So, assume you are a business owner who has worked hard to build a successful business, and now it is time to sell your business.  Or think you are looking to buy and acquire a business with plans to expand and grow the business.  Your attorney provides you with the stock or asset purchase agreement,...Read More

Centennial Colorado is a thriving suburb located just south of Denver, Colorado and is a great place to start or grow a business.   As small business experts in Centennial, the McGuire Law Firm specializes in helping entrepreneurs navigate the legal landscape of starting and growing a small business as well as helping to manage...Read More

Summary: Tax-exempt and/or nonprofit organizations may be required to file form 5471. There are several instances where form 5471 would be required. Often, detailed analysis and thorough understanding of the tax rules are required to determine if there is a filing obligation. Failing to file (including late filing) for form is subject to a $10,000...Read More

Assessment of FBAR Penalty to be Determined by the United States Supreme Court   While there is no doubt that foreign or international tax obligations and reporting requirements are complex, recent cases and the US Supreme Court’s review of an FBAR ruling show that even US Federal Circuit Courts, the Internal Revenue Service and taxpayers...Read More

Hiring a Tax Attorney in Denver Before Tax Season Tax season is upon us again, and you may ask yourself if there are benefits of hiring a tax attorney in Denver. This means filing returns, paying taxes, and dealing with any issues that arise along the way. While many try to handle things themselves, doing...Read More

The McGuire Law Firm Business Attorney Denver Our Denver business attorneys are highly skilled and practice various transaction matters. They know how to guide businesses through the complexities of the law effectively. We can assist you with drafting contracts, negotiating deals, and resolving disputes. We advise on employment agreements, intellectual property issues, commercial leases, real...Read More

The IRS Streamlined Procedures Q&A’s There are many legitimate reasons United States persons may maintain foreign bank accounts or foreign assets. Perhaps an individual owns real estate in a foreign country, making payments via a foreign bank account easier. Alternatively, an individual has come to the United States for education and remained or married a...Read More

What Is Form 5471?  The title of Form 5471 lays it out succinctly, “Information Return of U.S. Persons Concerning Certain Foreign Corporations.”  It is the form used to report information about a foreign corporation where a US person owns an interest in the said foreign corporation. It sounds simple enough…. A taxpayer or tax practitioner...Read More