. Tue, 30 Aug 2016 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=173 Holy Taxes, Batman! http://coloradotaxcoach.com/blog.php?id=171 Wed, 30 Jul 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=171 Berkshire Giveaway http://coloradotaxcoach.com/blog.php?id=170 Wed, 23 Jul 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=170 Cleveland Rocks! http://coloradotaxcoach.com/blog.php?id=169 Wed, 16 Jul 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=169 Inside Job http://coloradotaxcoach.com/blog.php?id=167 Wed, 09 Jul 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=167 Winning the Real World Cup http://coloradotaxcoach.com/blog.php?id=166 Wed, 02 Jul 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=166 Words of Wisdom http://coloradotaxcoach.com/blog.php?id=165 Wed, 25 Jun 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=165 Honey or Vinegar? http://coloradotaxcoach.com/blog.php?id=164 An article about Calcione and threatening the IRS! Wed, 11 Jun 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=164 Tax Man Asks "What's On The Grill?" http://coloradotaxcoach.com/blog.php?id=162 An article on Her Majesty's Revenue & Customs and Big Brother. Wed, 28 May 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=162 Oops! http://coloradotaxcoach.com/blog.php?id=161 An article about Iowa taxes, a mistake and the lawyer who found it. Wed, 28 May 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=161 From Russia With Love http://coloradotaxcoach.com/blog.php?id=160 An article on Putin, taxes, the IRS and penalties. Wed, 14 May 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=160 Nice Mouth http://coloradotaxcoach.com/blog.php?id=159 The IRS and Los Angeles Clippers owner Donald Sterling Wed, 07 May 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=159 Toby Keith\'s \"I Love This Tax Problem\" http://coloradotaxcoach.com/blog.php?id=158 An article about Toby Keith, the IRS and unpaid sales tax. Wed, 30 Apr 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=158 The New Known Unknown http://coloradotaxcoach.com/blog.php?id=153 An article about Donald Rumsfeld and taxes. Wed, 23 Apr 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=153 Fall into a Fortune http://coloradotaxcoach.com/blog.php?id=157 An article about the IRS and injuries that are tax exempt. Wed, 09 Apr 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=157 A Little Bit of Tax http://coloradotaxcoach.com/blog.php?id=154 An article about how bitcoin should be taxed. Wed, 02 Apr 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=154 Fast Track to the Presidency http://coloradotaxcoach.com/blog.php?id=156 An article about the IRS and scams. Wed, 26 Mar 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=156 Seasoned Octopus http://coloradotaxcoach.com/blog.php?id=155 An article about the IRS and fraud. Wed, 19 Mar 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=155 Finders, Keepers? http://coloradotaxcoach.com/blog.php?id=152 An article about the IRS and lost treasures. Wed, 12 Mar 2014 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=152 I\'d Like to Thank the Academy http://coloradotaxcoach.com/blog.php?id=151 An article about the Oscars, stars and states. Wed, 05 Mar 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=151 Now We Know Why She\'s Dancing http://coloradotaxcoach.com/blog.php?id=150 An article about the seventies rock stars ABBA and their tax obligations. Thu, 27 Feb 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=150 And the Gold Goes To . . . ! http://coloradotaxcoach.com/blog.php?id=149 An article on gold medal awards for silly taxes. Thu, 20 Feb 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=149 There\'s an App for That http://coloradotaxcoach.com/blog.php?id=148 An article about the IRS app Wed, 12 Feb 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=148 Adding Insult to Super Bowl Injury http://coloradotaxcoach.com/blog.php?id=147 Taxes, Super Bowl and Payton Manning Thu, 06 Feb 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=147 Le Grand Tax Savings http://coloradotaxcoach.com/blog.php?id=146 An article about France, McDonald's and tax loopholes. Wed, 29 Jan 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=146 Excuses, Excuses http://coloradotaxcoach.com/blog.php?id=145 An article about Charles Adams and his tax evasions schemes. Wed, 22 Jan 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=145 The Endangered Species List http://coloradotaxcoach.com/blog.php?id=144 An article about the IRS and Swiss banking Thu, 16 Jan 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=144 Test Your Tax Knowledge http://coloradotaxcoach.com/blog.php?id=143 A quiz about tax rates, celebrities with tax issues and complex tax language Wed, 08 Jan 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=143 Resolutions We\'d Like to See http://coloradotaxcoach.com/blog.php?id=142 An article about suggested changes to the tax code. Thu, 02 Jan 2014 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=142 Thoughts on Taxes for 2014 http://coloradotaxcoach.com/blog.php?id=141 An article about quotes and thoughts on taxes. Thu, 26 Dec 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=141 The Naughty List http://coloradotaxcoach.com/blog.php?id=140 An article about naughty things people do with taxes. Thu, 26 Dec 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=140 \"Ardente!\" is Portuguese for \"Hot!\" http://coloradotaxcoach.com/blog.php?id=139 An article about Luis Alexandre Cardoso de Magalhaesand his former girlfriend, Vanessa Alcantara. Wed, 11 Dec 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=139 Coach\'s Challenge http://coloradotaxcoach.com/blog.php?id=138 A look at the IRS, taxes and professional coaches. Wed, 04 Dec 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=138 That\'s a Lot of Gravy! http://coloradotaxcoach.com/blog.php?id=137 An article about Thanksgiving being very taxable with our friends at the IRS. Wed, 27 Nov 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=137 2013 Year-End Outlook: Higher Taxes Are Here http://coloradotaxcoach.com/blog.php?id=136 An article about the 2013 Year-End Outlook: Higher Taxes Are Here Fri, 22 Nov 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=136 What\'s In A Name? http://coloradotaxcoach.com/blog.php?id=135 An article about Michael Jackson's estate and the IRS. Wed, 20 Nov 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=135 #Windfall http://coloradotaxcoach.com/blog.php?id=134 An article about twitter going public and the resulting tax windfall for the IRS. Wed, 13 Nov 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=134 Death and Taxes and Zombies http://coloradotaxcoach.com/blog.php?id=133 An article about Arizona State professor Adam Chodorow's groundbreaking new work, Death and Taxes and Zombies. Wed, 06 Nov 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=133 Touchdown, IRS? http://coloradotaxcoach.com/blog.php?id=132 An article about the NFL, professional sports and our friends at the IRS. Thu, 31 Oct 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=132 Voting With Your Feet http://coloradotaxcoach.com/blog.php?id=131 An article about Richard Branson and the lower tax rate enjoyed living on his island. Thu, 24 Oct 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=131 Story Problems for Grownups http://coloradotaxcoach.com/blog.php?id=130 A story about the IRS, Steven Martinez and fraud gone bad. Wed, 16 Oct 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=130 Try Looking in the Couch Cushions http://coloradotaxcoach.com/blog.php?id=129 An article about the accountability and the IRS and thier lack of record keeping Fri, 11 Oct 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=129 Horsing Around With Tax Preparers http://coloradotaxcoach.com/blog.php?id=128 An article about the Horse Act of 1884 and enrolled agents Thu, 03 Oct 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=128 When the IRS Comes a-Knockin\' http://coloradotaxcoach.com/blog.php?id=127 An article about Vincent Burroughs, Dora Abrahamson, and sleeping with your IRD auditor. Wed, 18 Sep 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=127 When 20 > 20.1 http://coloradotaxcoach.com/blog.php?id=126 An artciel about taxes and professional sports Fri, 06 Sep 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=126 Hit \'Em Where It Hurts http://coloradotaxcoach.com/blog.php?id=125 An article about corporations, fraud and penalties-is it fair? Wed, 28 Aug 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=125 Are You Sitting Down? http://coloradotaxcoach.com/blog.php?id=124 An article describing estate taxes, William Davidson, and estate tax returns Thu, 22 Aug 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=124 Sentencing Reform http://coloradotaxcoach.com/blog.php?id=123 The IRS and sentencing reform, Mary Curran and IRS penalties. Wed, 14 Aug 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=123 Can You Keep A Secret? http://coloradotaxcoach.com/blog.php?id=122 An article about tax reform and politics, Congress and secrets. Wed, 07 Aug 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=122 Putting for Dough http://coloradotaxcoach.com/blog.php?id=121 An article about Phil Mickelson, golf, and the taxes paid in winnings and endorsements. Wed, 31 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=121 What\'s Not to \"Like\"? http://coloradotaxcoach.com/blog.php?id=120 An article about Rashia Wilson, convicted of tax fraud, is sentenced to 21 years. Wed, 24 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=120 Hotties and Notties http://coloradotaxcoach.com/blog.php?id=119 An article describing the tax attractiveness of countries around the world. Wed, 17 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=119 Bada-Ching! http://coloradotaxcoach.com/blog.php?id=118 An article about James Gondolfini, the IRS and estate taxes. Wed, 10 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=118 You Think You Got Audited? http://coloradotaxcoach.com/blog.php?id=117 An article describing IRS audits and Raymond J. Lane Wed, 03 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=117 The IRS at the Wedding http://coloradotaxcoach.com/blog.php?id=116 An article about the IRS, weddings, tax deductions and filing jointly. Wed, 03 Jul 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=116 Dad and Taxes http://coloradotaxcoach.com/blog.php?id=115 An article about Dads, Father's Day and taxes. Wed, 19 Jun 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=115 Party Time at the IRS http://coloradotaxcoach.com/blog.php?id=114 An article about the IRS over-spending, conventions and following the rules. Wed, 12 Jun 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=114 An Apple a Day http://coloradotaxcoach.com/blog.php?id=113 An article about how Apple Inc's tax strategy is used to reduce its tax obligations. Wed, 05 Jun 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=113 You Think Your Taxes Are High? http://coloradotaxcoach.com/blog.php?id=112 An article about France, the United States and taxes. Wed, 29 May 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=112 Don\'t Be Like These People http://coloradotaxcoach.com/blog.php?id=111 An article about assorted tax frauds and jail times. Wed, 22 May 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=111 Who\'s Afraid of the Big Bad Wolf? http://coloradotaxcoach.com/blog.php?id=110 An article on tax related crimes. Wed, 15 May 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=110 Late Night Taxes http://coloradotaxcoach.com/blog.php?id=109 A funny look at late night jokes and taxes Fri, 10 May 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=109 Play Ball http://coloradotaxcoach.com/blog.php?id=108 An article discussing baseball, taxes and stats. Thu, 02 May 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=108 Very Serious Stuff http://coloradotaxcoach.com/blog.php?id=107 A humourous look at local and state government are various silly tax laws. Wed, 24 Apr 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=107 More Gossip About Presidents and Taxes http://coloradotaxcoach.com/blog.php?id=106 An article about President Obama and taxes. Wed, 17 Apr 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=106 Hereeeee\'s Jimmy http://coloradotaxcoach.com/blog.php?id=105 The Tonight Show moves to NY state and receives tax incentives. Wed, 10 Apr 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=105 New Audit Risk http://coloradotaxcoach.com/blog.php?id=100 Thu, 04 Apr 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=100 Marry for Love http://coloradotaxcoach.com/blog.php?id=99 A humorous collection of various tax quotes. Wed, 27 Mar 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=99 Help Wanted http://coloradotaxcoach.com/blog.php?id=98 The IRS and employment Fri, 22 Mar 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=98 A Rate of Your Own http://coloradotaxcoach.com/blog.php?id=97 A humorous look at taxes; this week we talk about tax rates of the rich and famous. Wed, 13 Mar 2013 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=97 Tax Strategies for Asteroid Impacts http://coloradotaxcoach.com/blog.php?id=96 How to deduct being hit by an asteroid Wed, 06 Mar 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=96 Cruising in Style http://coloradotaxcoach.com/blog.php?id=95 Tax results for Carnival Mon, 04 Mar 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=95 Biggest. Crybabies. Ever http://coloradotaxcoach.com/blog.php?id=94 Using foreign accounts to cheat the IRS. Mon, 04 Mar 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=94 Sneaky Sneaker Tax http://coloradotaxcoach.com/blog.php?id=93 Creative tax ideas to collect more money. Wed, 13 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=93 The Best Investment in Today's Economy http://coloradotaxcoach.com/blog.php?id=91 Lobbying for tax reductions is your best investment. Sun, 10 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=91 New Simplified Home Office Deduction http://coloradotaxcoach.com/blog.php?id=89 New rules make having a home office easier to do Sun, 10 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=89 Laissez Les Bons Temps Roulez. And Pay Up! http://coloradotaxcoach.com/blog.php?id=88 Impact of taxes on the Superbowl. Sun, 10 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=88 Her Majesty, the Snoop http://coloradotaxcoach.com/blog.php?id=92 IRS audit procedure. Sun, 10 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=92 Bad News From Your Friend at the IRS http://coloradotaxcoach.com/blog.php?id=90 Bad news IRS Problems affect you the taxpayer. Sun, 10 Feb 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=90 New Simplified Home Office Deduction http://coloradotaxcoach.com/blog.php?id=87 IRS approves simplified Home Office deduction on your taxes. Mon, 28 Jan 2013 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=87 Final Tax Thoughts for 2012 http://coloradotaxcoach.com/blog.php?id=86 Some thoughts related to the fiscal cliff and taxes. Thu, 27 Dec 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=86 By Any Other Name http://coloradotaxcoach.com/blog.php?id=85 The difference between a tax and a fee is what you imagine. Fri, 14 Dec 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=85 Powerball Tax Planning http://coloradotaxcoach.com/blog.php?id=84 Decisions involved with winning the Powerball Sat, 08 Dec 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=84 A Different Kind of Black Friday Savings http://coloradotaxcoach.com/blog.php?id=83 Walton Family owning Wal-Mart saving Millions by moving their dividend forward to 2012. Wed, 28 Nov 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=83 Jedi Tax Planning http://coloradotaxcoach.com/blog.php?id=82 Saving $100 Million with Tax Planning. Mon, 12 Nov 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=82 Tax Relief for Superstorm Sandy http://coloradotaxcoach.com/blog.php?id=80 How to deduct charitable gifts to victims of Hurricane Sandy. Sun, 11 Nov 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=80 Our Office Warming Party! http://coloradotaxcoach.com/blog.php?id=81 Your invited to attend our Office Warming Party. Fri, 09 Nov 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=81 Watching Out for the Cliff http://coloradotaxcoach.com/blog.php?id=79 Expected changes in taxes. Wed, 07 Nov 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=79 Plan Now or Pay Later http://coloradotaxcoach.com/blog.php?id=77 If you're like most builders, you heard about tax Armageddon or the fiscal cliff? Sat, 03 Nov 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=77 Avoiding the Fiscal Cliff http://coloradotaxcoach.com/blog.php?id=78 Whether you know it, or not, the tax laws are changing at the end of the year. The changes are being referred to as the â??fiscal cliffâ?. Sat, 03 Nov 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=78 Watching Out for the Cliff http://coloradotaxcoach.com/blog.php?id=75 Tax increases scheduled Wed, 31 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=75 15, 25, 28, Hut! http://coloradotaxcoach.com/blog.php?id=76 College football receipts is 1 Billon and exempt Wed, 31 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=76 Duh! http://coloradotaxcoach.com/blog.php?id=74 Audit rates for personal returns are just over one percent. Tue, 16 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=74 Department of Worst Nightmares http://coloradotaxcoach.com/blog.php?id=73 Can the IRS agents properly use the guns that they pack? Wed, 10 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=73 Tax Code Runs Deep http://coloradotaxcoach.com/blog.php?id=69 Cars and taxes go together Thu, 04 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=69 Players Behaving Badly http://coloradotaxcoach.com/blog.php?id=72 Football greats have tax issues too Thu, 04 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=72 Living the Tax Free Live http://coloradotaxcoach.com/blog.php?id=71 Tax advantages of being the President Thu, 04 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=71 Linsanity! http://coloradotaxcoach.com/blog.php?id=70 Tax Advantages in moving to Texas. Thu, 04 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=70 Latest Government FAD http://coloradotaxcoach.com/blog.php?id=68 Federal agencies are not paying payroll tax obligations Thu, 04 Oct 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=68 Trillion Dollar Taxpayer http://coloradotaxcoach.com/blog.php?id=67 Another Corporation makes news with the amount of taxes in is paying. Sun, 02 Sep 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=67 Hot Thoughts http://coloradotaxcoach.com/blog.php?id=66 Some thoughts from the learned. Thu, 23 Aug 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=66 Bringing Home the Gold http://coloradotaxcoach.com/blog.php?id=65 IRS will help count gold medals. Mon, 20 Aug 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=65 You're Fired! http://coloradotaxcoach.com/blog.php?id=64 No one likes to pay taxes even the IRS employees. Wed, 25 Jul 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=64 Show Me the Money! http://coloradotaxcoach.com/blog.php?id=63 Tax impacts of the TomKat relationship. Fri, 13 Jul 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=63 Win Years of Luxury Vacations! http://coloradotaxcoach.com/blog.php?id=62 Help support the Summit County Rotary Club with raising money for local community projects. Wed, 11 Jul 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=62 The Cost of Reform http://coloradotaxcoach.com/blog.php?id=61 How the Court's decision affects your tax bill. Tue, 03 Jul 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=61 New Taxes Go Into Effect Due To Supreme Court Decision http://coloradotaxcoach.com/blog.php?id=60 The tax impact of the Supreme Court decision on your taxes. Thu, 28 Jun 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=60 Tax Returns of the Rich and Famous http://coloradotaxcoach.com/blog.php?id=59 Billionaires pay $40.9 Million in taxes. Tue, 19 Jun 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=59 A Big Ouch http://coloradotaxcoach.com/blog.php?id=58 Donation of $18 Million denied tax deduction. Thu, 14 Jun 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=58 Something to Scream About http://coloradotaxcoach.com/blog.php?id=57 Working for the government to pay taxes. Thu, 07 Jun 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=57 Report Card Time http://coloradotaxcoach.com/blog.php?id=56 More problems at the IRS. Sun, 03 Jun 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=56 De-Friending Uncle Sam http://coloradotaxcoach.com/blog.php?id=55 You do not have to leave the country to avoid taxes. Thu, 31 May 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=55 Green Apples http://coloradotaxcoach.com/blog.php?id=54 Apple pays less in taxes. Sun, 13 May 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=54 1099s From the Inside Out: Strategies to Make Filing Quick and Painless http://coloradotaxcoach.com/blog.php?id=53 How to meet the 1099 tax reporting requirements Thu, 10 May 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=53 Chimpanzees and Charity http://coloradotaxcoach.com/blog.php?id=52 Making charitable donations to reduce taxes. Tue, 08 May 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=52 Do Skinny Cows Make Lowfat Cheese? http://coloradotaxcoach.com/blog.php?id=51 Things people do to avoid taxes. Sat, 05 May 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=51 Tax Mistakes Industry Business Owners Make http://coloradotaxcoach.com/blog.php?id=50 Seminar on using tax planning to reduce taxes and save cash. Wed, 25 Apr 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=50 A Dubious Privilege http://coloradotaxcoach.com/blog.php?id=49 A Dubious Privilege The "Occupy Wall Street" movement argues that we live in a divided nation. First there's a gilded "1%" enjoying lives of ease and privilege. Then there's a downtrodden "99%" struggling just to stay in place. But here's a take on "the 1%" that you won't hear at your local tent city . . . The IRS is struggling just like the rest of us to carry out its mission with limited resources. Back in 2003, they audited just one out of every 203 returns. By 2010, that number was up to one out of 90. To stretch that audit budget even further, they're auditing more and more taxpayers by mail. But one study shows that 10% of IRS mail never gets where it's supposed to go, and 27% of those who do get their mail don't even realize they're actually being audited! Naturally, that leads to more and more of the paperwork screwups that every taxpayer fears. Enter Nina Olson. She's the IRS's first and only Taxpayer Advocate, a position created by the 1998 "Taxpayer Bill of Rights" act. She supervises the Taxpayer Advocate Service, a nationwide group of 2,000 caseworkers who specialize in cutting through red tape and greasing the wheels of the great gummy IRS machine. If the IRS sends your mail to the wrong address, slaps you with a lien after you've already paid your bill, or just makes a mistake they can't seem to fix, Olson's office is the one we'll call. Last month, Olson delivered a presentation to the Federal Bar Association on how "the 99%" experience the tax system. And the picture she painted makes a tent in lower Manhattan Park look like a room at the Ritz. One in three taxpayers who call the Service don't get an answer. Only half of those who write hear back within six weeks. The IRS is relying on computers instead of people to audit all but the highest-income taxpayers. And perhaps most curious of all, she says, "we're getting to a situation where the only people who get face-to-face audits are the 1%"! Now, correct us if we're wrong, but do you really consider face time with an IRS auditor a "privilege"? We all know that at least some level of government is necessary. But there are just some parts you don't want to see up close and in person. Like the "Level 4" Biolab at the Atlanta Centers for Disease Control, for example, where we store the Ebola virus, Crimean-Congo hemorrhagic fever, and other superbugs we can't risk having out on the loose. Or the "Supermax" penitentiary in Florence, Colorado, where we "store" the most dangerous felons we can't risk having out on the loose. Or the inside of any IRS Service Center! Does Olson's "1%" comment conjure up images of plush IRS offices, with thick oriental carpets and rich leather upholstery, staffed by discreet, white-gloved concierges sitting at granite-topped desks? We can assure you that when it comes to getting audited, even the 1% have to settle for the same government-issue linoleum floors, metal chairs, and battleship gray desks as everyone else. (And really, in the unlikely event you are audited, we probably won't let you go with us anyway! Trust us -- it's for your own protection.) We talk in these emails about how proactive planning cuts your tax bill. But paying less tax isn't the only perk of a good tax plan. Did you know that smart tax planning can also cut your audit risk? In fact, some strategies -- like choosing certain business entities -- can cut that risk by as much as 90%. So call us if you think face time with an auditor is a "privilege" you can do without! A Dubious Privilege The "Occupy Wall Street" movement argues that we live in a divided nation. First there's a gilded "1%" enjoying lives of ease and privilege. Then there's a downtrodden "99%" struggling just to stay in place. But here's a take on "the 1%" that you won't hear at your local tent city . . . The IRS is struggling just like the rest of us to carry out its mission with limited resources. Back in 2003, they audited just one out of every 203 returns. By 2010, that number was up to one out of 90. To stretch that audit budget even further, they're auditing more and more taxpayers by mail. But one study shows that 10% of IRS mail never gets where it's supposed to go, and 27% of those who do get their mail don't even realize they're actually being audited! Naturally, that leads to more and more of the paperwork screwups that every taxpayer fears. Enter Nina Olson. She's the IRS's first and only Taxpayer Advocate, a position created by the 1998 "Taxpayer Bill of Rights" act. She supervises the Taxpayer Advocate Service, a nationwide group of 2,000 caseworkers who specialize in cutting through red tape and greasing the wheels of the great gummy IRS machine. If the IRS sends your mail to the wrong address, slaps you with a lien after you've already paid your bill, or just makes a mistake they can't seem to fix, Olson's office is the one we'll call. Last month, Olson delivered a presentation to the Federal Bar Association on how "the 99%" experience the tax system. And the picture she painted makes a tent in lower Manhattan Park look like a room at the Ritz. One in three taxpayers who call the Service don't get an answer. Only half of those who write hear back within six weeks. The IRS is relying on computers instead of people to audit all but the highest-income taxpayers. And perhaps most curious of all, she says, "we're getting to a situation where the only people who get face-to-face audits are the 1%"! Now, correct us if we're wrong, but do you really consider face time with an IRS auditor a "privilege"? We all know that at least some level of government is necessary. But there are just some parts you don't want to see up close and in person. Like the "Level 4" Biolab at the Atlanta Centers for Disease Control, for example, where we store the Ebola virus, Crimean-Congo hemorrhagic fever, and other superbugs we can't risk having out on the loose. Or the "Supermax" penitentiary in Florence, Colorado, where we "store" the most dangerous felons we can't risk having out on the loose. Or the inside of any IRS Service Center! Does Olson's "1%" comment conjure up images of plush IRS offices, with thick oriental carpets and rich leather upholstery, staffed by discreet, white-gloved concierges sitting at granite-topped desks? We can assure you that when it comes to getting audited, even the 1% have to settle for the same government-issue linoleum floors, metal chairs, and battleship gray desks as everyone else. (And really, in the unlikely event you are audited, we probably won't let you go with us anyway! Trust us -- it's for your own protection.) We talk in these emails about how proactive planning cuts your tax bill. But paying less tax isn't the only perk of a good tax plan. Did you know that smart tax planning can also cut your audit risk? In fact, some strategies -- like choosing certain business entities -- can cut that risk by as much as 90%. So call us if you think face time with an auditor is a "privilege" you can do without! Face to face audits are down while correspondence audits are up! Sun, 22 Apr 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=49 Mad at Taxes http://coloradotaxcoach.com/blog.php?id=48 Historical tax rates down from 91%. Wed, 18 Apr 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=48 Tax Business, Russian Style http://coloradotaxcoach.com/blog.php?id=47 Tax enforcement, taxes Sun, 15 Apr 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=47 England's Tax-Subsidized Style http://coloradotaxcoach.com/blog.php?id=46 Special tax credits for movies and tv shows. Wed, 28 Mar 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=46 Il-eagle Assets? http://coloradotaxcoach.com/blog.php?id=45 Hard to value assests in your estate. Sat, 24 Mar 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=45 2012 Tax Outlook: "Campaign Heats Up" http://coloradotaxcoach.com/blog.php?id=44 Recommendations in order to adjust to the issue of increasing taxes. Fri, 16 Mar 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=44 March Madness and the IRS http://coloradotaxcoach.com/blog.php?id=43 How the IRS wins with March madness. Wed, 14 Mar 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=43 Skip Your Next Tax Payment http://coloradotaxcoach.com/blog.php?id=42 Knowledge and Networking at the French Press presents Larry Stone's Skip Your Next Tax Payment. Mon, 12 Mar 2012 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=42 7 Common Small Business Tax Misperceptions http://coloradotaxcoach.com/blog.php?id=41 Taxpayers often overpay due to misperceptions. Sun, 11 Mar 2012 10:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=41 "Like" This http://coloradotaxcoach.com/blog.php?id=40 The best time to cash out is before taxes increase in 2013. Sun, 04 Mar 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=40 And the Oscar Goes To . . . http://coloradotaxcoach.com/blog.php?id=39 IRS cleans up with taxes due to the Oscars. Thu, 01 Mar 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=39 You Are Invited - Book Launch Party - February 29th http://coloradotaxcoach.com/blog.php?id=38 You are invited to our book launch of The Secrets of a Tax Free Life on Feb 29th Thu, 23 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=38 Thank you for the best selling book. http://coloradotaxcoach.com/blog.php?id=37 I appreciate your efforts to making my first book a best seller. Wed, 22 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=37 Gimme Shelter http://coloradotaxcoach.com/blog.php?id=36 Singers struggling with tax issues. Sun, 19 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=36 Today Only! Help us make the Amazon Bestseller List Discount Inside http://coloradotaxcoach.com/blog.php?id=35 Purchase Secrets of a Tax Free Life Today for discount. Fri, 17 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=35 Available for purchase tomorrow is \"Secrets of a Tax-Free Life\". http://coloradotaxcoach.com/blog.php?id=34 Watch for email on Friday for special book purchase offer. Thu, 16 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=34 The Super Bowl and Tax Planning http://coloradotaxcoach.com/blog.php?id=33 Financial defense means spending less money. Mon, 13 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=33 Romney Hot Seat http://coloradotaxcoach.com/blog.php?id=32 When it comes to paying less, how you make your money is important. Wed, 01 Feb 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=32 Can't Buy Me Love http://coloradotaxcoach.com/blog.php?id=31 Worth half a billion dollars and owes taxes. Wed, 25 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=31 IRS Goes Where The Money Is http://coloradotaxcoach.com/blog.php?id=30 As a bank robber, IRS goes where the money is. Mon, 23 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=30 Secrets of a Tax Free Life http://coloradotaxcoach.com/blog.php?id=29 New book available to save cash in taxes. Fri, 13 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=29 Tax Detectives on the Case http://coloradotaxcoach.com/blog.php?id=28 IRS agents chasing real estate gifts given to children Wed, 11 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=28 How to Beat the IRS Legally! http://coloradotaxcoach.com/blog.php?id=27 Strategies to reduce your taxes and save cash. Tue, 10 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=27 Nickels and Dimes http://coloradotaxcoach.com/blog.php?id=26 Struggling ecomony and tax payments hurt. Mon, 09 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=26 Avoid Big Real Estate Investors Tax Pitfalls in 2012 http://coloradotaxcoach.com/blog.php?id=25 Investors can save cash by strategically planning their taxes. Tue, 03 Jan 2012 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=25 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands http://coloradotaxcoach.com/blog.php?id=24 Saving wasted thousands of dollars in taxes you do not need to pay. Sat, 31 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=24 We're Number One! http://coloradotaxcoach.com/blog.php?id=23 Americans are #1 in absolute dollars in tax cheating. Wed, 28 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=23 Coming Soon... My Big Break! http://coloradotaxcoach.com/blog.php?id=22 Introducing new book: "Secrets of a Tax Free Life - Surprising Write-Off Strategies Most Business Owners Miss" Sun, 25 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=22 More Money for Millionaires http://coloradotaxcoach.com/blog.php?id=21 Subsidies of the Rich and Famous Wed, 21 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=21 The Dog Ate My Tax Return http://coloradotaxcoach.com/blog.php?id=20 Excuses for not paying your income taxes. Tue, 13 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=20 A Date Which Will Live In Infamy http://coloradotaxcoach.com/blog.php?id=19 Historical tax rates are low. Wed, 07 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=19 National Ski Patrol Online Auction http://coloradotaxcoach.com/blog.php?id=18 Bidding Underway at National Ski Patrol Online Auction Mon, 05 Dec 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=18 A Slice of IRS Pie http://coloradotaxcoach.com/blog.php?id=17 Collect bounties for whistleblowing to the IRS Wed, 30 Nov 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=17 "Black Friday" Tax Planning Puts Taxes on Sale! http://coloradotaxcoach.com/blog.php?id=16 What if the IRS had a Black Friday Sale? Wed, 23 Nov 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=16 One Small Reason to Give Thanks http://coloradotaxcoach.com/blog.php?id=15 Nobody likes paying taxes. Mon, 21 Nov 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=15 Today's Tax Deadline http://coloradotaxcoach.com/blog.php?id=14 45 Days Left, Plan your taxes or waste money paying taxes you don't have to pay. Wed, 16 Nov 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=14 Tax Strategies For Kim Kardashian http://coloradotaxcoach.com/blog.php?id=13 Kim's tax strategies Sat, 12 Nov 2011 09:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=13 What Would Puss Do? http://coloradotaxcoach.com/blog.php?id=12 Comparing Tax Plans Between The President and other Candidates For 2012. Mon, 31 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=12 What Do Accountants Think? http://coloradotaxcoach.com/blog.php?id=11 Questions asked Accountants about taxes. Mon, 24 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=11 Cancelled Tax Outlook Fall 2011 Presentation http://coloradotaxcoach.com/blog.php?id=10 Cancelled Tax Outlook Fall 2011 Presentation Mon, 24 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=10 Fall 2011 Tax Outlook http://coloradotaxcoach.com/blog.php?id=9 Where will tax rates go in the future Fri, 21 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=9 The More Things Change http://coloradotaxcoach.com/blog.php?id=8 Historical view of tax loopholes Mon, 17 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=8 Shooting Down the \"Snooki Subsidy\" http://coloradotaxcoach.com/blog.php?id=7 Governor Cristie does not approve tax credit for Jersey Shore Wed, 12 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=7 Chicken Little Sells Her House http://coloradotaxcoach.com/blog.php?id=6 3.8% Medicare tax on Unearned Income in 2013. Mon, 03 Oct 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=6 Tax Inspiration from Warren Buffett http://coloradotaxcoach.com/blog.php?id=5 Rising deficits puts pressure on increasing taxes. Tue, 20 Sep 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=5 Jobs and Taxes http://coloradotaxcoach.com/blog.php?id=4 Jobs and Taxes Sun, 18 Sep 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=4 Tax Thoughts For Labor Day http://coloradotaxcoach.com/blog.php?id=3 Tax Thoughts For Labor Day Mon, 05 Sep 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=3 Coddling the Rich http://coloradotaxcoach.com/blog.php?id=2 Increasing Taxes on Rich People Sat, 27 Aug 2011 09:00:00 -0500 http://coloradotaxcoach.com/blog.php?id=2 Really? http://coloradotaxcoach.com/blog.php?id=163 An article on frequent flyer miles and taxes. Thu, 01 Jan 1970 03:00:00 -0600 http://coloradotaxcoach.com/blog.php?id=163