Compensation Planning: Types of Qualified Retirement Plans  Compensation planning can be very important for business owners both individually and as a means by which to maintain the services of employees.  As a Denver business attorney and tax attorney, John McGuire works with businesses to create and implement compensation plans.  A Denver tax attorney can also...Read More

The Varying Interest Rule and I.R.C. § 706              If you are considering transferring a partnership interest or admitting a new partner to a partnership, considerations need to be made regarding the allocation of each partner’s distributive share.  A Denver tax attorney and Denver business attorney can assist you and your partnership in understanding the...Read More

Stock v. Debt: Classification Issues Classification issues commonly exist regarding debt versus stock treatment.  John McGuire, as a Denver business attorney and tax attorney assists individual investors and businesses regarding this issues.  Hopefully, the article below provides useful information. Substance over form is used in determining whether an instrument received by an investor in exchange...Read More

Formation of the Partnership: Contribution of Property & Basis  At The McGuire Law Firm a Denver tax attorney and Denver business attorney can assist clients with the formation of their partnership and the tax consequences based upon the property contributed by the partners.  The article below has been drafted by a tax attorney may be...Read More

Simplified Employee Pension (SEP) Certain individual retirement accounts or individual retirement annuities may qualify as a simplified employee pension (SEP).  Under a SEP each employee’s contributed funds are placed in an individual retirement account (IRA) that the employee controls as an investment and the distributions.  Our tax attorneys in Denver have helped many individuals understand...Read More

Corporate Earnings & Profits  A Denver tax attorney at The McGuire Law Firm can assist your corporation regarding corporate issues such as earnings & profits, and what this term means to their business.  A tax attorney can help individual business owners regarding certain transactions of which the corporate earnings & profits will play a role....Read More

IRS Action During the Government Shutdown  As we all know, the U.S. federal government “shutdown” on October 1, 2013 due to the house and senate’s inability to pass a short term spending bill that would continue to keep the government funded.  As a Denver tax lawyer, John McGuire has been paying close attention to the...Read More

C Corporation Considerations When Selling Your Business  As a Denver business attorney and tax attorney, John McGuire at The McGuire Law Firm is commonly asked, “how should I sell my business, and what are the tax implications?”  This question brings about many issues; way too many to be discussed in a short article, but the...Read More

Special Tax Allocations  The special tax provisions included in the majority of partnership agreements such as limited partnership and limited liability company (LLC) operating agreements, exist to satisfy requirements regarding the regulation of partnerships as established within the Internal Revenue Code.  These special allocation provisions can alter the bargained for agreement and understanding of the...Read More

Gift Tax Analysis on Transfers of Property                Maybe you are considering gifting property or money to a child or other family member, or maybe you have already gifted property and are wondering about the gift tax consequences.  If you have not transferred the property and made the gift,...Read More