If you are looking to settle your tax debt with the IRS through an offer in compromise, you will have options regarding the payment terms.  The video below has been prepared by a Denver tax attorney at The McGuire Law Firm to provide information regarding your payment options.   The McGuire Law Firm has law...Read More

April 15th has come and gone, which is the deadline for filing your individual income tax returns.  Maybe you used a local tax preparer or maybe you prepared your own tax return.  If you live in Colorado, you may have heard that two tax return preparers or companies in Colorado have been accused of preparing...Read More

When forming a business there are certain questions the proprietors should ask and consider.  The list below has been prepared by a Denver small business attorney at The McGuire Law Firm.  While the list is not intended to be exhaustive, it should provide small businesses or small business owners with questions and issues for consideration...Read More

In a previous article drafted by a tax attorney at The McGuire Law Firm, taxation issues upon the sale of a partnership interest were discussed.  The article below has been drafted by a Denver tax attorney to discuss the character of the gain or loss upon the sale of a partnership interest and the Collapsible...Read More

What does a tax attorney do?  This is a common question I am asked.  The world of taxation can be vast and complex and the practice of law in this field can be broad or specific.  Further, taxation relates to almost every area of law.  For example, when working with businesses, tax considerations are made...Read More

A Denver tax lawyer at The McGuire Law Firm can assist taxpayers in resolving their debts and potentially settling their tax debt with the IRS through an offer in compromise.  The video below provides general information regarding the offer in compromise equation and certain deductions and exemptions taxpayers may be able to receive when calculating...Read More

The McGuire Law Firm handles tax matters for our Colorado clients from tax planning and tax analysis to representation before the Internal Revenue Service regarding IRS tax debts, tax audits and other tax matters.  The video below has been prepared by a tax attorney at The McGuire Law Firm to provide information on some of...Read More

Are you considering selling your partnership?  If so, are you wondering what the tax implications and issues of such sale and disposition will be?  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm and discusses the tax matters and issues regarding the sale of an entire partnership business....Read More

What is IRS debt relief?  I have heard many people and/or companies refer to IRS help or IRS representation as IRS debt relief when an individual or a business owes taxes to the Internal Revenue Service.  I think that “IRS debt relief” focuses on resolving an outstanding tax debt to the IRS and/or lowering an...Read More

What is economic effect in relation to substantial economic effect?  In previous articles I have discussed substantial economic effect in general and the background or history.  The regulations under IRC 704(b) test a partnership allocation to determine if it has substantial economic effect, and such is a two-part test.  First the allocation must have economic...Read More