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Denver Tax Lawyer Discusses S Corporation Election for Small Businesses

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Certain small businesses may choose to make the S corporation election and be taxed as an S corporation.  The video below has been prepared by a tax lawyer at The McGuire Law Firm to provide some general information regarding the S corporation election.  You can speak with a Denver tax lawyer by contacting The McGuire […]

Denver Business Attorney Video on Deficit Restoration Obligation

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A Denver business attorney and tax and tax attorney at The McGuire Law Firm can assist you with your business and tax legal needs.  From business formation to the sale and transfer of business assets or interests a business attorney at The McGuire Law Firm can help you!  Below is a video discussing a deficit […]

IRS Form 12153 Discussed by Denver Tax Attorney

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Form 12153 is an IRS Form of which a taxpayer can use to request a Collection Due Process Hearing (CDP Hearing).  A CDP Hearing can be used to propose alternative resolutions to an IRS tax debt as opposed to IRS enforcement action such as bank levies, wage garnishment and the seizure of assets.  The article […]

Netting a Partner’s Increase and Decrease of Partnership Liabilities

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Under the 752 Treasury Regulations, if through a single transaction, a partner incurs both an increase and a decrease in the partner’s share of the partnership liabilities, only the net increase is treated as a contribution of money and only the net decrease is treated as a distribution of from the partnership.  Below is an […]

Special Allocations Discussed by Denver Business Attorney

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Partnership agreements or operating agreements may call for special allocations of items of income, gain, loss, deductions or credits to specific partners.  The video below has been prepared by a business attorney at The McGuire Law Firm to provide general information regarding special allocations.   Contact The McGuire Law Firm to speak with a business […]

Video on IRS Power of Attorney by Denver Tax Attorney

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IRS Form 2848 is a Power of Attorney that allows you to represented before the Internal Revenue Service.  The video below has been prepared by a tax attorney at The McGuire Law Firm to provide information regarding this form.   You can contact the McGuire Law Firm at 720-833-7705 or John@jmtaxlaw.com to schedule your free […]

Deemed Cash Contribution to Partnership Via Assumption of Liability

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Under Internal Revenue Code section 752(a) an increase in a partner’s share of partnership liabilities, or an increase in a partner’s individual liabilities by reason of the assumption by such partner of a partnership liability or liabilities, shall be considered as a contribution of money by such partner to the partnership.  Because the assumption of […]

Denver Business Attorney Discusses a Buy Sell Agreement

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A Denver business attorney at The McGuire Law Firm can assist you with your business needs.  From business formation and contracts to tax analysis and the sale or transfer of your business, a business attorney at The McGuire Law Firm can assist you!  The video below has been prepared to provide general information regarding a […]

IRS Form 990 Series by Denver Tax Attorney

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Tax exempt organizations and foundations have different tax return and schedule filing requirements than a “normal” business or entity.  Further, if a tax exempt entity fails to file a return the organization may jeopardize their tax exempt status.  990 series information returns and notices are due for organization on the 15th day of the fifth […]