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 […]
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 […]
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 […]
Table of Contents1 What is Form 926?1.1 Who has to file Form 926?1.1.1 Transfers by a partnership:1.2 How do I know I have to file Form 926?1.2.1 1.2.2 What are the most common reasons to file Form 926?1.2.3 What should I pay attention to?1.3 What happens if I don’t file Form 926?1.3.1 What do I […]
Table of Contents1 Why would a nonprofit have to file an international informational tax form?2 How would a nonprofit know if they must file an international form?3 What kind for international informational forms might a nonprofit have to file?3.1 Foreign Bank Account Reporting (FBAR)3.2 Form 5471 Information Return of U.S. Persons With Respect to Certain […]
Table of Contents1 Business Lawyer in Denver Colorado | McGuire Law Firm1.1 Denver Business Lawyers You Can Trust1.2 What is the purpose of a business attorney?1.3 Why a small business needs a lawyer?1.4 Unique Problem Solving for Our Clients1.5 Colorado’s Top Businesses Choose Us for Their Legal Needs1.6 Reliable Denver Business Lawyers1.7 Avoid Risk with […]
Table of Contents1 Financing or Lending2 Assignment of Lease or Purchase of Real Estate3 General Due Diligence4 Permits and Licenses5 Assignment of Contracts 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 […]
Table of Contents1 Authority2 Financial Statements3 Debts, Liens & Encumbrances4 Litigation or Legal Proceedings5 Tax Compliance & Legal Compliance6 The Catch-All 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 […]
Table of Contents1 Summary:1.1 When is a tax-exempt and/or nonprofit entity or organization required to file form 5471?1.2 Why should a TE and/or NP organization care if had or has a form 5471 filing obligation?1.2.1 What can be done to prevent the form 5471 penalty?1.2.2 Where does form 5471 get filed?1.2.3 How can a TE […]
Assessment of FBAR Penalty to be Determined by the United States Supreme Court While there is no doubt that foreign or international tax obligations and reporting requirements are complex, recent cases and the US Supreme Court’s review of an FBAR ruling show that even US Federal Circuit Courts, the Internal Revenue Service and taxpayers […]