You have seen their commercials on TV.  You have heard their commercials on the radio.  Maybe you have even been directly solicited by them over the telephone.  I am writing about national tax relief companies, or so they call themselves tax relief companies, but the majority (vast majority) will only take your money with little...Read More

What is a Schedule C?  This is a common question asked of business attorneys and tax attorneys.  The article below hopefully will  help answer the above question and give additional insight as to the importance of the Schedule C. IRS Form Schedule C is titled Profit or Loss From Business and is a schedule attached...Read More

What is a schedule A?  What are itemized deductions?  Can I write off my medical expenses?  These are common questions asked of a Denver tax attorney by clients at The McGuire Law Firm.  The article below has been drafted by a tax attorney at The McGuire Law Firm to assist with some of the questions above....Read More

The majority of taxpayers know that they can settle their tax debts with the IRS through an offer in compromise.  However, many taxpayers ask a Denver tax lawyer if Colorado or other states have a similar program whereby they can settle their debts.  Although, each state has different programs to resolve tax liabilities, the state...Read More

In previous articles our a tax attorney at The McGuire Law Firm has explained what the trust fund recovery penalty is.  Because many clients and taxpayers inquire as to the process surrounding the personal assessment of the trust fund recovery penalty the article below has been drafted by tax attorney at The McGuire Law Firm....Read More

Previously a Denver tax attorney at The McGuire Law Firm has written articles regarding the process of preparing and submitting an offer in compromise to the IRS.  However, clients will often ask a tax attorney, “what is the offer process once the offer is submitted to the IRS?”  We hope the article below helps answer...Read More

In previous articles a tax attorney at The McGuire Law Firm has explained what an offer in compromise is and how an offer in compromise is calculated.  While we hope these articles have been helpful, we also thought it may help to outline the general procedure of preparing and submitting an offer in compromise to...Read More

Issues regarding gain or loss upon the sale of stock are common issues faced by a Denver tax attorney or business attorney at The McGuire Law Firm.  A recent United States Tax Court case dealt with gain recognition when a taxpayer was relieved of debt through court proceedings.  The Tax Court agreed with the IRS...Read More

“So, we’ll take step one, and then step two and then step three and then pay no tax!?  Wow, that’s great, we should have been doing this for years!”  Maybe you have heard these words, or even said these words.  With all the current tax law, tax attorneys, CPAs, accountants and others have found loopholes...Read More

Many clients consult their tax attorney or business attorney about establishing an agreement with third parties or employees whereby the individual would receive a profits only interest in the business.  In a typical profits only interest, the employee or a third party service provider receives a grant of a certain percentage of the business profits. ...Read More