Entries by John McGuire

Formation of the Partnership: Contribution of Property & Basis by Denver Tax Attorney

Formation of the Partnership: Contribution of Property & Basis  At The McGuire Law Firm a Denver tax attorney and business attorney can assist clients with the formation of their partnership and the tax consequences based upon the property contributed by the partners.  The article below has been drafted by a tax attorney may be useful […]

Simplified Employee Pension (SEP)

Simplified Employee Pension (SEP) Certain individual retirement accounts or individual retirement annuities may qualify as a simplified employee pension (SEP).  Under a SEP each employee’s contributed funds are placed in an individual retirement account (IRA) that the employee controls as an investment and the distributions.  Our tax attorneys in Denver have helped many individuals understand […]

Corporate Earnings & Profits

Corporate Earnings & Profits  A tax attorney at The McGuire Law Firm can assist your corporation regarding corporate issues such as earnings & profits, and what this term means to their business.  A tax attorney can help individual business owners regarding certain transactions of which the corporate earnings & profits will play a role.  Below […]

C Corporation Considerations When Selling Your Business

C Corporation Considerations When Selling Your Business  As a business and tax attorney, John McGuire at The McGuire Law Firm is commonly asked, “how should I sell my business, and what are the tax implications?”  This question brings about many issues; way too many to be discussed in a short article, but the owners of […]

Partnership Special Tax Allocations

Special Tax Allocations  The special tax provisions included in the majority of partnership agreements such as limited partnership and limited liability company (LLC) operating agreements, exist to satisfy requirements regarding the regulation of partnerships as established within the Internal Revenue Code.  These special allocation provisions can alter the bargained for agreement and understanding of the […]