When Is A Stock Purchase Treated as Asset Purchase?

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

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

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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•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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•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 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 […]

How Tax Debt Can Put Your Passport At Risk

Is Your Passport At Risk From Tax Debt?

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

•Denver Tax Attorney, IRS Attorney, IRS Matters

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Table of Contents1 Can the IRS Take Your Passport?1.1 Actions From The IRS2 What Is A Seriously Delinquent Tax Debt?2.1 Take Action2.1.1 A taxpayer in the following situations should not be at risk of impacting their passport rights.3 Settling Your Debt3.1 Prevent Future Passport Issues Can the IRS Take Your Passport? Congress passed legislation in […]

What is an Abusive or Illegal Tax Scheme

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

•Criminal Tax Issues, Denver Tax Attorney, Tax Scams

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Table of Contents1 What Is An Abusive Tax Scheme?2 Basic Trust Law3 Abusive Tax Avoidance Transaction (ATAT)4 Tax Schemes4.1 Common Tax Scheme Variations5 Abusive Tax Shelter What Is An Abusive Tax Scheme? You may have heard of a program or tax scheme that promises to eliminate or substantially lessen your tax burden and taxes due […]

Who Owns an LLC in Colorado and Do They Expire?

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•Colorado Partnerships, Denver Business Attorney, LLC

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Table of Contents1 What Is an LLC?2 Who Owns An LLC In Colorado?3 Colorado LLC Act4 Personal Liability5 Non-Economic Members In An LLC What Is an LLC? An LLC is a business organization called a “limited liability company.” It’s a separate legal person from its owners. This means you are not personally liable for the […]

FBAR Penalty Statutes of Limitations

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•FBAR, FBAR Penalties, FinCEN

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Table of Contents1 FBAR Statute of Limitations2 FBAR penalty assessment statute3 The “Limits” of the FBAR Statute of Limitations3.1 FBAR Statute Limitations Example 13.2 Failure To Maintain Required Records3.3 Statute Of Limitations To File Suit3.4 For More Information What is the FBAR statute of limitations for penalty assessments? What other FBAR statutes should I be […]

Forming A Limited Liability Company in Colorado?

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•Colorado Business Law

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Table of Contents1 Limited Liability Company And Colorado’s Requirements1.1 Starting an LLC in Colorado1.2 Forming An LLC 2 Colorado LLC or Colorado LLP?2.1 Other Partnerships3 Foreign State Recognition4 Need Further Assistance? Limited Liability Company And Colorado’s Requirements A limited liability company (LLC) is a popular choice of entity for many business owners in Colorado. Further, many […]