TAXES

Got a letter from Colorado Revenue Department concerning 2021 saying she owes $500.

accountant didn’t file extensions and filed federal taxes late, and didn’t file state at all. can’t get a call back from the firm. got eric reinermer on for the call

has vacant land in mountain that dad quit claimed to him. he’s starting to realize the tax ramifications for the quit claim that was filed. wanted to get brad o’brien on but hes on vacay. so marc said to call brad next week

Tax issue.

Paid his 2024 taxes from 2 different bank accounts. He owed $548 and that amount was taken from each account.

Sold a house with a basis of $310K. He sold it for $710K. His gain is $400K. He is wondering about cap gains tax.

Last year he submitted his taxes for 2023, in August the IRS said they need his signature on the return. Then in November they need his signature & W2.

He owns 2 lots, one has his main house on it and the other is an extra lot. The county recently started taxing his extra lot as vacant land and he wants it classified as a residential lot. He claims it is being used as an extension of his current lot and should not be