MARK XXV Accounting (970)-484-3096

02/07/2025

https://www.irs.gov/newsroom/tips-for-choosing-a-tax-professional?fbclid=IwY2xjawITMHtleHRuA2FlbQIxMQABHTfoxrg2ItZdaph0ZkKaHtozJdqYduHhuXNHOCj6pjPtxWhzTrBjmEVFTA_aem_RFn6p4oG1AichFQy1SypHQ

Tax Tip 2025-11, Feb. 6, 2025 — When people turn to tax professionals for help preparing their federal tax return, they should choose their preparer with care.

02/07/2025

https://www.facebook.com/share/1B8FAPMhVQ/

IR-2025-21, Feb. 3, 2025 — The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.

01/11/2025

EFiling for 2024 taxes begins January 27th!!

12/31/2024

https://www.cpr.org/2024/12/30/u-s-bureau-of-labor-statistics-job-reports-colorado-data-problems/

The federal agency says it will resume the state’s reports when Colorado’s numbers are more accurate. There is no timeline for that.

12/29/2024

https://www.cpapracticeadvisor.com/2024/12/27/boi-reporting-enforcement-on-hold-again-after-appeals-court-reinstates-injunction/153735/

The roller coaster continues, as the 5th U.S. Circuit Court's decision on Dec. 26 suspends the deadline once again for most reporting companies to file BOI reports with the Financial Crimes Enforcement Network.

07/30/2024

Facebook seems to be overloaded with "donate to actblue" ads these days

06/06/2024

On the search for an additional car since my daughter turns 16 in 2025. It's interesting to see the "presentation " on dealer websites that provide a "payment calculator". Enter the amount you want to finance.. the length of the loan and BINGO!! Here's your monthly payment. What they don't show up front is the interest rate you'll pay.

Seems like 20% is pretty common on these. (Wow) .. that's a hard pass

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03/31/2024

Don't miss out on your TABOR refund.. File a 2023 DR 0104 by April 15, 2024, if you:
Were at least 18 years old when the tax year began,
Do not have a Colorado income tax liability,
Are not claiming a refund of wage withholding, and
Are not otherwise required to file a Colorado return because you have no federal filing requirement.
File a 2023 DR 0104 by October 15, 2024, if you:
Have a Colorado income tax liability,
Claim a refund of wage withholding, or
Are required to file a Colorado return because you are required to file a federal return.

02/11/2024

FYI... The website for Revenue Online, the state’s e-file system, said 2023 return links for individual, fiduciary and business taxes are “coming soon,” and that people should check back in early February 2024.

Revenue Online isn’t the only way to file a state tax return in Colorado — people can file on paper or through third-party companies — but still, they will not be processed right away.

Hopefully they open the system this week, February 15th has been "mentioned"

01/10/2024

E-filing season for 2023 starts in 2 weeks.. we're ready to roll!

11/25/2023