You’ve received an email that appears to be from the IRS requesting that you provide them with confidential information. Should you send them what they’ve asked for? As a Fort Collins tax accountant that has seen many of these kinds of requests, we can tell you that you definitely should not. The IRS makes it […]
There are many reasons to file an income tax extension. Whether you are missing key information or are away from home during tax season, you have the right to request extra time to complete and submit your return. However, there are several misconceptions about tax extensions that create hesitation for people looking to file. Below […]
Ensuring that the individuals who are involved in a partnership pay the required amount of taxes can be a challenge. In fact, partnership tax law is the most complicated part of the tax code. As a leading Fort Collins business accountant, we encourage people to be fully informed about how participating in a partnership affects […]
People who have owned the same home for many years may not know that the rules regarding taxation of gains and the personal residence exclusion changed in the late 1990s. Prior to that time, there were strict regulations regarding proceeds from the sale of a home. This included having to reinvest the money in the […]
The arrival of tax season can be stressful. This is especially true if you have put off thinking about taxes since you filed last year’s return. As a trusted tax accountant in Fort Collins, we frequently remind our clients that the best way to reduce your stress and ensure that no important details are overlooked […]
With the new Tax Cuts and Jobs Act in place, it is important to get the most up-to-date information on filing your tax returns. Taxes and personal finances can be overwhelming, but Shaw & Associates, your trusted Fort Collins tax accountant, wants to make it simple for you. There are a number of changes to […]
When it comes to things you look forward to doing, filing your taxes generally does not make the list. We understand! However, putting off filing until the last minute tends not to be a good strategy for most people. In fact, there are a number of reasons why you should work with Shaw & Associates, […]
Tax season is here, and if you’re like most people, you’re not looking forward to preparing your return. Not only is it a labor-intensive project, you are often left wondering if there are ways to save more of your hard-earned income that you didn’t know about. Or worse, you may worry that you’ve made an […]
You’ve worked hard and your employer rewards you with a holiday bonus. While you greatly appreciate it, it leaves you asking yourself, “What are the tax implications of this gift?” Shaw & Associates, your tax accountant in Fort Collins has the answer! Bonus Basics Here are the questions we are most frequently asked about holiday […]
For many people, Social Security will play an important role in their retirement financial plan. However, with fairly regular tweaks to the program, it’s important to stay current on the latest updates, especially as you begin to approach retirement age. Here are a few things to be aware of from Shaw & Associates, your Fort […]
