Insights

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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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Tax Season 2022 – Tax Credits & Deductions

Tax season 2022 is officially here. And with the IRS continuing to grow overwhelmed by its increasing backlog, it’s shaping up to be another chaotic one.  Luckily for taxpayers, the CPAs and tax experts at Boxelder Consulting are always just a phone call away. Voted one of Denver’s best tax services in 2022, our team has […]

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Tax Season 2022 – Important Dates & Deadlines

It’s that time of year again — and no, we’re not talking about March Madness. Tax season is here. And with the IRS continuing to grow overwhelmed by its pandemic-induced backlog, it’s shaping up to be another hectic one.  This means, yet again, that during the busiest and most complex months for most taxpayers, you can […]

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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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“Guilty Until Proven Innocent” — Navigating IRS Collections During A Pandemic

You’ve just picked up your mail, and as you’re flipping through the stack of bills and promotional flyers, the little black logo in the top left corner of one envelope catches your eye and sends a pang of anxiety through your chest.  The IRS is trying to contact you, and unfortunately, this time, it’s not […]

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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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The S-Corp Secret: Why S-Corps are Perfect for Small Businesses

We’re gonna let you in on a little secret. Let’s say that, during the pandemic, you started up an online consulting service to make some income on the side. You probably weren’t expecting to start raking in six figures right off the bat, so it would have made sense to set up your business as […]

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