Everything you need to know about the new IRS Form W-4
In 2020, the IRS decided to make major changes to its Form W-4, the form employers use to calculate their employees’ tax withholdings. But don’t let these changes overwhelm you. Here’s what you need to know about the overhauled W-4: New W-4: No More Withholding Allowances The IRS has decided to eliminate withholding allowances from […]
6 Essential Steps to Starting Your Own Business
The fallout from the COVID-19 pandemic has left millions of Americans unemployed, wondering what comes next. But what if you could turn this setback into an opportunity? That’s exactly what over three million Americans are doing by starting their own businesses. In 2020, Americans are starting their own businesses at the fastest rate in a […]
5 Steps to Take Before Jan 1 to Save On Your Taxes
The tax rates are going down next year, so a deduction now is worth a lot more than it will be in 2018. On top of that, several popular deductions are disappearing next year or getting substantially limited. But if you act now, you can get the tax savings you had hoped to take in 2018 for your 2017 return. […]
The Crypto-Currency Act of 2020 in Congress Sets More Clear Bounds for Crypto-Property
The federal regulation of cryptocurrency and other crypto-assets is an issue of major significance. Slowly but surely, the federal government and its many agencies have taken note of the growth of cryptocurrency and have attempted to exercise control and authority. We’ve discussed, for instance, the IRS’ public statements on the taxation of bitcoin and other […]
The Potential Negative Effects of Section 280E and One-Sided Marijuana Taxation
Back in 1981, a court case took place which involved a cocaine trafficker who attempted to assert his rights to deduct ordinary business expenses under federal tax law. Section 280E was created as a direct response to this case. As we’ve discussed in our previous post, IRC Section 280E forbids businesses which generate income from […]
How Denver Investors and Tech Employees Can Minimize Their Stock Tax Bill
Here at Boxelder Consulting, we’re always searching for ways to help our clients navigate through the tax system successfully. Sometimes, this means that we assist our clients in resolving past tax debt by submitting an offer-in-compromise or installment agreement. Other times, this means alerting our clients to a new or seldom used tax break. In […]
The Stress of Tax Debt: MIT Study Indicates Stress Can Lead to Risky Decisions
A new MIT study recently confirmed what many of us probably know, but don’t slow our brains down to recognize – that chronic stress, stress that is present over time, can lead to poor decision making. Oftentimes I speak to prospective clients that have difficulty seeing their way out of IRS tax debt. They are […]
Boxelder Consulting Rescues Two Dogs with Charity Partner Rancho Del Oro Veterinary Hospital
Meet Ozzie and Gravy! Ozzie and Gravy are two adorable dogs that were recently rescued by our charity partner Rancho Del Oro Veterinary Hospital in Oceanside, CA. We have loved working with their animal shelter and helping these dogs find new and caring families! For more information on Rancho Del Oro Veterinary Hospital or to […]
Boxelder Consulting Sponsors Five Runners from Flint, Michigan in Denver Rock ‘n Roll Half Marathon
October 15, 2017 Denver, Colorado Boxelder Consulting, a Denver based tax resolution and accounting firm, sponsored five runners in the Denver Rock ‘n Roll Half Marathon on Sunday, October 15th. A unique aspect of this sponsorship is that this event brought three former Flint, Michigan, the University of Michigan and Western Michigan University athletes back […]