In previous articles S corporation stock basis has been discussed, and specifically what items will increase the stock basis and what items will decrease stock basis. However, there are ordering rules when increasing S corporation stock basis, which is very important because the taxation of a distribution from an S corporation and deductibility of a […]

How To Stop An IRS Levy

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•Denver Tax Attorney, IRS Bank Levy, IRS Wage Garnishment

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Receiving a levy from the IRS, whether it is an IRS bank levy or IRS wage levy is frightening, upsetting and can create a financial disaster. If you owe taxes to the IRS, there are ways to stop an IRS levy. The video below has been prepared by a Denver tax attorney to provide additional […]

Form 668Y IRS Tax Lien

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Form 668Y is the form used by the IRS when the IRS files a tax lien. The form will state the taxpayer, type of tax owed, the amount of tax and period of tax. Generally, the IRS will file Form 668Y in the county where the taxpayer lives or conducts business and the county or counties where […]

Colorado Department of Labor Audit

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•Denver Tax Attorney, Department of Labor Audit, Employee Versus Independent Contractor

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As a business, you may be audited by the Colorado Department of Labor regarding the classification of independent contractors. If a business is improperly classifying an employee as an independent contractor, the individual can be reclassified as an employee and penalties may apply. The video below has been prepared by a Denver tax attorney to provide […]

What is a Subsidiary?

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What is a subsidiary? These may be a common question a business owner would ask their attorney when looking at the structure of their business or another businesses structure. In short a subsidiary is a company that is owned or partially owned by another business, and generally the ownership would be such that the business […]

What is a Living Will

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What is a living will? This is a common question many people will ask an estate planning attorney. A living will can express certain wishes regarding an individuals health care if they are terminally ill or incapacitated. This document can be very useful as it provides your wishes and can take stress off of loved […]

Denver Tax Lawyer Free Consultation

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•Denver Tax Lawyer, Free Consultation

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The McGuire Law Firm provides a free consultation with a Denver tax lawyer. The firm feels this free consultation is important for a client to be comfortable with their tax lawyer, and it assists the tax lawyer in understanding the client’s issues, questions, matters and expectations prior to entering into the lawyer – client relationship. […]

What is a Parent Corporation?

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In general, a parent corporation is a corporation that would own the stock or interests in another corporation or business such that the entity can control the other business. As a business attorney, I am often asked, what is a parent corporation? Further, many business owners will inquire as to whether a business structure with […]

Common Estate Planning Documents by Denver Estate Planning Attorney

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What are common estate planning documents? This may be a common question asked of an estate planning attorney, and it is important for people who are beginning to plan their estate to understand what their options are. Common estate planning documents could be: – Will and Last Testament – Living Will – Medical Power of […]

Denver Tax Attorney Video on Choosing Filing Status

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•Denver Tax Attorney, Filing Status

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When preparing your 1040 Individual Income Tax Return, you must choose the correct filing status. There are five options: Single, Married Filing Separate, Married Filing Joint, Head of Household and Qualifying Widow or Widower. Choosing the incorrect status can create problems with your tax return. The video below has been prepared by a Denver tax […]

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