Tag Archives: IRS

Are Millennials Terrified of the IRS? Why? Is the Fear Justified?

The statistics are in: more than any other generation, millennials do everything they can to avoid dealing with the IRS. According to information from NerdWallet and Bloomberg, millennials, those between the ages of 18 and 34, are the most afraid of filing their taxes compared with all other ages. They think they will overpay, underpay […]

7 Common Mistakes People Make When They Owe The IRS

If you receive a tax bill for $10,000 or more, and you owe the IRS, you might be shocked and frozen: what steps should you take? In your frustration, you can easily make disturbingly common mistakes that could even cost you more down the road. Read on for these common errors and how you can […]

IRS Getting You Down?

Is the IRS liability getting you down and leaving you drained emotionally, physically, and financially? Let us at Highland Tax Group, Inc. go to work for you on your IRS issue. We’re here when you need us!! Don’t let the IRS get you down, and more importantly, don’t hesitate to call us at 720-398-6088.  Happy […]

5 Tips on How to Avoid IRS Scams in 2016

April 15 is just around the corner, and millions of U.S. consumers and business owners are furiously working on their returns and brainstorming how to minimize tax liabilities. Frustratingly, thousands of scammers think of “tax season” as a kind of “hunting season” – a time to target vulnerable, anxious and unsuspecting consumers hoping for refunds. […]

The Different Types of Debt You Leave Behind when You Die – Part 1

You want to plan for your heirs, leaving them with a financial legacy and possibly even giving to charity upon your passing. But what if the economic downturn of 2007 and 2008 deeply affected you? Can you avoid leaving debt to your heirs? This blog will address what happens to your mortgage and credit card […]

9 Astonishing but True Facts about the IRS

When tax time rolls around each year, and you start to organize your paperwork to file your taxes, you might think about the task and the IRS with a vague sense of dread. If so, you are not alone. A Gallup poll confirmed that Americans rated the federal agency their least favorite. That should come […]

Colorado CPA Charged with Defrauding Businesses of $2.5 Million in Taxes

Colorado CPA Charged with Defrauding Businesses of $2.5 Million in Taxes A local Colorado accountant faces charges of transferring a minimum of $2.5 million, designated for payroll taxes, from at least eight local businesses to his personal account during the past four years. Don R. Iley of Iley & Associates in Centennial stands accused of […]

IRS Audit Saves $25,000 in Potential Assessments!

We recently had a client hire us for an IRS audit covering tax years 2012 and 2013. The IRS was challenging her business expenses listed on the schedule C, primarily travel, meals and entertainment, as well as mileage and vehicle costs. We definitely had our work cut out for us. First and foremost the week […]

IRS Direct Debit Program

The IRS will allow for a repayment plan to be auto-drafted out of a checking or savings account of your choice. However, if you feel the need to set up an IRS direct debit payment plan be ready for a few hurdles: You will need to be sure to provide banking information including your bank […]