IRS Nominee Tax Lien

•Colorado Tax Law, Colorado Springs Tax Attorney

Table of Contents1 IRS Nominee Tax Lien1.1 What is an IRS Nominee Tax Lien?1.2 What is the Purpose of a Nominee Tax Lien?1.3 What Assets or Property Can a Nominee Lien Attach To?1.4 Can the Nominee Request a Collection Due Process Hearing (CDP)?1.5 What Elements or Facts Does the IRS Look for When Filing a […]

IRS Report of Foreign Bank and Financial Accounts (FBAR) Audits

•John McGuire

•IRS Matters & Disputes

•no comments

Table of Contents1 Introduction: FBAR Audits2 Does the IRS audit people or entities for their Report of Foreign Bank and Financial Accounts (FBAR) Form 114 compliance?3 How does the IRS determine who they will audit for FBAR compliance?4 What happens when the IRS audits a taxpayer for FBAR compliance?4.1 IRS Initial contact:4.2 Appointing a representative […]

FBAR Advice Lost Through Translation? FBAR Case: Osamu Kurotaki v. The United States of America (IRS)

•John McGuire

•Denver Business Attorneys, IRS Matters & Disputes

•no comments

Table of Contents1 Facts of the Case2 Quick Background on Summary Judgment3 FBAR Penalties4 The Application of Willfulness in the Kurotaki Case Although, the current status of the Kurotaki v. The United States of America case stands with the US District Court for the District of Hawaii determination on the government’s motion for summary judgment, […]

IRS Notice LT 11: Intent to Levy

•John McGuire

•Colorado Tax Law, IRS Matters & Disputes, Uncategorized

•no comments

Table of Contents1 2 IRS Notice LT 11: Intent to Levy3 What is Notice LT 11?3.1 What Does the Notice LT 11 Mean?3.2 Who Issues the LT 11 or How is the LT 11 Issued by the IRS?3.3 Can an LT 11 Be Issued to Both an Individual or Business?4 What Should I Do If […]

Offer in Compromise with IRS: How To Best Settle a Tax Debt

•John McGuire

•IRS Offer in Compromise

•no comments

Table of Contents1 Offer in Compromise with IRS: How To Best Settle a Tax Debt1.1 What is the IRS Offer in Compromise Formula or What is the IRS Offer in Compromise Equation?2 Equity in Assets as it Applies to the Offer in Compromise Formula2.1 Offer In Compromise Formula for Disposable Income2.2 Running the Numbers: Example […]

Understanding Your Right to a Collection Due Process Hearing with the IRS

•John McGuire

•IRS Final Notice, Blog, Colorado Tax Law, Denver Business Attorneys, McGuire Law Firm, Tax Settlement

•Business Law, Collection Due Process Hearing, Denver Tax Attorney, IRS Hearing, Tax Law

•no comments

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

IRS Final Notice of Intent to Levy

•John McGuire

•Blog, Colorado Tax Law, Denver Business Attorneys, Denver Tax Attorneys, IRS Final Notice

•no comments

Table of Contents1 Comprehensive Review of an IRS Final Notice of Intent to Levy1.1 What is a Final Notice of Intent to Levy?1.2 When and How is a Final Notice of Intent to Levy Issued by the IRS?1.3 What is a Levy Under the Context of a Final Notice of Intent to Levy?1.4 What can […]

IRS Offer in Compromise Program

•John McGuire

•IRS Offer in Compromise, Denver Tax Attorneys, Form 433A OIC, IRS Matters & Disputes, IRS Settlement, Offer in Compromise, Tax Settlement

•no comments

Table of Contents1 Achieving Tax Relief: A Comprehensive Guide to the IRS Offer in Compromise Program1.1 Can you settle your tax debts with the IRS through an offer in compromise?1.2 What is an IRS Offer in Compromise?1.3 Who is Eligible to Participate in the Offer in Compromise Program?1.4 How Much Will it Take for the […]

The Ultimate Guide to FBAR: Understanding and Filing the Foreign Bank Account Report (FinCEN Form 114)

•John McGuire

•Denver Business Attorneys, Denver Tax Attorneys, IRS Matters & Disputes

•Denver Tax Attorney, Denver Tax Lawyer, FBAR

•no comments

Table of Contents1 What is the FBAR?2 Who Must File an FBAR?3 FBAR Compliance and Filing4 Penalties for Non-compliance4.1 Other Foreign Compliance Forms4.2 What If I Have Failed to File FBARs for One Or Multiple Years?5 Taxation on Foreign Income from FBAR Accounts or Assets5.1 What If I Have Already Paid Tax To A Foreign […]

Foreign Entity Ownership – U.S. Tax Reporting – Form 5471

•John McGuire

•Denver Business Attorneys, Denver Tax Attorneys, IRS Matters & Disputes, Uncategorized

•Business Law, Denver Business Attorney, Denver Tax Attorney

•no comments

Table of Contents1 What is form 5471:2 Who has to file form 5471:3 Who is a U.S. Shareholder?4 Do all U.S Shareholders have to file a form 5471?5 The current form 5471 category filers are broken out into the following categories:6 If you meet one or more category filers, do you have to file every […]