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Colorado Taxpayers To Each Receive $750 TABOR Refund

Updated Wednesday, June 29th, 2022 – According to revenue forecasts, economists now estimate that Colorado taxpayers will likely receive $750 in Taxpayer Bill of Rights (TABOR) refunds. This is an increase from the original $400 refunds announced in April. If estimates are correct, single filers can expect refunds of $750, and joint filers can expect […]

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TurboTax Lawsuit: FTC Sues Intuit Over Misleading ‘Free Filing’ Ads

You know the ads: “Free free, free free free free.” For years, TurboTax maker Intuit has run ad campaigns focusing on the word, “free,” but can all TurboTax users really file their taxes for free? The answer is actually no (more on that later), and in a lawsuit filed March 27 of this year, the […]

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“A New Era Of Enforcement”: What The IRS Hiring Surge Means For You

Last week, the Washington Post reported that the IRS plans to hire 5,000 new employees in the next month.  Along with the implementation of a second “surge team” of reassigned employees and contractors, the move represents the agency’s most aggressive effort yet to address its massive backlog of tax returns and correspondence — a result […]

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Boxelder Named One Of Denver’s Best Tax Services For 2022

Boxelder Consulting is honored to announce that our firm has been named to Expertise.com’s list of the Best Tax Services in Denver for 2022. Our team was selected from a competitive pool of more than 150 Denver tax firms, earning recognition for our qualifications, level of experience, availability, professionalism, and reputation.  Expertise specifically highlighted Boxelder’s […]

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Denver IRS Office to Hire 15 New Revenue Officers by End of Year

In prior articles, we’ve covered how the Biden Administration’s infrastructure bill proposes an $80 billion budget increase to the IRS over the next 10 years to enforce tax collections. And while the bill is expected to pass through the House of Representatives soon, it probably won’t become law until at least early October. But the […]

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Biden Proposes $80 Billion Increase To IRS Budget – What This Means For Taxpayers

President Biden has proposed allocating an extra $80 billion to the IRS over the next 10 years in an effort to beef up the agency’s authority. Administration officials believe that an IRS with more power to crack down on tax cheating will raise at least $700 billion within a decade. The administration also plans to […]

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Federal Taxes Waived on up to $10,200 of Unemployment Benefits – But Wait on Filing Your Amended Return

Two weeks ago, Joe Biden signed the American Rescue Plan Act of 2021, waiving federal taxes on up to $10,200 of unemployment benefits for single adults making less than 150,000 per year. For couples filing jointly, that number is doubled to $20,400. Since unemployment earnings are typically taxed just like normal wages, the unemployment tax […]

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IRS Extends the 2020 Tax Return Filing Deadline to May 17

The IRS announced Wednesday that it will delay the April 15 tax-filing deadline to May 17. This gives individual taxpayers an extra month to file their 2020 returns and pay any outstanding levies. The announcement comes several weeks after Congress called for an extended tax season to help taxpayers struggling during the COVID-19 pandemic. And […]

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IRS Leaves 75 Million Phone Calls Unanswered in 2020, New Report Finds

Botched stimulus payments. Millions of unprocessed tax returns. Now, an annual report from the National Taxpayer Advocate, Erin Collins, provides a concerning look at the current state of the IRS. Of the 100 million phone calls made to the IRS’s toll-free phone lines in 2020, only one in four were answered. That leaves about 75 […]

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