When doing your taxes, one of the deductions most overlooked are charitable contributions. You can deduct a maximum of up to 50% of your adjusted gross income (AGI) on Line 36 on IRS Form 1040 for the tax year in which the donation was given. If you find yourself with more than 50% in one given year, the excess may be carried over for up to five years. If you don’t think you give large amounts to charity, think again. Throughout the year, all those little donations can add up

Colorado Attorney General John Suthers has filed 3 more lawsuits against foreclosure firms in Colorado; all 3 were settled. This makes 5 foreclosure firms in total that have been sued by the Colorado AG for fraud and fee-padding. We suspect this a systemic problem with foreclosure firms throughout the nation...wonder if other states will follow suit? Read the full story HERE. #janeway #medved #aronowitz #aronowitzmecklenburg #coloradoforeclosurehelp #coloradoforeclosuredefens

In Bankruptcy news: there is a growing trend that marijuana businesses can not file for bankruptcy protection under Federal law. This will likely continue until- and if- the federal law changes. For more information, read the Denver Post article HERE. If you are a business owner in Denver or elsewhere in Colorado, and need an attorney for your business issues, contact our attorneys at 303-618-2122. #potnewscolorado #marijuanabusinessescolorado #marijuanaandfederallaw #bankrup

Under the Taxpayers' Bill of Rights, Colorado taxpayers are entitled to a refund if a business generates more than $67 million in revenue, unless a ballot measure is passed that allows the state to keep the excess funds generated. In Colorado, it is forecasted that pot revenues will exceed $107 million. Will this mean a refund to Colorado taxpayers? Read more on our blog, HERE. If you have tax issues or concerns - including issues with pot taxes, or want to lower your busines