Tag: taxes

Gambling With Your Taxes

Gambling, Wins and Losses What happens in Vegas, stays in Vegas.  Unfortunately, the IRS tends to disagree with that sentiment, especially when it comes to your taxes.  Whether you are a consistent gambler or your winnings (or losses) are the

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Taxes and Traveling for Charity

Over the summer months, some people might travel to participate in charity work.  Not only is that a wonderful, selfless contribution to society, but it could also be tax deductible!  For the purposes of this blog we will not be

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Teens And Taxes- What You Need to Know

Summer Jobs and Taxes A summer job is a rite of passage for most teenagers.  It gives a taste of responsibility, builds character, and most importantly- extra spending money.  The lure of making extra money in the summer is quite

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Owe Back Taxes? PCAs, Tax Scams, And You

  An unexpected call from the IRS trying to collect back taxes is never fun, and recently, it became more likely.  In December 2015, the IRS started to use four private collection agencies (CBE, ConServe, Performant, and Pioneer) to collect

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Health Care Law and Your Taxes

health care exemptions for your taxes

The tax filing season is coming up quickly! It isn’t too early to start thinking about the health care law and how it affects your taxes. You may qualify for an exemption. The Affordable Care Act has put certain requirements

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Tax Questions Common During Tax Season

top tax questions during tax season

As 2016 is quickly drawing to a close, we are preparing for another busy tax season. In just a few more weeks, it will be time to begin gathering all of your important papers. Employers will be mailing out the

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Amendment 69: Benefits vs. Costs

amendment 69

Colorado has led the nation on a number of issues over the years. We were among the first to legalize marijuana, and now Amendment 69 aims to provide Coloradans with state-provided health insurance. This amendment, known as ColoradoCare, leaves a lot

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Taxpayer Bill of Rights -TABOR

Taxpayer bill of rights

You’ve probably heard of the Taxpayer Bill of Rights before, sometimes referred to as TABOR. But do you know what it is, exactly? To put it into layman’s terms, it’s essentially a contract which limits the growth of government in

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Beware: Newest Tax Scams

beware newest tax scams

 Most of us are familiar with the saying, “buyer beware”. We usually know that a product offered to us at a price that seems too good to be true, or a product of higher quality than what we are paying

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Charity and Donations: Why Good Records are Key to Claiming Gifts

Charity and donations are a good tax write off. When making gifts to charity, keeping good records is key to qualifying for the full charitable contribution deduction allowed by law. Donors must get a receipt from the charity for all donations

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