Where is a tax lien filed? The place of filing of a lien is important for multiple reasons and will be discussed in the article below. Please understand the information provided below and within this email is for informational purposes. You should always contact a tax attorney or tax professional to discuss current law and/or […]

What is Form W-3?

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•Denver Tax Attorneys, McGuire Law Firm, Videos

•Denver Tax Attorney, Form W-2

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What is Form W-3? A W-3 is a form (a transmittal) submitted to the Social Security Administration stating total numbers of W-2s all wages paid and social security and Medicare taxes and federal income taxes withheld. The video below has been prepared by a tax attorney at The McGuire Law Firm regarding a W-3. For […]

Transferring Property Subject to a Federal Tax Lien

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

•Denver Tax Attorney, IRS Tax Lien

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What happens if I sell property and have an IRS tax lien? Can I transfer property if the IRS has filed a tax lien against me? These are common questions that individuals or businesses who have had a tax lien filed against them may ask a tax attorney. John McGuire is a tax attorney in […]

General Accounting Equation

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•Denver Tax Attorneys, McGuire Law Firm, Videos

•Denver Business Attorney, Denver Tax Attorney

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The general accounting equation: Assets = Liabilities + Equity is an important equation for a small business owner, or any business owner to understand. It is relatively simple and makes sense when you think about an asset, or assets and their related liabilities and thus your equity. The equation can thus be stated in terms […]

What is a Sole Proprietorship?

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

•Denver Business Attorney, Sole Proprietorship

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What is a sole proprietorship? By definition a sole proprietorship is a business with a single owner. Thus, there are not multiple partners, shareholders or individuals working together for a profit such as with a partnership or corporation. I am surprised at how often I see individuals operating as sole proprietorship and I have seen […]

IRS Installment Agreement

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

•Denver Tax Attorney, IRS Installment Agreement

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What is an IRS installment agreement? How much will the IRS want each month to pay back my taxes? As a tax attorney, these are common questions I am asked when an individual or business owes back taxes to the IRS and is looking at paying such taxes through an installment agreement or payment plan. […]

Darlene K., Midland MI

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•Testimonials

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By business had a large 941 tax liability mainly due to a family member’s death. I had worked with other tax attorneys trying to resolve the issue with the IRS but felt like I was not getting anywhere. I was referred to John McGuire, and hired John as my tax attorney to represent me before the IRS. John dealt with the IRS while my business was sold and then represented me personally because I was held responsible for a portion of the taxes. I was so scared of the IRS, but the IRS never touched my business or me personally. John was able to settle my personal tax debt with the IRS using an offer in compromise and the tax liens were removed. I continue to consult John regarding my federal tax questions and he always takes the time to speak and work with me. I have recommended John to family and friends and he has helped them with their personal and business taxes. I would highly recommend John as a tax attorney to any individual or business.

How Does a Tax Lien Arise & What is the Duration of a Tax Lien?

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•Colorado Business Law

•Denver Tax Attorney, IRS Tax Lien

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How does a tax lien arise? How long does the tax lien exist? As a tax attorney these are common questions that I hear. The article below will continue our discussion on tax liens and attempt to answer the questions above. How is a tax lien created or how does a tax lien arise? As […]

Partnership K1

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•Denver Business Attorney, Denver Tax Attorney, Partnership K1

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As a pass through entity, a partnership will pass gain, loss, deduction, credits and other items through to the partners. These items are reported on Schedule K1. Each partner will receive a K1 and these K1s are forwarded to the Internal Revenue Service and thus the IRS is aware of the pass through items the partner(s) […]

What is an UPREIT?

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

•1031 Exchange, Denver Tax Attorney, UPREIT

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The article below has been drafted by a tax attorney at The McGuire Law Firm to provide information regarding Real Estate Investment Trusts and 1031 Exchanges. Please note the article below is for informational purposes and you should always consult a tax attorney, business attorney or another attorney experienced with your issues before entering into […]

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