The vast majority of individuals know that they can settle a tax debt with the IRS through an offer in compromise. As a tax attorney, almost every individual and business that has owed taxes to the IRS has asked me questions related to an offer in compromise. The article and video below should provide comprehensive […]
Quite often a client will be in my office and they will state that their business has a 941 tax debt (employment tax debt). This generally occurs because the business is tight on cash flow and thus the employees will be paid their net checks, but the taxes withheld will not be paid to the […]
As an employer you are required to withhold income tax and self employment taxes and remit these taxes to the Internal Revenue Service via federal tax deposits. The frequency of the deposits is dictated by your tax liability. Typically, a deposit will be required to be made with every payroll, every month on or before […]
To become an S Corporation (or to be taxed as an S Corporation) an election is made with the Internal Revenue Service. In addition to such election, an S Corporation must meet certain requirements related to: it’s shareholders, types of shares and numbers of shares. The video below has been prepared by a Denver business […]
What is an IRS tax problem? You may have seen or heard commercials regarding IRS tax problems, but what would constitute such a problem? As a tax attorney I have witnessed many tax problems and the article and video below outlines and discusses these situations. IRS Tax Audits An IRS tax audit would certainly be […]
A tax attorney at The McGuire Law Firm can assist you with your IRS issues and questions. Below is a list of some, but not all of the matters a tax attorney can help you with, and a video that discusses and/or provides one attorney’s idea as to what would constitute IRS tax help. IRS […]
As a tax attorney it is important to know and understand a taxpayer’s rights before the Internal Revenue Service, and I feel it is important for a taxpayer to know and understand their rights as well. It is exciting and interesting to hear that the Internal Revenue Service has recently adopted a Taxpayer Bill of […]
The Statistics of Income bulletin can be interesting to read because the information compares certain tax related figures such as income, adjusted gross income, tax credits and other issues from tax year to tax year. The article below discusses a few of the figures and statistics that have recently been released on the spring of […]
A tax attorney at The McGuire Law Firm can assist you if you receive a Notice of Deficiency (sometimes called a CP 2000)from the Internal Revenue Service. The video below has been prepared to provide general information regarding an IRS Notice of Deficiency. Please contact our law firm with any questions.
The video below discusses the annual gift tax exclusion. If you have questions regarding gifting or the tax implications of gifting, please feel free to contact The McGuire Law Firm. IRS Frequently Asked Gift Tax Questions