Issues That Arise When Forming A Trust and Estate Planning

Estate Planning Issues That Arise When Forming A Trust

•Denver Estate Planning Attorney, Denver Tax Attorney

Table of Contents1 Do I Need Estate Planning?2 Is My Estate Plan Good Enough?3 I Have A Living Trust, Do I Need A Will?4 What Is Probate?5 With A Small Estate, Should I Still Consider Probate?6 Types of Trusts7 Charitable Remainder Trusts8 How the McGuire Law Firm Can Help Do I Need Estate Planning? Estate […]

What You Should Know About Qualified Charitable Distributions

Qualified Charitable Distributions, Can They Save Me Money?

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•Blog, Colorado Tax Law, Denver Tax Attorneys, McGuire Law Firm

•Charitable Contributions, COVID 19 Tax Implications, IRS Tax Law, Required Minimum Distributions

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Table of Contents1 What are Qualified Charitable Distributions?1.1 Eligibility and Qualified Charitable Distributions1.2 Tax Benefits of the CARES Act2 Minimum Distributions Suspended2.1 New Tax Incentives3 Key Takeaways3.0.1 1. You can donate from an IRA without paying taxes. Contributions from an IRA are deductible from your federal taxes. This means that you don’t pay taxes on […]

When Identity Theft Impacts Your Taxes

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•Colorado Business Law, Denver Tax Attorneys

•Identity Theft Solutions

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Table of Contents1 What Is Identity Theft2 Can Identity Theft Affect Me?3 Reduce Your Exposure to Identity Theft4 Report Identity Theft Immediately 4.1 Need a Tax Attorney’s Assistance? What Is Identity Theft Identity theft happens when someone uses your personal information to commit fraudulent activity. This includes applying for credit cards, bank accounts, loans, or government […]

What You Need to Know About the CARES Act in Denver, CO

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•Denver Business Attorneys, Denver Tax Attorneys

•The Coronavirus Aid

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Table of Contents1 Introduction Of The CARES Act2 Who Is Eligible For The Coronavirus Disaster Program Loan?2.1 What Is The Maximum Loan Amount?2.2 How Can I Spend My Small Business Loan From The CARES Act?2.3 Will My Loan Be Forgiven Under Section 1105 Of The CARES Act?3 What Is Considered A Payroll Cost?4 How Do […]

Making Charitable Contributions? You Should Know About IRS Form 8283

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•McGuire Law Firm, Denver Business Attorneys, Denver Tax Attorneys, IRS Matters & Disputes

•Charitable Contributions, Denver Tax Attorney, Form 8283

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Table of Contents1 What Is Form 8283?2 The Two Parts of Form 82833 Charitable Contributions4 Donee Information5 Where to Find Form 82836 Form 8283 Requirements7 Takeaways What Is Form 8283? Form 8283 is a tax reporting form used to report donations to charities. If you donate property valued at $500 or more during the calendar […]

When Is A Stock Purchase Treated as Asset Purchase?

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•Denver Business Attorneys, Denver Small Business Attorney, Denver Tax Attorneys, McGuire Law Firm

•Asset Purchase, Denver Business Attorney, Denver Tax Attorney, Stock Purchase

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Table of Contents1 The Acquisition Process2 A Stock Purchase3 An Asset Purchase4 Section 338 Election The Acquisition Process When businesses acting as the seller or purchaser are going through the acquisition process, there is likely to be discussion as to whether the acquisition will be structured as an asset purchase or a stock purchase. There […]

FIRPTA Common Tax Issues

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•Denver Tax Attorneys, IRS Matters & Disputes, McGuire Law Firm

•FIRPTA, Foreign Tax Matters

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Table of Contents1 What is FIRPTA?2 Do I need to report it?3 Who qualifies as a foreigner?4 How much do I need to withhold?5 May I withhold less than 15%? Many people have questions relating to FIRPTA and the relating withholding tax requirements. Below are common questions and answers related to FIRPTA, but please remember […]

Taxation of Investors, Traders, & Dealers in Securities

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•Denver Business Attorneys, Denver Tax Attorneys, McGuire Law Firm

•Capital Asset, Denver Business Attorney, Denver Tax Attorney

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Table of Contents1 Defining Investors, Traders, Securities & Dealers1.1 What’s An “Investor”?1.2 Who’s A “Dealer”?1.3 1.4 Who’s a “Trader”?2 What’s A Security?2.1 Reporting The Sale of Securities3 The Mark-to-Market Election3.0.1 However, there are some restrictions on how this works: Defining Investors, Traders, Securities & Dealers Many individuals (and businesses) buy stock and securities with the […]

Is a Lawsuit Settlement Taxable?

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•Denver Tax Attorneys, IRS Matters & Disputes, McGuire Law Firm

•Denver Tax Attorney, Taxation of Settlement

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Table of Contents1 Lawsuit Settlements And Taxes1.1 IRC Section 61 & Regulation 1.104-12 Awards & Settlements Tax2.1 Factors To Consider When Settling Lawsuits3 Useful Settlement Tax Documents3.0.1 CC PMTA 2009-0353.0.2 Publication 43453.0.3 Rev. 85-973.0.4 Rev. 61-13.1 Need More Information? Lawsuit Settlements And Taxes Lawsuits are one of those things that people always want to avoid. […]

How and When Does the IRS Begin a Criminal Investigation?

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•Denver Tax Attorneys, IRS Matters & Disputes

•Criminal Tax Issues, IRS Criminal Investigation

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Table of Contents1 IRS Special Agents & Criminal Investigations1.1 IRS Auditors1.2 Taxpayers1.3 Public Records2 Analysis, Review, and Investigation3 Beginning The Criminal Investigation4 Prosecuting Tax Crimes5 Conviction Of Tax Crimes5.1 Need Help? IRS Special Agents & Criminal Investigations The Internal Revenue Service performs criminal investigations into individuals suspected of tax evasion, money laundering, drug trafficking, and […]