by Donald Prosser, CPA | COVID-19
The COVID relief bill passed by Congress in late December included important funding and financial relief programs for Denver businesses, families, and individuals. Formally known as the Consolidated Appropriations Act, 2021, it includes financial assistance in the... 
by Donald Prosser, CPA | Tax
The impact of the COVID-19 national emergency has had a seismic impact on businesses, individuals and the overall economy. According to the U.S. Department of Labor, over the last three weeks, there have been 16.8M unemployment claims with 6.6M being field over the... 
by Donald Prosser, CPA | Tax
When couples divorce, financial negotiations often involve alimony. The tax rules regarding alimony were dramatically changed by the Tax Cuts and Jobs Act (TCJA) of 2017, but existing agreements have been grandfathered. In addition, the old rules remain in effect for... 
by Donald Prosser, CPA | Real Estate
The real estate industry is in constant flux, and the recent tax reform has simply added to the uncertainty. While some experts predict that the new tax law will negatively impact home and other property ownership, the real estate industry as a whole did escape with... 
by Donald Prosser, CPA | Real Estate
Beginning in tax year 2018, real estate partnerships will see a shift in how the IRS performs their audits. With the passage of the Bipartisan Budget Act of 2015, Congress repealed the existing audit procedures and replaced it with a new regime that will apply to all...