If you filed a tax return with the IRS married filing joint and you were unaware of the issues or matters that eventually lead to a tax debt with the IRS, you may be able to obtain relief from the IRS through innocent spouse relief. The video below has been prepared by a tax attorney […]

What is a Testamentary Trust?

•admin

•Denver Estate Planning Attorney, McGuire Law Firm, Videos

•Denver Estate Planning Attorney, Testamentary Trust, Will and Last Testament

•no comments

What is a testamentary trust? This may be a common question asked of an estate planning attorney, and a testamentary trust may be a common type of trust used by an estate planning attorney when working on a client’s over estate plan. In short, a testamentary trust is a trust that arises or is created at the […]

What is a Step Up in Basis?

•admin

•Denver Estate Planning Attorney, Denver Tax Attorneys, McGuire Law Firm, Videos

•Denver Estate Planning Attorney, Denver Tax Attorney, Step up in Basis

•no comments

Generally if you receive property through an inheritance and the value of the property was claimed in the decedent’s estate you receive a step up in basis? So what does this mean? What is a step up in basis? Generally, a step up in basis means that you take the property with a basis at […]

What is a Non Disclosure Agreement?

•admin

•Denver Business Attorneys, Denver Small Business Attorney, McGuire Law Firm, Videos

•Denver Business Attorney, Non Disclosure Agreement

•no comments

A Non Disclosure Agreement can be used in many circumstances. The video below has been prepared by a business attorney at The McGuire Law Firm to discuss the use of a Non Disclosure Agreement in the context of a potential purchase or sale of a business. Generally, it is recommended that you enter into a […]

Denver Estate Planning Attorney Free Consultation

•admin

•Denver Estate Planning Attorney, McGuire Law Firm, Videos

•Denver Estate Planning Attorney

•no comments

You can contact The McGuire Law Firm to schedule a free consultation with a Denver estate planning attorney. We feel it is very important to provide a free consultation to first and foremost meet a potential client, and then of course, discuss your estate planning needs, questions and concerns. The most important questions do not […]

United States Tax Court

•admin

•Colorado Tax Law, Denver Tax Attorneys, IRS Matters & Disputes, McGuire Law Firm, Videos

•Denver Tax Attorney, Notice of Deficiency, United States Tax Court

•no comments

Under certain circumstances a taxpayer may find themselves in United States Tax Court or have the ability to petition the United States Tax Court regarding a tax matter with the Internal Revenue Service. The US Tax Court is a “travelling” court in the sense that it is not always in session in all of the […]

Has a Gift Been Made?

•admin

•Denver Estate Planning Attorney, McGuire Law Firm, Videos

•Denver Estate Planning Attorney, Gift Tax, Gifting Issues

•no comments

When property is gifted it is important to look at the facts and circumstances surrounding the gift, and analyze whether or not a gift has actually been made for estate tax purposes. If a donor maintains a certain amount of control over the property than a gift may not have been made for estate tax […]

How is the Sale of a Business Taxed?

•admin

•Denver Business Attorneys, Denver Small Business Attorney, Denver Tax Attorneys, McGuire Law Firm

•Denver Business Attorney, Denver Tax Attorney, Sale of Business

•no comments

How is the sale of a business taxed? How is the sale or transfer of my business (stock or partnership interest) taxed? How is the sale of a business asset or group of business assets taxed? These are common questions that a business owner or the holder of a business ownership interest such as stock […]

What is a Special Bequest?

•admin

•Denver Estate Planning Attorney, McGuire Law Firm, Videos

•Denver Estate Planning Attorney, Specific Bequest

•no comments

What is a specific bequest? This may be a common question that is asked of an estate planning attorney, and specific bequests are common and important when assisting individuals with their estate plan. A specific bequest is stated within a will and last testament and is when a testator or testatrix bequeaths a specific item […]

What is a Carryover Basis?

•admin

•Denver Estate Planning Attorney, Denver Tax Attorneys, McGuire Law Firm, Videos

•Basis in Gift, Carryover Basis, Denver Estate Planning Attorney, Denver Tax Attorney, Gifting

•no comments

What is a carryover basis? When will you receive property subject to a carryover basis? The video below has been prepared to provide additional information related to carryover basis. You may ask, why do I care about taking property subject to a carryover basis as opposed to a step up in basis? The simple answer […]

Blog