If the Internal Revenue Service has filed a tax lien against me, what are my rights as a taxpayer?  Because a tax lien filed by the IRS can have many negative implications, it is very important that you understand your rights as a taxpayer when the IRS files a Notice of Federal Tax Lien.  The...Read More

The United States Tax Court is a federal trial court and hears cases relating to federal tax matters prior to the additional assessment of tax by the Internal Revenue Service.  It is important to note, that a taxpayer does not need to pay the tax prior to bringing their case before the US Tax Court,...Read More

Who qualifies for the Earned Income Tax Credit?  Does my child qualify for the Earned Income Tax Credit?  As a tax attorney, these are common questions I am asked.  Furthermore, as a tax attorney, it is quite often I see a taxpayer improperly claim a child for purposes of the Earned Income Tax Credit. To qualify...Read More

In previous articles the Residual Method has been discussed in regards to allocating the consideration paid for a business.  As you may recall, the residual method requires the consideration paid to be allocated amongst classes of assets in a particular order.  The article below has been prepared by a tax attorney at The McGuire Law...Read More

If you have an issue or matter with the IRS, you may wonder what your options are to resolve such issue.  Thus, what is an IRS tax resolution and what resolution options are available?  The article and video below have been prepared by a tax attorney to provide their opinion regarding what is an IRS...Read More

How is the purchase price or monies paid for a business allocated?  When a business owner sells their business for a lump sum amount, the sale is considered a sale of each individual business asset as opposed to one single asset.  Of course, this would not necessarily apply if the exchange or transfer was considered...Read More

A limited liability company (LLC) can be managed by a manger or managers, or the LLC can be managed by the members of the LLC.  There are advantages to both depending upon the circumstances of the business, the knowledge of the members, the involvement of the members and other issues.  For example, the members of...Read More

The simple truth is, I can sleep at night again thanks to John McGuire. Thanks to some poor decisions and a great deal of procrastination, I found myself in a huge hole and the IRS was starting to throw shovelfuls of dirt on me. Thanks to fees and penalties, the relatively small amount I owed to the...Read More

I have used John McGuire as my business attorney and tax attorney for over four years.  John has assisted me with the sale of a partnership and the related tax issues, business contracts, tax planning and other business issues.  I can always get a hold of John for his advice and counsel, and I value...Read More

I hired John McGuire as my tax attorney to help me with my IRS tax debts.  I had been paid as a 1099 independent contractor and did not know about self employment taxes and estimated payments.  John helped me understand my tax requirements and got me back on track.  Thereafter, John was able to settle...Read More