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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]