303-770-1190
The Quadrant Building
5445 DTC Parkway
Suite 520
Greenwood Village, CO 80111

Each day more and more Americans are being audited. When dealing with the IRS, you are often considered guilty until proven innocent. Wages and assets are seized because tax payers, like you, have chosen to trust cut-rate companies or less experienced professionals who can’t protect them when it comes to dealing with the IRS.

April 15th is rapidly approaching and you don’t want to be caught in a situation where your taxes aren’t prepared correctly and you are hit with a red flag. You could be left standing alone with an auditor who has already passed judgment on you – especially if you are a small business owner!

Prime Tax Group has been preparing taxes and defending the taxpayers against audits for over three decades. When Prime Tax Group prepares your personal current year’s return, you receive our audit protection guarantee for FREE! Protect yourself by calling Prime Tax Group of Colorado today to set up your no-obligation evaluation at 303-770-1190. Don’t take a chance when it comes to dealing with the IRS.

Prime Tax Group of Colorado offers a complete portfolio of tax services year-round to ensure that your tax issues are completely resolved to your
satisfaction. Our normal hours are 9 – 6 Monday through Friday. However, during the tax season, we accept appointments during the
day, evening, and weekends to accommodate your schedule.

Tax News

IRS STEPS UP TAX CRIME ENFORCEMENT AND CONVICTIONS

The Internal Revenue Service has significantly increased its enforcement actions against tax criminals and its rate of convicting them, according to a new report from the IRS’s Criminal Investigation unit.The CI unit increased by 12.5 percent the number of investigations it initiated in the fiscal year ending Sept. 30, 2013, compared to the prior year, and increased prosecution recommendations by nearly 18 percent. CI initiated 5,314 cases and recommended 4,364 cases for prosecution. These increases occurred at a time when agent resources decreased more than 5 percent, largely due to budget cuts at the agency.

Meanwhile, convictions rose more than 25 percent compared to the prior year. The conviction rate for fiscal 2013 was 93 percent. The conviction rate is especially important because it reflects the quality of our case work, our teamwork with law enforcement partners and the U.S. Attorneys’ Offices, and it represents an increase over 2011 and 2012,” said IRS chief of criminal investigation Richard Weber in a statement. In stepping up the fight against identity theft, CI initiated over 1,400 investigations, according to the report, and recommended prosecution of over 1,250 people who were involved in identity theft crimes during fiscal year 2013.

IRS FLOODED WITH TAX RETURNS EARLY IN TAX SEASON

The Internal Revenue Service said Thursday that only three weeks after the opening of tax season, it has already received about one-third of the individual income tax returns it expects to receive in 2014.

The IRS reported that tax season has gone smoothly so far, despite the two-week delay before kicking off tax season on January 31. The IRS has processed almost 98 percent of the 49.6 million returns received so far. Each week this filing season, the IRS has processed a greater percentage of the returns received than during comparable weeks last year.

More taxpayers are filing their returns electronically this year. Overall, 46.6 million returns have been e-filed this year, up 1 percent from the same time last year.

So far this year, the IRS has issued more than 40 million tax refunds, an increase of more than 6 percent compared to the same time last year. Nearly 90 percent of these refunds were directly deposited into taxpayers’ accounts.