Strategic 1031 Planning for Investors
A 1031 exchange, when used strategically, is not simply a transactional tax deferral; it is a long-term tool for capital preservation, portfolio optimization, and generational…
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Colorado Trusts & Taxes Blog
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How to Claim Your Inheritance After an Uncontested Probate
If you’ve recently lost a loved one and discovered you’re listed in their will, you may be wondering how to claim your inheritance. In cases…
New Year, New Books: How Small Businesses Can Clean Up Records for Tax Time
Tax attorneys routinely encounter the consequences of inadequate recordkeeping. This can look like audits prompted by disorganized financial data, excess tax payments due to overlooked…
Year-End Tax Planning for Business Owners: Legal Strategies to Stay Ahead of the IRS
As the calendar year draws to a close, business owners have a prime opportunity to take proactive legal steps to reduce their tax liability. Smart…
Estate Planning Mistakes to Avoid: A Lawyer’s Perspective
When it comes to estate planning, you must realize it’s not a one-time task. It requires ongoing attention to reflect changes in your life and…
Understanding the Tax Implications of Cryptocurrency Investments
Cryptocurrency, once a niche interest, is now a significant part of the financial world, bringing it under the scrutiny of tax authorities. To ensure compliance…
4 Basic Types of Wills: What You Need to Know
Planning for the future, especially for what happens after we’re gone, isn’t easy, but it’s essential. Having the correct type of will can save your…
How to Avoid IRS Penalties with Smart Tax Planning for Small Businesses
For small businesses, effective tax planning is not just beneficial; it’s essential to avoid costly penalties. The IRS enforces tax laws, and even unintentional mistakes…
Do You Need a Lawyer for Uncontested Probate?
When a loved one passes away, settling their estate can feel overwhelming, even when everything seems to be in order. One of the most common…
Retirement Planning and Taxes: How to Save More for the Future
Retirement planning is more than stashing money in an account; it’s a legally and financially strategic game. As a tax attorney, G. Deffenbaugh has seen…