Insights

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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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Boxelder Tax Relief: This is the #1 Question We Hear from Prospective Tax Relief Clients

The most common question I hear from prospective tax relief clients is this: Will hiring a tax lawyer make my situation worse? In other words, am I actually calling the IRS’s attention to my case by seeking tax debt resolution? This is a reasonable question, especially given the high stakes in these situations. 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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Looking for Tax Relief Companies? Here are 4 Red-Flag Signs of Tax Debt Relief Scams

Tax debt is stressful. It’s scary. And dealing with the IRS on your own can be all-consuming. Hiring the right tax relief company can help you ease that stress and save you time and money in the long run. But far too many “tax relief companies” act with bad intentions. They prey on your stress […]

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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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