John R. McGuire is a tax attorney in Denver, Colorado and the founder of The McGuire Law firm.  The McGuire Law Firm focuses primarily on tax law, IRS matters and business transactions for small to medium sized businesses.  As a tax attorney, Mr. McGuire assists clients with the following matters and issues:   –   ...Read More

As an employer you are required to withhold income tax and self employment taxes and remit these taxes to the Internal Revenue Service via federal tax deposits.  The frequency of the deposits is dictated by your tax liability.  Typically, a deposit will be required to be made with every payroll, every month on or before...Read More

To become an S Corporation (or to be taxed as an S Corporation) an election is made with the Internal Revenue Service.  In addition to such election, an S Corporation must meet certain requirements related to: it’s shareholders, types of shares and numbers of shares.  The video below has been prepared by a Denver business...Read More

What is an IRS tax problem?  You may have seen or heard commercials regarding IRS tax problems, but what would constitute such a problem?  As a tax attorney I have witnessed many tax problems and the article and video below outlines and discusses these situations. IRS Tax Audits An IRS tax audit would certainly be...Read More

A tax attorney at The McGuire Law Firm can assist you if you receive a Notice of Deficiency (sometimes called a CP 2000)from the Internal Revenue Service. The video below has been prepared to provide general information regarding an IRS Notice of Deficiency.  Please contact our law firm with any questions.Read More

The video below discusses the annual gift tax exclusion.  If you have questions regarding gifting or the tax implications of gifting, please feel free to contact The McGuire Law Firm.   IRS Frequently Asked Gift Tax Questions  Read More

Form 1120S is the corporate income tax return form for S Corporations, whereby a corporation will state items of income, expenses and thus net income.  Further, a shareholder’s K1 will be attached to the 1120S.   Contact The McGuire Law Firm to schedule a free consultation with a Denver Tax Attorney!Read More

Many individuals have rental properties and will ask questions regarding the tax implications of such rental income.  In the video below a Denver tax lawyer  discusses general issues regarding rental income, including Schedule E, which is generally where rental income would be claimed.   You can contact The McGuire Law Firm to speak with a...Read More

Receiving a Letter 1058 from the Internal Revenue Service may be quite scary.  Letter 1058 is a Final Notice of Intent to Levy by the IRS.  This means that if you take no action, you are in jeopardy of the IRS levying your bank accounts, garnishing wages or third party monies owed to you and...Read More

A collection due process hearing is a hearing afforded to taxpayers with certain issues before the IRS.  This hearing may help in resolving a tax matter such as a tax debt, and provides due process to the taxpayer.  The video below has prepared by a Denver tax attorney at The McGuire Law Firm to provide...Read More