Tax Law in Colorado
We understand. The tax code and state and local tax laws are overwhelming. If you don’t want to face interpreting thousands of pages of laws and figuring out how they apply to you, your family, and your business, consult with a qualified Colorado tax attorney.
Read on to learn:
- When a CO tax lawyer can help you
- The types of taxes a CO tax attorney deals with
- How to find free non-legal tax help
- How to find legal tax help
A Colorado Tax Lawyer Can Help with these Tax Problems
If you’re like most folks, you may be wondering whether a tax lawyer can help you? Here are examples of typical tax cases. However, if you don’t see your unique situation, no worries – simply call a tax attorney (www.attorneys.org) and ask.
- The Colorado Department of Revenue is sending in state accountants to determine whether Fred has submitted sales taxes appropriately. He’s nervous about answering their questions.
- Wilma is distraught. She has been assessed a $2,800 bill in penalty and interest for not paying her estimated taxes on time.
- Barney and Betty want to take the IRS to court to fight the IRS’s interpretation of the law as applied to their mother’s estate.
- The IRS has accused Pebbles of not being a legitimate charitable organization. Pebbles helps homeless dogs. They have mandated that Pebbles pay income tax for her dog rescue related income for the past 5 years.
- Bam Bam’s quarry business is being audited by the IRS and he doesn’t want to go it alone.
- Dino received per diem for the past 3 years. The IRS says the per diem should have been taxable after the first year.
- Hanna hasn’t paid income taxes to any taxing authority for 17 years. She wants to come clean without going to jail.
A Colorado Tax Attorney Handles These Kind of Taxes
Tax lawyers commonly help Colorado residents with any and all of these taxing events. There are 5 many categories of taxation: income, asset ownership (property), transfer, sales and use, and death related taxes.
- INCOME TAX=short-term and long-term capital gains – self-employment (Medicare – Social Security) – payroll (withholding) — personal and business income taxes.
- PROPERTY OWNERSHIP TAX= real estate tax.
- TRANSFER TAX = gift &mergers and acquisition.
- SALES TAX and USE TAXES= purchase and use taxes.
- DEATH TAX= federal estate and generation skipping taxes.
Where do I Find Colorado and Federal Tax Laws?
Here are the links to the original tax law sources that affect Colorado residents.
- Federal Laws –Federal Tax Code, Regulations, and Guidance
- State Laws – Colorado Laws
- Examples of Colorado taxes:
- Colorado income tax is 4.63%.
- Colorado sales tax has a maximum of 8% and is based upon the locale of purchase.
- Currently, Colorado does NOT collect an inheritance tax or an estate tax. This is good news for beneficiaries.
- Local Laws – Google your own county and township (city, town, borough, village, etc.) laws.
How Do I Find Non-Legal Tax Help?
For educational tax information, use the IRS and the Colorado Department of Revenue. You can use these websites to find out what the law is and get tax forms; however, to find out how it actually applies in your case, you’ll need to consult with a lawyer.
How Do I Find Legal Tax Help?
To determine how you’re affected by federal, state, and local tax laws and understand your options, consult with the qualified lawyer of your choice. To find a Coloradotax attorney, search our free site, www.attorneys.org, or ask the bar association or a friend for a referral.
