What is a Schedule K-1? This is a common question a business owner may ask their business attorney or tax attorney. The article below has been drafted by a tax attorney in Denver to help explain a Schedule K-1 and the importance of a K-1 as it relates to tax matters. Schedule K-1 is an […]
What is a 1040? This is a common question by individuals who have not yet been required to file an income tax return. This article has been drafted by a Denver tax attorney to assist those who do not know or have little experience with Form 1040. Form 1040 is titled U.S. Individual Income Tax […]
The McGuire Law Firm attempts to not only remain abreast of current tax law, but also remind our clients, family and friends of current tax deadlines. A tax attorney has drafted the article below, which outlines specific deadlines for 2014 tax issues. If you have any questions regarding your requirements please contact our office. – […]
There are many entity formats to choose from but two of the most common entities witnessed by business attorneys are a limited liability company and an S Corporation. These two entities can be treated quite similarly and quite differently depending upon the overall circumstances. The outline below has been drafted by a Denver business attorney […]
What is Form 433A OIC? This was a recent question one of our clients asked a tax attorney at The McGuire Law Firm. The article below has been drafted in an attempt to explain what is requested on Form 433A OIC and how this form is used by the Internal Revenue Service. Form 433A OIC […]
Tax attorneys can represent individuals and business taxpayers before the Internal Revenue Service. What allows tax attorneys to act on behalf of and represent these taxpayers? The answer is, a Power of Attorney, and for tax purposes before the Internal Revenue Service, specifically, Form 2848. Form 2848 is titled Power of Attorney and Declaration of […]
What is Form 941? This is a common question many small business owners will ask tax attorneys. Form 941, is a federal tax form titled, Employers Quarterly Federal Tax Return. This form is filed quarterly by an employer to report wages paid and wages withheld. – 1st Quarter covers January through March and is […]
Many small businesses may have been formed and operated as a C Corporation. Thereafter, for taxation reasons or other purposes the shareholders, officers and/or directors may deem it more appropriate for the business to operate as another entity such as an S Corporation. Under such circumstances, our small business attorneys are asked what tax carryovers […]
A partnership is a very common entity format for a small business. Small business owners can form a partnership as a general partnership, limited partnership, limited liability limited partnership (LLLP) and a limited liability company (LLC) is a partnership as well. The treatment of partnership liabilities can have large impact to the taxation of the […]
Previously a Denver small business attorney from The McGuire Law Firm has drafted articles and discussed corporate articles of incorporation that are filed with the Colorado Secretary of State. Now a business attorney now wishes to discuss another corporate document, the corporate bylaws. The article below has been drafted by a Denver small business attorney […]