If you have ever worked with the Internal Revenue Service to resolve a tax debt or tax liability, you may have heard the term “current & compliant” in the context of taxation from an IRS revenue officer, your tax attorney or another tax professional. So what does it mean to be current and compliant and […]
What type of business should I be? Should I form a limited liability company (LLC) or a corporation? These are common questions business owners may ask their business attorney, and they are good questions. It is important for a business owner to understand their options when forming businesses and the implications. Choice of entity is […]
What forms do I need to complete and file with the Internal Revenue Service to submit an offer in compromise and settle my tax debt? This a common question a taxpayer may ask their tax attorney if they owe taxes to the IRS and are hoping to settle their tax debt. The answer in short […]
If your business owes 941 employment taxes and these taxes are not paid, it is likely an Internal Revenue Service revenue officer will be assigned and conduct the 4180 Interview. If you have been requested to take the 4180 Interview, this is a very serious tax matter, and as a tax attorney, I would highly […]
Many individuals have the knowledge, experience and/or plan to operate a successful business. However, a question commonly asked of a business attorney at The McGuire Law Firm is, “how do I start a corporation?” Many business owners know how to run and operate their business but they are unaware of how to legally start their […]
I can deduct my medical and dental expenses, right? This is common statement, or question asked of a tax attorney. The answer is, yes, you can but there are limitations. The article below has been drafted by a Denver tax lawyer at The McGuire Law Firm regarding the deduction of medical and dental expenses. Medical […]
If you are asking what is the Trust Fund Recovery Penalty, it is likely that you own a business and that your business owes 941 taxes to the Internal Revenue Service. If you find yourself in this situation, it is recommended that you contact a tax lawyer or tax professional. Owing 941 taxes to the […]
Small business owners may inquire as to their ability to convert a corporation to a limited liability company (LLC). A small business attorney at The McGuire Law Firm has drafted the article below to outline some basic issues concerning a corporate conversion. Prior to converting your corporation, it is recommended that you consult with a […]
With so many different types of tax returns, tax forms and tax schedules, many people get confused as to what each tax return or form is and if they are required to file such tax return. The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to outline common […]
If you owe taxes to the Internal Revenue Service, a Collection Due Process Hearing may be available to you and may be a valuable “tool” and option to resolve your IRS tax debt. The article below, drafted by a Denver tax lawyer at The McGuire Law Firm will discuss what a Collection Due Process Hearing […]