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Life After Death- Tax Surprise For Millions

Keith Gantenbein

Apr 25, 2016

Life After Death- Tax Surprise For Millions

Millions of Americans have had horrible and challenging years due to the Great Financial Crisis and subsequent meltdown. Many are just now beginning to recover from earlier job losses, health issues, mounting debt and even loss of their homes through foreclosure, deed-in-lieu or short sale. Just as they’re climbing out of the hole they receive a dreaded IRS Form 1099-C or related statement detailing the discharge of indebtedness as miscellaneous income. What does this mean? I

Save Big On Taxes With Charity-Related Donations

Keith Gantenbein

Mar 24, 2016

Save Big On Taxes With Charity-Related Donations

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

We Welcome Denver Business & Tax Attorney Michelle McCarthy To Gantenbein Law Firm

Keith Gantenbein

Apr 26, 2015

We Welcome Denver Business & Tax Attorney Michelle McCarthy To Gantenbein Law Firm

We are very pleased to welcome Michelle McCarthy to our law firm. She brings a great depth of tax and business law experience with her, including published articles on marijuana sales tax. Ms. McCarthy was also recently elected to an executive position on the Colorado Bar Association, Tax Section. For more information on our tax law and business attorney, Ms. McCarthy, please visit her attorney bio page. If you need tax or business legal assistance, contact our law firm at 30

Millions May Not Get Expected Tax Refund

Keith Gantenbein

Mar 31, 2015

Millions May Not Get Expected Tax Refund

When workers signed up for Obamacare, they submitted their estimated annual income to qualify for tax subsidies. But 55% of those American households took home more money than they expected or estimated. Workers who underestimated their income due to more overtime or changing jobs will be hit with a tax bill along with part-time workers and free-lancers who made more income than they estimated. Americans who had an alteration in family status such as divorce, marriage or dea

Keith Gantenbein

Mar 10, 2015

Keith Gantenbein and Heritage Title Teach Real Estate Class to Remax Realtors

Keith Gantenbein, of Gantenbein Law Firm, has partnered with Heritage Title to teach a class today to Remax realtors. Mr. Gantenbein is speaking about the new CFPB (Consumer Financial Protection Bureau) guidlines for loan estimate and closing disclosures. Mr. Gantenbein comes from a family of realtors, and is a premier real estate attorney located in Denver, Colorado. Mr. Gantenbein has always been passionate about consumer protection issues: the new loan disclosure forms sho

Home Mortgage Debt & The IRS: What You Need To Know

Keith Gantenbein

Mar 9, 2015

Home Mortgage Debt & The IRS: What You Need To Know

Under normal circumstances, when your home mortgage debt is either all or in part cancelled you will be taxed on that amount. However, The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This provision applies to debt forgiven from 2007 to 2014. Up to $2

Keith Gantenbein

Feb 25, 2015

OCWEN: Alarmingly at Risk?

Ocwen Financial Corp. (OCN) subservices all the mortgage loans for Home Loan Servicing Solutions (HLSS). Mangrove Partners is an investment manager (hedge funds) and one of the largest shareholders of HLSS. HLSS is an affiliate of Ocwen. Mangrove Partners sent HLSS a letter demanding HLSS terminate its business relationship with Ocwen. Mangrove Partners sites a “dereliction of duty” and said it is “imperative” HLSS terminate its servicing relationship with Ocwen “without dela

Keith Gantenbein

Feb 20, 2015

The Taxman Cometh - Tips to Avoid Audit

February – the month of romance, Valentines and a hint that spring is on the way. It’s also the month you receive all those 1099’s, W-2s and other tax forms in the mail. The taxman cometh so we must prepare. There are several things that will make the taxman take a second look at your return - as in an audit. That dreaded word can send chills up your spine. Even if you’re completely in the right, the audit itself can be costly in time alone. Normally, individual audits occur

Life After Foreclosure: Private Mortgage Insurance (PMI) Companies Suing Borrowers on Foreclosure De

Keith Gantenbein

Jan 19, 2015

Life After Foreclosure: Private Mortgage Insurance (PMI) Companies Suing Borrowers on Foreclosure De

A couple living in New England are facing another battle after losing their home to foreclosure. Their mortgage insurance company is suing them for $136,000. The Galindo’s came to the U.S. to build a better life for themselves and their toddler daughter. They worked hard and bought a two-family house in 2005 for $410,000. They didn’t have the money saved to make a large down payment so their lender required they buy an insurance policy in order to qualify for the mortgage. T

Tax Attorney Tyler Murray Taught Tax Law CLE for the Colorado Bar Association

Keith Gantenbein

Jan 15, 2015

Tax Attorney Tyler Murray Taught Tax Law CLE for the Colorado Bar Association

Denver tax attorney Tyler Murray, of Gantenbein Law Firm, taught tax case law updates at Colorado Bar Association CLE. The 2014 Annual Case Law Update was sponsored by the Business, Real Estate, Tax & Estate Law Sections of the Colorado Bar Association. Mr. Murray dicussed various legislative updates that pertained to tax law, business law and real estate law- including sales and use tax, property tax, employee classification, and Denver Lodges tax. Mr. Murray is a well-estab

Options for Back Tax Debt and Failure to Pay Taxes

Keith Gantenbein

Jan 12, 2015

Options for Back Tax Debt and Failure to Pay Taxes

There are many reasons why someone may not have filed taxes, including financial difficulties. Back taxes accrue interest and penalties- quickly adding to the total debt owed to the IRS. When the IRS feels you’ve been hiding money, filed fraudulent returns or willfully failed to file, there are cases where jail time is ordered. The IRS can also place liens against your property or seize your property including bank accounts and garnish your wages without ever going to court.

Anxious Homeowners Waiting for Renewal of Mortgage Forgiveness Debt Relief Act

Keith Gantenbein

Dec 1, 2014

Anxious Homeowners Waiting for Renewal of Mortgage Forgiveness Debt Relief Act

The Mortgage Forgiveness Debt Relief Act was passed in 2007, and allowed homeowners the protection of forgiving mortgage debt. Mortgage debt includes: principal balance forgiveness, waiver of debt in a short sale, waiver of debt in a deed-in-lieu, any deficiency waiver, as well as charged-off second mortgages. Prior to the passage of the MFDRA, homeowners would have to declare any forgiven debt as 'income', and would be taxed on that 'income.' MFDRA provided financial relief

Good News for Online Holiday Shoppers: No State Sales Tax this Year for Many Online Purchases

Keith Gantenbein

Nov 16, 2014

Good News for Online Holiday Shoppers: No State Sales Tax this Year for Many Online Purchases

Many consumers prefer to shop online during the holiday season, to avoid crowds and long lines and for easy lower-price comparison shopping. Consumers have been concerned that many of their favorite online markets will be forced to implement a state sales tax on purchases made online. However, consumers can rest easy for at least one more holiday season: House Speaker John Boehner stated last week that the Act forcing retailers to implement state sales tax on online purchases

Keith Gantenbein

Oct 15, 2014

Last Day to File Taxes

Don't forget, today is the last day to file your taxes, if you got an extension! Have tax filing questions? Call our tax attorney! #denvertaxattorney #taxlawfirmindenver #denvertaxlawfirms #taxlawfirmincolorado #coloradotaxlawfirms #denvertaxlawfirm #gantenbeinlawfirm #savemoneyontaxes #taxlawyerdenver #taxlitigationlawyerdenver #taxplanningdenver #taxsavingtips

Death & Taxes: a Guide to Estate Tax Reduction

Keith Gantenbein

Oct 10, 2014

Death & Taxes: a Guide to Estate Tax Reduction

Our Denver tax attorney is one of the very best in Colorado! Read our blog for a quick how-to guide on protecting your estate plan and reducing estate taxes: http://denvertaxattorney.wordpress.com/2014/10/10/death-and-taxes-a-guide-to-estate-tax-reduction #taxauditlawfirmdenver #estateplanningdenver #estatetaxattorneydenver #coloradotaxlawfirm #coloradotaxlawfirms #denvertaxattorney #denvertaxlawfirms #denvertaxlawfirm #gantenbeinlawfirm #savemoneyontaxes #taxlawfirmincolora

Will Colorado taxpayers get a refund from state pot revenues?

Keith Gantenbein

Sep 22, 2014

Will Colorado taxpayers get a refund from state pot revenues?

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