The Department of Education announced this week they will be sending letters to 387,000 people who have student loans telling them they’ve been identified as eligible to having their loans forgiven under a new student loan debt relief initiative. The student loan relief will be available to borrowers who can’t work due to a disability. The notification letters will begin going out to these eligible borrowers beginning April 18th and will continue being sent over a 16-week per

The IRS tax deadline for 2016 has moved three days. Due to an overlap of tax deadlines and Federal and State holidays, the IRS announced that taxes are due Monday, April 18th instead of Friday, April 15th. Last minute taxpayers will have one more weekend to work on their tax returns. We can thank the District of Columbia for moving the date to Monday April 18th. In the District of Columbia, Friday, April 15th is a holiday (Emancipation Day). Normally observed on April 16th

Housing prices have plummeted in the last year in Ferguson, Missouri. The average home sold for $66,764 in 2014. In the last three months of 2014, average home prices dropped to $36,168 and have steadily declined. Today, the average price for a home is $22,951 and still falling. Ferguson’s housing is in serious trouble. Foreclosures in this hamlet jumped almost 73% in the last few months of 2014 and the first few months of 2015. Almost half the homes in Ferguson are underwate

In an effort to create more business, one of America’s top tax preparation firms, H&R Block, along with TurboTax’s Intuit Company, argue and spend big bucks lobbying on Capital Hill to NOT make taxes simpler. Thinking only of how much profit they can stuff into their pockets, they prey on the poorest of taxpayers. H&R Block’s latest and most deplorable effort involves their initiating and pushing the Senate Appropriations Committee to pass a funding bill to make the Earned In

Lenders may offer distressed homeowners the option of a short sale. A short sale is selling a home for less than what is owed on the loan. There are many reasons a seller will choose a short sale as an option; a transfer of employment, divorce, death of a spouse, retirees who want to move or the property is underwater. There are also reasons not to take a short sale. A short sale can have a negative impact on your credit history and score and not allow you to purchase any rea

The Federal Bureau of Investigation (FBI) has declared mortgage fraud as a growing crime threat that is hurting homeowners, businesses and our national economy. The FBI has enacted ways to detect mortgage fraud by collecting and analyzing data. They’ll use this data to identify trends and patterns. Unfortunately, by the time they discover those trends or patterns, damage has already been done. What exactly is mortgage fraud? Mortgage fraud is a misstatement, misrepresentation

Congratulations Denver, Colorado - you were just named America’s top city for business and careers! Forbes magazine declared Denver as number 1 in the U.S. for economic success, Fort Collins made the cut by being the Number 10. More than 200 cities were in the running. There are approximately 2.8 million people living in and around Denver. The area is most attractive for its diverse economy, outdoor activities and a highly educated labor force. Each year more companies are ch

Gantenbein Law Firm is pleased to announce that two of its Denver IRS tax lawyers, Tyler Murray and Michelle McCarthy, were the featured authors this month in the Colorado Tax Bar Association monthly newsletter. The article, The Supreme Court Weighs in on Colorado’s Attempt to Circumvent Quill in Direct Marketing Association v. Brohl, discussed a recent Supreme Court decision that affects whether the Tax Injunction Act barred federal courts from enjoining Colorado’s efforts

Tax law attorney Tyler Murray, of Gantenbein Law Firm in Denver, presented The Annual 2015 Tax Law Legislative Update at the multi-sectional luncheon held June 10, 2015. The event, sponsored by the Colorado Bar was held at the CBA CLE office on Grant Street, Denver and attended by Denver-based attorneys representing Real Estate, Business, Trusts, Estates and Tax areas of law. Mr. Murray, spoke on recent legislation enacted this year involving changes to a wide range of tax su

There are many reasons to hire a Denver tax attorney, but none hit the mark more than ‘resolution’ and ‘confidentiality’. Resolution: A tax attorney is the only source that has the experience in achieving tax settlements and tax negotiations. A Certified Public Accountant (CPA) does not have a full understanding of tax laws and tax codes that can change several times a year. A tax attorney also has clear and full comprehension of the many programs available to help the taxpay

Lyndon McLellan has owned a small convenience store in rural North Carolina for the past 13 years. His store, L&M Convenience Mart, is his life. He works seven days a week, 12 to 13 hours a day as a small business owner selling hot dogs and soft drinks. Over the course of the last 13 years of owning the store, he managed to save $107,000. The $107,000 is every penny he’s worked so hard for. Spread out over 13 years, that’s about $8,200 a year he’s managed to put away in the b

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

Don't forget to file your taxes- or an extension- today! If you need assistance with filing or amending your taxes, contact our lawyers. We serve clients in the Denver metro area and throughout Colorado. #denvertaxlawyer #denvertaxattorney #besttaxlawyersindenver #besttaxattorneydenver #taxlawyersdenver #taxlawyersindenver #taxattorneysdenver #toptaxlawfirmsdenver #taxrefunds #taxrelieflawyerdenver #besttaxlawyerdenver #besttaxattorneysindenver #taxattorneysindenver #toptaxla

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, 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

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

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

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

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

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