Many clients will ask their tax attorney and business attorney, what is a Schedule SE and why do I need to file a Schedule SE? The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to provide background on, and explain a Schedule SE. Schedule SE is used to […]
Previous articles have been drafted regarding the impact of a deficit restoration obligation on recourse debt and loss allocation and the impact of a deficit restoration obligation on equity allocations. As a Denver small business attorney, John McGuire would like to discuss one more issue regarding a deficit restoration obligation and a Limited Liability Company, […]
Many small business owners ask their tax attorneys and business attorneys what type of tax return they need to have prepared and filed with the Internal Revenue Service. The article below has been drafted by a Denver small business attorney regarding common tax returns and forms filed by small businesses. If you are a sole […]
In a previous article by The McGuire Law Firm, a Denver small business attorney discussed the equity generated rules relating to deficit restoration obligations. In addition to these equity rules, there are more complex issues and considerations to make regarding a deficit restoration obligation’s impact in respect to a limited liability company debt that is […]
In general, as a Denver small business attorney, I would recommend that most small businesses consider a pass through entity for their business ventures. If a business is operating as a C Corporation, the business may be able to make the S Corporation election. However, a business entity may not qualify as a “small business” […]
As tax attorneys we are often asked, where does all of this tax law come from? How can there be so much tax law and what weight is given to certain treasury regulations? When looking at the tax law, you have the tax code known as the Internal Revenue Code, the treasury regulations and case […]
The Internal Revenue Service has many forms and schedules, so many that it can become confusing as to which form is needed for certain situations. The article below drafted by a Denver tax lawyer discusses a few common Internal Revenue Service forms that would be used in resolving an IRS tax debt. Form 433A: Form […]
Just as you had to market your business to make the business successful and grow, you must also market your business properly to sell your business. Although, many of our clients have succeeded in marketing their business product or business service, when it comes time to sell their business, they do not know how to […]
What is due diligence? Business attorneys are commonly asked this question when business owners are considering selling their business or individuals are looking at buying a business or merging with a business. Due diligence is a process and very important process! Due diligence can be considered a legal, business and financial investigation of the company. […]
A new year is upon us, which means federal income tax returns will be due soon. Each year as we are preparing tax return, reviewing tax returns or conducting tax planning, clients as our tax lawyers, what is a Schedule D? This is a very important question, especially if you own stocks and/or other capital […]