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Internal Revenue Service

Income Tax

What Is Earned Income Tax Credit (EITC)?

Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.

04/01/2015

Small Business Tax Tips, Tax Help, Tax Tips, Small Business

Small Business Tax Tips: Are You Filing The Correct Forms?

It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.

03/15/2015

(credit: CBS)

Turbo Tax Stops Processing State Tax Returns

Turbo Tax has stopped processing Colorado tax returns because of fraudulent filings.

02/06/2015

The attorney general's fraud website (credit: AG's office)

Colorado AG Combating Scam Artists With Anti-Fraud Site

The first clue it was a scam was the caller’s sense of humor. “We know government has no sense of humor,” Tom Logan said.

12/09/2014

(credit; CBS)

Marijuana Shop Sues Over IRS Cash Penalty

A marijuana business in Colorado has filed a lawsuit against the Internal Revenue Service for assessing a penalty for paying taxes in cash.

07/02/2014

Raid at VIP Cannabis (credit: CBS)

State To Auction Off Property Seized In Marijuana Raids

The city of Denver had earlier seized the properties and their contents from marijuana businesses that were raided by federal agents in late April. Now the state has taken over control.

06/10/2014

Medical marijuana (credit: CBS)

Arrests Made In Connection With Colorado Pot Raids

A Denver attorney linked to medical marijuana businesses raided by federal agents last year was among several people arrested Friday as part of the ongoing investigation.

04/25/2014

(credit: CBS)

Tax Scams Surge Even After The Filing Deadline

The tax filing deadline has passed but tax scammers are still trying to get their hands on people’s money.

04/18/2014

Zanthia Woodard (credit: CBS)

Elaborate Scam Set Up Phony Businesses, Employees To Fleece Taxpayers

Investigators from the Colorado Bureau of Investigation, Department of Labor and Employment, Colorado Department of Revenue and the Internal Revenue Service believe they have uncovered a complex scheme that successfully scammed the government.

04/10/2014

(credit: CBS)

Some Tax Filers Finding Themselves Victims Of Identity Theft

Some tax filers are finding identity theft is getting in the way of their refunds.

03/29/2014

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