Tax Services in Denver
Dimov Tax Services operates a Denver based accounting firm that provides expert CPA support, tax audit representation, payroll processing, and international tax solutions for individuals and businesses. Located at 1700 Lincoln St, they serve clients throughout the Denver area.
Dimov Tax Specialists
Denver CO 80203
What Do Comprehensive Tax Services in Denver Include?
Tax services in Denver have evolved from basic form-filing into dynamic, strategic planning that adapts to new tax laws, business models, and the city’s changing economic fabric. With more remote workers, startups, real estate investors, and side hustles in the city than ever before, residents and https://cpa-denver-colorado.s3.us-east.cloud-object-storage.appdomain.cloud/cpa-firm/what-is-an-example-of-accountant-negligence.html business owners are seeking more than seasonal help—they need year-round support. Dimov Tax Specialists brings depth, accuracy, and strategic foresight to every tax situation.
Core Categories of Tax Services
1. Individual Tax Preparation
This includes preparation of federal Form 1040, Colorado DR 0104, and supporting schedules like Schedule A (itemized deductions), Schedule C (sole proprietor income), and Schedule E (rental https://s3.us-east-2.amazonaws.com/cpa-denver-colorado/cpa-firm/what-are-the-disadvantages-of-cpa.html income). Dimov assists clients with:
- W-2 and 1099 income reporting
- Education credits (Form 8863)
- Earned Income Credit (EITC)
- Healthcare penalties or premium subsidies (Form 8962)
2. Business Tax Filing
Denver small business owners and freelancers need guidance filing Form 1120 (C-Corp), Form 1120S (S-Corp), Form 1065 (partnership), or Schedule C for sole proprietorships. Services also cover:
- Quarterly estimated payments
- Payroll tax filings (Form 941)
- Sales tax compliance (Colorado DR 0100)
3. IRS Audit Representation
If you receive a CP2000 notice, Form 4564, or audit appointment, Dimov CPAs represent clients by filing Form 2848, managing correspondence, reconstructing books, and defending deductions under IRS Circular 230 authorization.
4. Tax Planning and Projections
Whether preparing for a large stock sale, crypto gain, 1031 exchange, or retirement drawdown, Dimov offers forward-looking projections and strategy planning to avoid surprise tax bills. This includes adjusting withholdings, optimizing deferrals, and triggering deductions before year-end.
5. Sales and Use Tax Filing
For businesses selling physical goods or taxable services in Denver or across Colorado, we register, calculate, and file sales tax based on the latest Colorado Department of Revenue regulations and Denver’s Treasury Division rules.
6. Expats and International Tax
U.S. citizens abroad and foreign nationals in Denver often face dual-filing requirements. Dimov supports:
- Form 1116 and 2555 for foreign tax credit/exclusion
- FATCA and FBAR (FinCEN 114) compliance
- Rental income reporting for non-residents owning Denver property
7. Amended Returns and Prior Year Filings
Have a mistake on a prior-year return? Dimov files Form 1040-X and retroactive Schedule amendments to correct past filings, often uncovering missed refunds in the process.
Denver-Specific Tax Scenarios We Handle
- Remote Workers: Many Denver residents relocated during the pandemic but still work for out-of-state employers. Dimov allocates income and residency for state filing purposes across multiple jurisdictions.
- Short-Term Rental Hosts: AirBnB operators must file not only state returns but remit local Denver lodger’s taxes. Dimov ensures the correct reporting, deduction of property expenses, and proper business income classification.
- Tech Startups Using R&D Credits: Colorado businesses can claim federal and state-level R&D credits. Dimov assists with Form 6765, audit documentation, and credit carryforwards.
- High-Income Homeowners: With Denver real estate prices rising, taxpayers often exceed SALT deduction limits or phase out of mortgage interest deductibility. We optimize strategies using Schedule A and assess AMT impact.
Technology-Enhanced Filing
Dimov Tax provides secure portals for document uploads and signatures. Clients can:
- E-sign all IRS forms and returns
- Use mobile scans to upload W-2s, 1099s, or K-1s
- Schedule virtual Zoom consultations for tax reviews
Comparison: CPA vs. Tax Preparer vs. Software
Dimov’s Unique Capabilities
- Bilingual Filing: English/Spanish support for Denver’s diverse population
- Multi-Year Cleanups: Filing back taxes, catching up for multiple years, or correcting self-filed returns
- Crypto and Stock Gain Reporting: Including Form 8949 and Form 1099-B reconciliation
- Freelancer Optimization: For Schedule C earners, we advise on deductions, business formation, and potential S-Corp elections
Who We Serve in Denver
- Freelancers and Creators in RiNo
- Tech Developers and Startups in DTC
- STR Hosts in Capitol Hill and Wash Park
- New Transplants from California, Texas, and New York
Each of these groups has distinct compliance needs—and at Dimov Tax, we address them with precision, not templates.
Conclusion: Choosing the Right Tax Partner in Denver
Tax filing has never been more complex or more essential to financial wellbeing. In Denver, where economic growth has brought both opportunity and regulatory nuance, your choice of tax service provider can mean the difference between peace of mind and costly oversight. Dimov Tax Specialists offer full-spectrum services—backed by CPAs, IRS-authorized representation, and decades of experience in Denver’s tax environment. Whether you're an individual taxpayer, business owner, remote worker, or investor, we help you comply, plan, and thrive.
