Should I be an S corporation? What is an S corporation? Business owners may ask their business attorney these questions as they are forming their business or when considering their entity structure and the taxation of their business. The article below, drafted by a Denver business attorney discusses an S corporation as an entity choice […]
Contact The McGuire Law Firm to schedule your free consultation with a Denver tax attorney. A tax attorney can assist you with IRS issues such as tax debts, tax audits and other problems as well as individual & business tax planning and the tax implications of specific issues and transactions. Offices in Denver […]
Will I itemize my deductions or will I take the standard deduction? This is a common question an individual may ask their tax attorney or their CPA when preparing and filing their 1040 individual income tax return. The article below, drafted by a Denver tax attorney at The McGuire Law Firm discusses how to make […]
What are capital gains? What are capital losses? These are common questions people may ask their tax attorney. The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to state some facts regarding capital gains and capital losses. The sale of a capital assets results in a capital gain […]
Many people have heard horror stories about the probate process. Maybe they have heard probate is costly, or maybe it took a very long time for a friend or family member to go through the probate process for a loved one. Due to these issues and stories, it is common for estate planning attorneys to […]
Many individuals will receive unemployment benefits if they lose their job or are laid off. Individuals receiving unemployment benefits will often ask a tax attorney if their unemployment benefits are taxable. Although, the benefit payments are helpful during unemployment these payments are taxable. The article below has been drafted by a Denver tax attorney at […]
Does bartering create taxable income? Bartering is taxable? These are common questions and expressions regarding bartering that may be asked of a tax attorney. Bartering is basically when services are traded. For example, maybe you own a landscaping business and your neighbor is a mechanic and owns and auto mechanic shop. You may be having […]
Partnerships are a very popular choice of entity for many small businesses. There are multiple types of partnerships including a limited liability company (LLC), general partnership, limited partnership, limited liability limited partnership (LLLP) and others. The article below has been drafted by a Denver small business attorney at The McGuire Law Firm to discuss a […]
Each individual with taxable income must file an individual income tax return. With all of the forms and schedules it is likely that many people’s tax returns will differ. One common issue or thread when taxpayer’s prepare their tax return is the issue of dependents and exemptions. The article below has been drafted by a […]
You have worked hard your whole life and paid into social security. Now, you are receiving social security benefits. Are my social security benefits taxable? This is a common question clients may ask their tax attorney. The answer is, it depends. It depends upon other sources of income you may or may not have as […]