Does bartering create taxable income? Bartering is taxable?  These are common questions and expressions regarding bartering that may be asked of a tax attorney.  Bartering is basically when services are traded.  For example, maybe you own a landscaping business and your neighbor is a mechanic and owns and auto mechanic shop.  You may be having...Read More

Each individual with taxable income must file an individual income tax return.  With all of the forms and schedules it is likely that many people’s tax returns will differ.  One common issue or thread when taxpayer’s prepare their tax return is the issue of dependents and exemptions.  The article below has been drafted by a...Read More

You have worked hard your whole life and paid into social security.  Now, you are receiving social security benefits.  Are my social security benefits taxable?  This is a common question clients may ask their tax attorney.  The answer is, it depends.  It depends upon other sources of income you may or may not have as...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More