What Makes Us Different

The Dual-License Advantage

As both a Colorado licensed Attorney and Colorado licensed Certified Public Accountant, Philip Falco combines both disciplines for you. There is no need to have a separate attorney and CPA. Ultimately, you save money and time.

Whether it is tax preparation or a legal matter, tax and law almost always overlap. An attorney will tell you to ask the CPA, and the CPA will tell you to ask the attorney. However, in our office, we handle both the legal and tax matters together.

Whether it is a tax matter related to a divorce, business or business transaction — we can help.

Attorney-Client Privilege

Why is a dual-licensed Attorney–Certified Public Accountant the perfect fit for your tax law problem? An attorney or tax attorney has the full attorney-client privilege under the law. However, a CPA's privilege does not extend to IRS criminal matters.

If your tax problem is investigated by the IRS criminal division, your CPA could be subpoenaed to testify against you. Only the attorney-client privilege survives a state or federal criminal tax investigation or prosecution.

CPA Skills and Discipline

On the other hand, attorneys typically lack the rudimentary education and background in tax and accounting required to have a deep understanding of your tax law case. Non-CPA attorneys typically hand off the heavy lifting of tax preparation to CPAs.

Tax preparation — either a deep understanding of it or the time-tested ability to perform it — is key to being a forceful attorney in this highly specialized area of law. A dual-licensed Attorney-CPA is a rare breed and is best suited to handle tax law cases.

The Bottom Line

• Attorney-Client Privilege — Full protection even in IRS criminal investigations
• CPA-Level Tax Expertise — Deep understanding of tax code and return preparation
• One Professional, Both Disciplines — Save time and money with a single point of contact
• Rare Combination — Very few professionals hold both licenses, making this a significant advantage

Contact Philip Falco at (303) 626-7000 to experience the dual-license advantage.