How can I release an IRS wage garnishment? Can you release an IRS wage garnishment? As a tax attorney, these are common questions I am asked and therefore, I have prepared the article and video below to provide information regarding IRS wage garnishments, and how such garnishments may be able to be released. In my […]
How do I resolve my IRS tax problem? As a tax attorney this is a common question I hear. The article and video below have been prepared to provide additional information regarding how to resolve an IRS matter or problem. The resolution of your tax problem will depend upon the type of problem that you […]
An 1120S is a corporate income tax return and the Schedule L is a balance sheet for the corporation. The balance sheet will state the corporation’s assets such as cash, land, depreciable assets, loans to shareholders etc. Furthermore, the balance sheet will state the corporation’s liabilities such as mortgages, accounts payable, loans from shareholders and […]
As a tax attorney I have been contacted by many individuals who have accrued a tax liability with the Internal Revenue Service and are hoping to obtain some form of spousal relief. In my opinion, the most common form of spousal relief, at least that known by the general public is innocent spouse relief. The […]
Often I find that clients misunderstand a tax lien, and often a tax lien is confused with a tax levy. A levy is an actual taking of property and tax lien, like other liens can be viewed as a claim against property or an encumbrance on property. I’ve decided to draft a series of articles […]
What is an IRS tax attorney? I have heard the term before and as a tax attorney I thought I would draft the article and prepare the video below to provide my opinion or definition of an IRS tax attorney. First, in my opinion, an IRS tax attorney could be an attorney working for the […]
In prior articles, a tax attorney from The McGuire Law Firm has discussed Federal Tax Liens. Such articles have been more general in nature and the law firm has received requests to provide articles on more specific issues in relation to a tax lien. Please remember, these articles are always for informational purposes only. The […]
As a business attorney, John McGuire counsels small to medium sized businesses on a variety of issues and transactions. Below is a short outline of some of the matters in which your business may be able to use the services of a business attorney. Business Formation & Structure The formation and structure of your business […]
If you owe taxes to the IRS or are having another dispute, there are IRS tax resolutions available to you. The article below has been prepared by a Denver tax attorney at The McGuire Law Firm to discuss common resolutions to IRS tax issues, and a video has been prepared as well. Many people and […]
What is Section 1245 property? The article below has been drafted by a tax attorney at The McGuire Law Firm to provide information on section 1245 property. Section 1245 property is property that is or has been subject to an allowance for depreciation or amortization. Gain on section 1245 property is treated as ordinary income […]