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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 […]

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 […]

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 […]

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, […]

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, […]