Reliance Tax Group: Now Offering Tax Returns

Reliance Tax Group: Now Offering Tax Returns

Broomfield, we are now offering tax returns! It’s the beginning of a new year and with it, comes tax season. Here at Reliance Tax Group, we know that preparing and filing returns can be stressful and time-consuming. That’s where we come in! We’re here to ensure that...
How Do Penalties and Interest work at the IRS?

How Do Penalties and Interest work at the IRS?

April 15 is the officially recognized deadline for most taxpayers to file their tax returns and pay the IRS any tax that is owed. When processing these individual tax returns, the IRS examines each for mathematical accuracy and any other errors. At the completion of...
Why Do So Many Offers in Compromise Get Denied?

Why Do So Many Offers in Compromise Get Denied?

An Offer in Compromise (OIC) is an agreement made with the IRS that settles your tax debt for less than the full amount you owe. An OIC can be a powerful way to reduce your tax debt to something you can manage. Offering an acceptable offer in compromise requires loads...
What is Innocent Spouse Relief?

What is Innocent Spouse Relief?

A large number of married taxpayers file a joint tax return in order to reap certain benefits allowable under this filing status. It is important to remember, however, that when filing a joint return, both taxpayers are liable for the taxes owed under federal law. The...