D. Mathew Blackburn

D. Mathew Blackburn

The Law Office of D. Mathew Blackburn
  • Tax Law, Business Law
  • Colorado
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Summary

The Law Office of D. Mathew Blackburn is a client focused firm that provides legal and tax advice in easy to understand terms. We advise business owners and individuals in tax and business law. Whether you’re an owner looking for someone that speaks the language of business, or you’ve received an IRS or state revenue agency notice that is full of dense technical language, we are here to help.

Practice Areas
  • Tax Law
  • Business Law
Fees
  • Credit Cards Accepted
    Visa, Mastercard, Discover, and American Express
Jurisdictions Admitted to Practice
Colorado
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U.S. Tax Court
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Languages
  • English: Spoken, Written
Professional Experience
Owner
The Law Office of D. Mathew Blackburn
- Current
Attorney
Robinson and Henry P.C.
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Partner
BMB Law, LLC
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Owner
Law Office of D. Mathew Blackburn
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Education
University of Denver
LL.M. (2014) | Tax
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Activities: Low Income Taxpayer Clinic
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Valparaiso University
J.D. (2011) | Law
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Activities: Civil Clinic, Volunteer Income Tax Assistance Site Coordinator
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Mississippi State University
B.B.A. (2007) | Management, Accounting, and Business Law
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Awards
Professional Associations
Colorado Bar Association
Member
- Current
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Publications
Articles & Publications
Coalbed Methane Property Rights
Indiana Farm Bureau
Speaking Engagements
Colorado Dissolution Basics, Second Saturday Divorce Workshop, Parker, CO
Second Saturday Divorce Workshop
Colorado Fiduciary Access Act, Lone Tree
Colorado Professionals Network
Certifications
Lead Counsel Certified Business, Family, & Tax Law
Lead Counsel
Websites & Blogs
Website
Legal Answers
282 Questions Answered

Q. My mother passed away and left me and a sibling a home we live in md do we have to pay taxes when we sell the house
A: You'll have long term capital gains (Carryover holding period from the deceased) equal to the sales amount less the fair market value on the date of death (due to stepped up basis) (or alternate valuation date if that was used), less any costs of sale. It's a capital asset with no exclusion since it's not your personal residence. So when you sell it you pay tax on the net between the sales price and the adjusted basis. That'll be split based on ownership.
Q. Can I sue California for gas prices being more expensive than other states?
A: You can sue anyone for anything as long as you can get them served. You're case will be summarily dismissed, probably for not stating a claim upon which relief may be granted. You may be cited for filing a frivolous suit.
Q. Hello, I have had a Levy placed on my check in SC. levy was released not sure why.
A: You may have paid off the amount owed. You'll need to call in and see what's going on with your account, or hire a professional to do it for you.
Q. What court is a federal tax lien filed in if it only shows Register of Deeds, Shelby County, TN on the lien letter?
A: The IRS doesn't go to court before it records a lien. When you owe tax a lien exists automatically and the IRS then perfects that lien after a period of non-payment. To challenge the lien, or to challenge the tax owed, you'll have to go through the appeals process which will depend on when the tax was assessed and whether a 90 day letter has been issued or not. If the lien is proper and the underlying tax cannot be challenged you have to follow the lien removal procedures by 1. paying the tax owed; 2. establishing a direct debit installment agreement that pays the tax owed within 60 months and paying the balance down to below $24,000; 3, displaying a hardship created by the lien; 4. subordinating the lien, or; 5. having the lien withdrawn. The reference to Shelby county is the location of the property record.
Q. IRS debt after death, are life insurance beneficiaries responsible if there is no other property/savings?
A: The IRS can't go after life insurance paid directly to heirs for taxes due by the deceased or the estate. This is why it's very important to never name your estate as a beneficiary of a policy. You can donate the vehicle to reduce the estate income tax on Form 1041. This is required where the estate created $600 or more in income. You can't take the donation on the deceased's final 1040. Be prepared to show the vehicle had no value. If it has value it should be sold and the proceeds sent to the IRS. The expenses of sale, including the personal representatives fee, should be itemized and submitted as well.
Q. Would I get hit with capital gains tax on house sold that I signed away in divorce settlement?
A: Your obligation on the financing is not related to ownership for tax purposes. As long as you've transferred the property out of your name you won't have any income.
Q. Want to start a trucking company in WA but I live in OR. Want to avoid OR state tax. Ok to do if I get a virtual office?
A: If you operate a a WA company from OR WA still taxes you on any income since you're a resident. The only way to avoid that would be to operate the company as a corporation and don't take any salary or dividends.
Q. I'm 72 I want to transfer my home to my son who will allow me to live rent free in it.Can I do this. Robert
A: There's not really enough facts here to give any real analysis, but if you're not getting a valid explanation form your attorney then you may want to go find a new one who can explain exactly why rent would be required in this situation.
Q. Hi, I wanted to know how true this is post?https://forum.leasehackr.com/t/commercial-leasing-for-companies/11701/16
A: No. First of all it doesn't matter what sort of agreement you have the IRS will look at what actually happened This is called form over function. Second, your personal use of the vehicle is taxable as a wage or a guaranteed payment depending on the entity. The correct method is to track mileage and reduce the business use by the personal use percentage, or add the personal usage to the owner's compensation. Unfortunately that plan would be unwound relatively quickly in an audit.
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Contact & Map
Castle Rock
9800 Mount Pyramid Court
Ste 400
Englewood, CO 80112
USA
Telephone: (720) 213-6204