If you have a Social Security Number, you have a tax problem as the joke goes. This is all we do: solve simple to very complex tax problems. We love this work, and and studied it extensively in University and Law School. Philip Falco, Attorney, CPA is a licensed attorney as well as a licensed Certified Public Accountant. He graduated with honors, Cum Laude, from Law School. We have an intense focus on taxation. If you want the very best, you have come to the right place. What makes us different read here.
- Tax Return Preparation 1040, 1120S, 1065, 1120 simple to complex. We prepare International Tax returns and filings. We prepare Oil & Gas tax returns, and Cannabis tax returns
- LLC & Corporate: we are now filing Beneficial Ownership Information Reports with the United States Department of the Treasure Financial Crimes Enforcement Network (FinCEN).
- Unfiled Tax Returns: Unfiled Tax Returns Information. This is one of our specialties. We represent you before the IRS and prepare your returns (in house).
- Tax Audits: We have successfully handled many, many audits. . We handle all audits including IRS full audits, Department of Labor, Department of unemployment, sales tax and others. Additional info on our site: Pre-Audit Investigations, IRS Audit Information, Audit Letters
- IRS Defense: Criminal representation. As a licensed attorney we are native defenders. For example, we represent taxpayers during IRS collection matters, see also unpaid taxes.
- Tax Preparation and Planning for Entrepreneurs and High Net Worth Individuals
- Last Will & Testament drafting, Trust drafting, master of the Rule against Perpetuities – Preserve wealth for 3 or more generations (create a dynasty).
- Asset Protection Trusts and Entities. See also Divorce Tax Planning.
- Tax litigation: tax disputes at the federal and state level.
- Sale of Business – Corporation, S Corp, Partnership or Sole Proprietorship. Also Real Estate transactions.
- Offers in Compromise & Penalty Abatement.
- FBAR FinCEN 114 filing service.
- We have a CFO Service
- Index of our extensive blog posts.
International Tax
- International Taxation is one of our specialties. We keep US reportable persons in compliance by coordinating international tax treaties, and preparing appropriate foreign tax forms.
- We have vast experience with taxpayers who are not in compliance with foreign filings such as the FBAR. We specialize in the Streamlined Domestic Offshore Program. We have worked as OVDP for many other clients.
- We launched an FBAR filing service to keep taxpayers with foreign “accounts” compliant.
- We represent taxpayers entering the 2012 Offshore Voluntary Disclosure Initiative Program (OVDP) – Now called 2014 OVDP. These programs fix the unfiled FBAR problem and usually implicate criminal intent.
- See our post on June 18th, 2014 on the reduction of OVDP penalty to 5% dubbed 2014 OVDP here: Breaking News: IRS Changes to the Offshore Voluntary Disclosure Program (OVDP).
- Our recent post on “Willful” Failure to Disclose Foreign Accounts on October 12, 2014.
- We have handled disclosures from around the world including but not limited to: Swiss (Switzerland) Bank Accounts, Cayman Islands, Channel Islands, and European Union.
S.A.L.T. (State and Local Tax):
- Colorado Department of Revenue audits and issues
- Colorado Department of Labor and Employment Audits
- Local tax issues – Denver Head Tax
- Sales Tax audits and compliance
The art of the practice of Tax Law was endorsed in 1934 by Judge Learned Hand and can be summarized as follows: There is No Patriotic Duty to Pay More Tax than What is the Least Payable Under the U.S. Tax Code.
Over the years we have developed a number of specialties including representation of non-compliant taxpayers. We work on getting taxpayers into compliance with the Internal Revenue Service, the the taxing State and local taxing authorities. We also represent taxpayers as an attorney during audits and other matters including criminal tax matters.
Philip Falco, Attorney, CPA
730 17th Street, Suite 900
Denver, CO 80202
(303) 626-7000
Phil@coloradolegal.com