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Taxation Upon Sale of a Partnership by Denver Tax Attorney

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Are you considering selling your partnership?  If so, are you wondering what the tax implications and issues of such sale and disposition will be?  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm and discusses the tax matters and issues regarding the sale of an entire partnership business. […]

IRS Debt Relief by Denver Tax Attorney

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What is IRS debt relief?  I have heard many people and/or companies refer to IRS help or IRS representation as IRS debt relief when an individual or a business owes taxes to the Internal Revenue Service.  I think that “IRS debt relief” focuses on resolving an outstanding tax debt to the IRS and/or lowering an […]

What is Economic Effect in Substantial Economic Effect by Denver Tax Attorney

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What is economic effect in relation to substantial economic effect?  In previous articles I have discussed substantial economic effect in general and the background or history.  The regulations under IRC 704(b) test a partnership allocation to determine if it has substantial economic effect, and such is a two-part test.  First the allocation must have economic […]

Loan Versus Capital Contribution by Denver Business Attorney

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When starting a business or acquiring additional capital for a business you may need to decide between obtaining a loan or capital contributions in the form of cash or property.  Both options have advantages and disadvantages for the parties involved.  A Denver business attorney at The McGuire Law Firm has prepared the video below to […]

Stock Swap Statutory Merger by Denver Business Attorney

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How do businesses merge, or how does one business acquire another business?  Maybe you have read of mergers and acquisitions in the Wall Street Journal, or maybe you hear about them on the news.  But, how do these mergers or acquisitions actually occur internally in terms of corporate ownership?  There are multiple ways for one […]

Tax Implications on Sale of Partnership Interest by Denver Tax Attorney

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So you have worked hard with your partners and built a strong and respectful business.  Now you wish to sell your partnership interest.  Maybe you are looking to retire, or maybe you just want to try a new endeavor, but regardless you are going to sell your partnership interest.  As you begin the process, a […]

Tax Settlement With CO Department of Revenue by Denver Tax Lawyer

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The majority of people know that they can settle a tax debt with the IRS through an offer in compromise, but many individuals are not sure about settling tax debts with a state revenue department or taxing authority.  Every state is different, but in Colorado, a tax debt can be settled with the Colorado Department […]

Denver Business Attorney Discusses Delaware Corporations

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Why are so many corporations incorporated in Delaware?  Yes, the tiny state of Delaware has been the most popular jurisdiction for corporations for close to or over a century for large, publicly traded multi-state corporations.  I have read that close to 60 percent of the largest 500 United States corporations are Delaware corporations and that […]

IRS Form 656 Discussed by Denver Tax Lawyer

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A Denver tax lawyer at The McGuire Law Firm can assist you with IRS and tax matters.  Whether you need to resolve a tax debt or need assistance with tax planning or business tax matters and analysis, a tax lawyer at The McGuire Law Firm can help you or your business.  The video below has […]

IRS Tax Relief by Denver Tax Attorney

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What is IRS tax relief?  Recently, I was meeting with a client and was asked this question.  When I really thought about IRS tax relief, I realized it is used generally, is subjective and thus likely has different meanings depending upon who you ask and the specific circumstances involved.  The article below has been drafted […]