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 […]
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 […]
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 […]
Table of Contents1 Employee Stock Rights1.1 Taxation of Corporate Stock Distributions2 2.1 5 Taxable Stock Distributions Situations3 Constructive Stock Distributions3.1 Need Professional Assistance?3.2 Employee Stock Rights Many corporations may provide corporate stock distributions or stock rights to employees. When a corporation distributes its stock, this would be referred to as a stock dividend, and when […]
Table of Contents1 When Must I Realize Gain?2 Asset Sale Realization Events3 4 Property Transaction and Value5 Contact Us When Must I Realize Gain? Generally, it is easy to understand when gain or loss has been realized, but sometimes it may be hard to ascertain. The article below has been prepared by a Denver tax […]
Table of Contents1 What Is Original Issue Discount? 2 Discounted Debt Instruments3 How an Original Issue Discount Works3.1 Original Issue Discount Example4 Exceptions to Reporting an Original Issue Discount4.1 Is 1099-Original Issue Discount issued? 5 Questions About an Original Issue Discount? Contact Us! What Is Original Issue Discount? An original issue discount (OIDs) is the discount in […]
Table of Contents1 Cost Basis Calculations1.0.1 To calculate the cost basis of your stock options, follow these steps:1.1 Example Of Calculating Cost Basis2 What is Cost Basis?2.1 Understanding Cost Basis3 Tracking Cost Basis4 Questions About Cost Basis? Contact The McGuire Law Firm Cost Basis Calculations The IRS requires you to report cost basis on certain […]
Table of Contents1 Limited Liability Companies Conflict With An S Corporation Operating Agreement2 Invalidating the S Corporation Election2.1 The qualify as an S corporation, the corporation must:3 One Class of Stock Requirement4 Not Sure Which Entity to Choose? Limited Liability Companies Conflict With An S Corporation Operating Agreement Abiding by the LLC operating agreement may […]
Table of Contents1 The Cohan Rule Basis1.1 Understanding the Cohan Rule1.2 Maintaining Tax Records2 3 Establishing The Cohan Rule3.1 Applying the Cohan Rule4 Common Cohan Rule Questions The Cohan Rule Basis Individuals or businesses audited by the Internal Revenue Service may be familiar with the Cohan rule. The Cohan rule is based upon a court […]
Table of Contents1 Small Business Tax Deductions1.1 Current Tax Deductions2 2.1 Capital Tax Deductions2.1.1 Examples of Capital Tax Deductions3 More Questions About Tax Deductions? Small Business Tax Deductions Business owners often wonder how many tax deductions they can write off against yearly income taxes. They can do this by taking either a current or a […]