He provides you with unfiled returns prep and strategy, international tax strategy and compliance, audit representation, expert in-house tax preparation, and expert tax strategy & planning.
Licensed: **CPA License No. 31317 (est. 2013) · Colorado Bar No. 27930 (est. 1997)**. He graduated with honors, Cum Laude, from Law School in 1994. He passed the CPA exam in one sitting in 1991. If you want the very best, you have come to the right place. About Philip Falco here. Also, what makes us different read here.
WHY DUAL-LICENSED MATTERS
He has the background to tie in both legal and financial analysis all at once, you save money and have superior advice and trajectory that will pay off for years to come. Many businesses and individuals seek his advice to set their tax and financial foundation. For example, entity selection, first year tax returns for s corp, partnerships, first year tax returns for foreign assets and accounts.
Most tax attorneys hand the tax and accounting work off to a CPA. Most CPAs limit their scope to numbers and avoid legal hot topics. Enrolled agents are not even required to have a University degree. General tax preparers and franchises are a disaster waiting to happen. As your dual-licensed attorney and CPA he closes that gap all under attorney-client privilege, all in one office. That is not a marketing line. It is the specific reason clients with complicated, high-stakes situations choose to work with him.
Tax Services:
- Tax Return Preparation 1040, 1120S, 1065, 1120 simple to complex. We prepare International Tax returns and filings. We prepare tax returns for high net worth individuals, real estate investors, Oil & Gas industry, and many others.
- 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, IRS Levies, and Installment Agreements.
- 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 launched an FBAR filing service to keep taxpayers with foreign “accounts” compliant.
- 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.
Colorado Tax – 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
About Philip Falco, Attorney, CPA
Virtual Tour of Our Office – click this text
Tax Law Services and Resources
Colorado Legal provides attorney and CPA assistance with IRS disputes, tax debt, international reporting, business matters, real estate taxation and tax planning.