Under certain circumstances and upon the Internal Revenue Service issuing certain collection notices, you have the right to request a Collection Due Process Hearing.Read More

Comprehensive Review of an IRS Final Notice of Intent to Levy Receiving any notice from the Internal Revenue Service is enough to make most people’s heartskip a beat. However, one notice in particular that is issued by the Internal Revenue Service, theFinal Notice of Intent to Levy may strike the most fear and concern in...Read More

Achieving Tax Relief: A Comprehensive Guide to the IRS Offer in Compromise Program You may have heard the ads on the radio, maybe seen them on TV, or companies have even called you about receiving tax relief by settling your tax debts through the IRS Offer in Compromise Program. Are these ads true? Can you...Read More

Navigating the world of international finance can be a complex task, especially when understanding the requirements and compliance issues related to the Foreign Bank Account Report (FBAR), also known as FinCEN Form 114. This guide aims to comprehensively understand FBAR, its requirements, and how to ensure compliance. What is the FBAR? The U.S. government requires...Read More

What is form 5471: Form 5471 is an information reporting form the must be filed with a taxpayer tax return when they meet certain ownership amounts of foreign corporations. Broadly speaking, the form reports who owns the foreign corporation, the current year financial information of the foreign corporation, information related to subpart F and GILTI...Read More

What is Form 926? Form 926 is required to report transfers by U.S. persons to foreign corporations in an exchange described as a non-recognition transaction.  IRC Section 6038B gives rise to the reporting requirement for Form 926. The nonrecognition transactions that apply are: IRC Section 332 – Complete liquidation of corporate subsidiary, IRC Section 351...Read More

U.S. tax compliance obligations for U.S. nonprofit (NP) organizations are generally fairly straightforward. If the entity is organized as a trust and operates as a pension fund, there may be no formal U.S. tax filing obligation (outside of Form 5500 with the DOL), assuming there is no unrelated business income (UBI). NP organizations may need...Read More

Business Lawyer in Denver Colorado | McGuire Law Firm Denver Business Lawyers You Can Trust If you’re looking for Denver business lawyers that you can rely on to look after your best interests, Mcguire Law Firm is here to help. Mcguire Law Firm has an experienced and trustworthy team of legal professionals dedicated to meeting...Read More

If you are considering purchasing, selling, or acquiring a business, whether it be through an asset purchase or stock purchase, the underlying agreement, and the obligations of the seller or the buyer to close on the transaction are likely to be contingent upon certain conditions. The timing of these contingencies to occur may be before,...Read More

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