Tax Planning Attorneys in Boulder, Colorado 

Proper tax planning can often save you time, money, and stress in the long run. Planning for your tax obligations can help you avoid potential penalties and fines from the government. However, understanding tax law is often complicated, which is where the services of an experienced tax planning attorney can help.  

At Howard O. Bernstein, P.C., our skilled attorneys are experienced in handling tax planning cases and can provide you with the guidance and support needed to understand your legal responsibilities and help you make informed decisions that align with your financial goals.  

Located in Boulder, Colorado, we serve clients throughout Nederland, Longmont, Broomfield, North Glen, and the Denver metro area. Contact us today to schedule a consultation. 

The Importance of Comprehensive Tax Planning 

Effective tax planning is a critical component of financial success. Colorado tax laws often differ from those in other states, and compliance requires a thorough understanding of unique state statutes and regulations.  

For example, Colorado has a flat income tax rate of 4.4% as of recent legislation, and there are specific rules for deductions, corporate taxation, and real property tax credits that apply only within the state. Neglecting these credits can lead to missed savings opportunities or costly penalties. 

Furthermore, effective tax planning isn't just about avoiding risk; it's about leveraging opportunities. A comprehensive tax strategy can help you maintain compliance standards, maximize tax benefits, reduce liabilities, and enhance your overall financial well-being. 

Our Tax Planning Services 

At Howard O. Bernstein, P.C., we offer a range of tax planning services to help individuals and businesses navigate the complex and ever-changing tax landscape. Our team of experienced professionals stays on top of all federal, state, and local tax laws to help you develop customized solutions.  

For businesses in Colorado, tax planning involves much more than filing an annual return. We work closely with business owners to identify opportunities for minimizing their tax burden while remaining fully compliant with state laws. For individuals, proactive tax planning can unlock significant benefits, particularly during pivotal moments such as home sales, investment planning, or preparing for retirement.  

At Howard O. Bernstein, P.C., we strive to offer personalized services that are tailored to each client’s unique financial goals. Our primary tax planning services include the following. 

Corporate, Partnership and Individual Taxation 

At Howard O. Bernstein, P.C., our taxation attorneys handle a wide range of tax matters, including, but not limited to, individual, corporate, and partnership tax planning, as well as IRS disputes and state, local, and sales tax issues.  

We have experienced representing individuals and businesses during IRS audits and investigations by the Colorado Department of Revenue, the Colorado Department of Labor and Employment, and the U.S. Department of Labor. Over the years, we've built strong relationships with agency representatives, helping us navigate these processes effectively.  

We also assist clients who are behind on federal or state taxes by exploring solutions like installment plans and Offers in Compromise. Our deep tax expertise enhances our ability to support clients’ corporate needs, particularly in areas like mergers, acquisitions, and corporate finance. 

Tax in Controversy 

Our team has hands-on experience with tax court cases. As taxpayer advocates, we guide clients through every stage of the process, from audits to appeals and, if necessary, representation in tax court litigation. We are committed to helping you resolve complex tax issues through our in-depth knowledge of tax codes and case law to pursue the outcome you want. 

Penalties, Interest, and Other Claims 

Our taxation attorneys have a successful track record of resolving individual tax penalties, including complex I.R.C. Sec. 6694 and Circular 230 practitioner matters. We can help you navigate penalty abatement, which is the process of having penalties waived or reduced by the IRS, and we understand the intricacies of the penalty abatement process and can provide guidance on whether you may be eligible for relief.  

Additionally, we have the knowledge and experience to assist with interest penalties and other claim issues that may arise during tax disputes. 

Practitioner Compliance 

As a tax practitioner, it is important to ensure compliance with both the Internal Revenue Code (I.R.C.) and Circular 230. This means following all rules and regulations set forth by these governing bodies to avoid penalties or disciplinary action. 

If you as a tax practitioner, preparer or even an attorney may have “touched” a client’s tax situation, you are likely regulated by the IRS under Circular 230. If you have questions on how you may be affected, or if you require consulting on a case at your firm, we can provide expertise and qualified opinions in a timely and effective manner. 

Marital Dissolutions, Family LLCs and Trusts 

We work with domestic law attorneys to provide tax strategies and analyze potential liabilities for clients going through divorce, separation, or creating premarital agreements. Splitting qualified retirement accounts or other tax-advantaged assets often comes with specific tax implications. Additionally, one spouse may carry forward tax liabilities that could impact the other.   

In cases involving parental-grantor trusts or other planning tools, we can assist with valuation, vesting, and marital share assessments. We are also skilled at helping clients with interests in trusts, family partnerships, LLCs, or business structures. 

Divorce 

We can help you handle property transfers as part of divorce proceedings to make sure your assets are divided smoothly and comply with legal requirements. We can also draft qualified domestic relations orders (QDROs) to help facilitate the division of retirement accounts and other complex assets.  

Additionally, we assist clients in understanding the tax implications of spousal payments, determining whether certain payments are tax-deductible for the paying spouse and taxable income for the receiving spouse. 

Why Choose Howard O. Bernstein, P.C.? 

At Howard O. Bernstein, P.C., we are committed to delivering personalized legal services to help individuals and businesses with tax planning strategies. We take the time to assess your circumstances, identify your goals, and craft a strategic plan that reflects your needs. Our extensive experience with Colorado tax laws allows us to offer skilled legal advice and practical, actionable solutions. 

Tax planning is not a one-time task; it’s an ongoing process that requires adaptation and foresight. Therefore, our attorneys focus on forging long-term relationships with our clients. By partnering with us, we strive to serve as a trusted advocate who is ready to support and guide you through every step of the process. 

Tax Planning Attorneys in Boulder, Colorado 

Whether you're an individual planning for the future or a business looking to optimize tax strategies, an experienced tax attorney can provide the support and representation you need. If you or someone you know is seeking tailored tax planning services, reach out to us at Howard O. Bernstein, P.C. today. 

Located in Boulder, Colorado, we serve clients throughout Nederland, Longmont, Broomfield, North Glen, and the Denver metro area. Contact us today to schedule a consultation.