Five Common Reasons for Late Tax Filing (and Why You Shouldn’t Use Them)

“The dog ate my homework” is a time-honored (although probably not very effective) excuse for not turning in school work on time. The excuses that taxpayers use for missing the mid-April deadline for filing taxes are often just as lame. “I ran out of time.” You usually have at least three months to work on […]

Buried by Taxes? Get Help from a Colorado Enrolled Agent

Completing your taxes can be a nightmare when you own a business or have an unusual personal tax situation. It’s even worse if the IRS decides to conduct an audit. That’s why it’s a good idea to enlist an Enrolled Agent to help you right from the start. An Enrolled Agent (EA) is a person […]

Podcasts Share Secrets of Breaking the IRS Debt Cycle

You’ve just completed your taxes and—like last year and the year before that—you’ve once again discovered that you’re going to owe Uncle Sam a good chunk of money. Now’s the time to figure out what you’ve been doing wrong and what you can do differently in the coming year. Your goal should be to break […]

5 Reasons To Be Grateful to the IRS—Even If You Owe Them Money

Few Americans have kind thoughts about the IRS around tax time. But—looking on the slightly brighter side—things could be a lot worse. As long as you file on time, the IRS won’t pile on additional penalties—just interest. Don’t delay filing even if you can’t pay up front. The IRS will charge interest on any money […]

What Happens When an IRS Tax Lien is Placed on Your Property – and What Can You Do?

Being hit with an IRS Tax Lien is an anxiety- and stress-ridden event, but understanding the action can help you navigate the process. The process begins when the IRS files a Notice of Federal Tax Lien, and this notice goes on your credit. The result is that the lien essentially diverts any income coming to […]

Do Other Countries Have An Equivalent Of The IRS? What Are They Like, And How Do They Work?

According to a 2015 Pew Research Center study, 59 percent of respondents agreed that “there is so much wrong with the federal tax system that Congress should completely change it.”  But change it to what? Before conversations about tax reform begin in earnest, perhaps it’s a good time to see how other countries handle their […]

What Happens to a Couple’s IRS Debt During a Divorce?

Separating from a spouse of many years—possibly 20 or more—can be deeply painful emotionally. And then, of course, there are the innumerable logistical issues to be hashed out: Splitting up assets, figuring out custody and visitation schedules, and negotiating other fine points of the divorce. Whether your ex collaborates to find solutions or fights you […]

Exciting Changes at HTG!

Good afternoon! I hope all of you are enjoying the spring weather we’re having. With the exception of the rain and snow! :) There have been many exciting changes in our office as of late, and we wanted to update each and every one of you. First, Ron Young is no longer with HTG. If […]

Do You Owe Money to the IRS for 2015? Will You Owe More For 2016? Here’s a List of Critical Dos and Don’ts

Being in debt to the IRS can be scary, regardless of how much money you owe, but ignoring the debt will only make the problem worse. So, what do you do if you already owe the IRS money for 2015, and you’ve just found out you’ll owe again in 2016? Let’s take a look at […]

Getting Over the Fear and Humiliation Caused by Your IRS Tax Debt: A Roadmap

If you’re afraid of your Form 1040 or other tax forms, you’re not alone. Our IRS tax fears–sometimes warranted, sometimes irrational–can wreak havoc and affect all aspects of our lives. Here’s some advice to help you overcome the fear and humiliation you may be feeling: You’re too embarrassed to ask for help. No one can […]