Recently I have heard and seen many commercials relating to IRS back tax help. So what exactly is back tax help? As a tax attorney who has assisted many clients in resolving their IRS debts and IRS problems, I have drafted the article and prepared the video below in an attempt to provide an explanation […]
In previous articles, a Denver business attorney at The McGuire Law Firm has discussed certain types of mergers. Recently, a client inquired as to who votes in statutory merger and such question or issue deserves some attention. The article below has been prepared by a business attorney to provide general information regarding corporate voting issues […]
What is a substitute filed tax return? As a tax attorney, I have seen the IRS and state taxing authorities file tax returns for taxpayers when the returns are not voluntarily filed. The article and video below should provide some information regarding a substitute tax return. So you never filed a tax return, but yet […]
What is Section 1231 property? What is Section 1231 gains or losses? Recently I was asked these questions as I mentioned 1231 property to a client who was preparing to dispose of certain assets. A tax attorney at The McGuire Law Firm has prepared the article below to discuss 1231 property and hopefully the article […]
Tax laws are always changing or being interpreted and the IRS is always issuing new programs and revenue procedures. It is important for a tax attorney to stay as current as possible with such matters. The article below has been drafted by a Denver tax attorney at The McGuire Law Firm regarding current tax matters […]
You owe taxes to the IRS and now the IRS has filed a tax lien, or what is called a Notice of Federal Tax Lien. So what is a tax lien? How will this lien impact you or your business? The article and video below have been prepared by a tax attorney at The McGuire […]
In previous articles, the collapsible partnership rule has been discussed. The article below has been prepared by a tax attorney to further our discussion of this rule and provide an example of the rule when partner’s allocation of profits and losses are different. Many partnership agreements call for special allocations whereby one partner (or multiple […]
How much can I settle my IRS tax debt for? I have heard, and answered this question many many times. Of course, this is a common question for an individual or a business owner that owes taxes to the IRS. My answer is always, “it depends.” This is because the amount that the IRS will […]
What is IRS tax relief? You may have heard this statement on the radio, tv or elsewhere but what do you think it means? A tax attorney from the McGuire Law Firm has prepared the video below to provide what they feel constitutes IRS tax relief. In short, such relief is likely to involve the […]
When you file your 1040 Individual Income Tax return, if you itemize your deductions, you file a Schedule A with your income tax return. Generally, you will itemize your deductions if these deductions are greater than the standard deduction allowed. Examples of itemized deductions would include: mortgage interest, real estate taxes, medical expenses (subject to […]