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Jasmin E., Denver, CO

John has provided outstanding legal counsel and guidance in helping me

work through a number of IRS tax issues and implications. Over the past 5

years, John has provided sound advice, guidance and tangible business

options that helped my company dig through the paperwork, and language

which helped me to create a viable and reasonable path towards resolution.

He was also instrumental during a tax audit laying out a tested blueprint for

the approach and never failed to accompany me during the audit meetings.

John is trustworthy, dependable and knowledgeable about all tax matters, but

adds value in his ability to understand and appreciate the small business

owner and the challenges we face in running a business. Through our entire

business relationship, John has been responsive and detail oriented, allowing

me to stay focused on my business and not getting distracted with legal

details.

 

“Thank you for your professional services!

Denver Tax Lawyer Free Consultation

The McGuire Law Firm provides a free consultation with a Denver tax lawyer.  The firm feels this free consultation is important for a client to be comfortable with their tax lawyer, and it assists the tax lawyer in understanding the client’s issues, questions, matters and expectations prior to entering into the lawyer – client relationship.

If you have any tax related question or issue, from a business tax question to an IRS audit or debt, contact The McGuire Law Firm to speak with a Denver tax lawyer regarding your matters.  The video below has been prepared so you can meet John McGuire, a tax lawyer at The McGuire Law Firm and learn more about the free consultation offered by the firm.

Contact The McGuire Law Firm to speak with a tax lawyer in Denver, Colorado or Golden, Colorado.

Denver IRS Tax Lawyer

What is an IRS tax lawyer?  I have the term IRS tax lawyer and thought I would draft an article and prepare a video to provide what I feel could constitute an IRS tax lawyer.

First, an IRS tax lawyer could be a lawyer that works for the Internal Revenue Service.  This lawyer would likely represent the government in cases before the United States Tax Court.  These cases would likely involve tax controversies and issues regarding the additional assessment of tax to individuals and businesses.  The specific reasons for the additional assessments of tax could be because not all income was claimed, the IRS is disallowing certain expenses or credits and/or the IRS is disagreeing with how (or where) a specific item was claimed on the individuals or businesses tax return.

On the flip side, an IRS tax lawyer could be a lawyer that represents taxpayers before the Internal Revenue Service in the certain situations that are described above.  John McGuire is a tax lawyer in Denver at The McGuire Law Firm and represents clients before the IRS in matters relating to IRS tax debts, IRS tax audits and other IRS tax disputes. Please feel free to contact John to speak with him regarding any of your tax questions or issues.  In addition to his law degree, John has an advanced degree in taxation known as an LL.M. and enjoys applying his tax knowledge to his client’s issues before the Internal Revenue Service and business related matters.  A free consultation is offered to all potential clients.

Contact The McGuire Law Firm to schedule a free consultation with a Denver tax lawyer!  The McGuire Law Firm has offices in Denver and Golden Colorado for your convenience.

Denver Tax Lawyer John R McGuire

John McGuire is a tax lawyer at The McGuire Law Firm.  As a tax lawyer, John assists clients with many tax issues, matters and questions.  Below is a list of some of the tax issues that John assist client with.

– Individual & Business Tax Planning

– IRS Tax Debts, IRS Tax Audits and other IRS Problems

– Analyzing the tax implications of business transactions such as the sale of business assets, stock, business interests and other business acquisition matters

– The application of the tax law to the gifting of property whether at life or death

– Preparation of Tax Returns

Please view the video below to meet John and hear more about the services John provides as a tax lawyer.

You can contact The McGuire Law Firm at anytime to schedule a free consultation with a tax lawyer in Denver or Golden, Colorado.

Video on Form 433A by Denver Tax Lawyer

A tax lawyer at The McGuire Law Firm can assist you with your tax questions and issues.  From IRS problems to individual & business tax planning, a tax lawyer can help you.  The video below discusses IRS Form 433A, which is a collection information statement for individuals.  If the IRS has requested you complete this form, it is recommend you speak with a tax attorney or tax professional.

 

Contact The McGuire Law Firm to schedule your free consultation with a Denver tax lawyer to discuss your tax questions & issues.  Offices in Denver and Golden Colorado.

Offer in Compromise Video by Denver Tax Lawyer

A Denver tax lawyer at The McGuire Law Firm can assist you in preparing and submitting an offer in compromise to the IRS.  An offer in compromise is a tax settlement with the Internal Revenue Service whereby a taxpayer submits a proposal to pay less than the full amount of tax owed.  The video below has been prepared by a tax lawyer to provide general information regarding an offer in compromise.

Schedule your free consultation with a tax lawyer by contacting The McGuire Law Firm!  A Denver tax lawyer at The McGuire Law Firm can discuss your options regarding an offer in compromise as well as other tax matters.

Trust Fund Recovery Penalty by Denver Tax Attorney

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 Denver Tax LawyerRevenue 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 Internal Revenue Service is very serious and can impact you individually as well as your business.  The article below has been drafted by a Denver tax lawyer at The McGuire Law Firm to discuss the Trust Fund Recovery Penalty.  Please feel free to contact our law firm to speak with a tax attorney if you have any tax questions or issues.

The Trust Fund Recovery Penalty is the term used when the Internal Revenue Service personally assesses an individual the trust fund portion of a 941 tax debt.  The trust fund is the amount of taxes that an employer has withheld from an employee for the social security & Medicare taxes and federal withholding tax.  Thus, if looking at a 941 employment tax return, if you took 50% of the social security & Medicare taxes and added this amount to the federal income tax withheld, such amount would be the trust fund portion for that 941 tax period.

When not paid, the trust fund can be personally assessed to the individual business owners who the IRS deems as willful and responsible parties.  Thus, the trust fund can be personally assessed to one or multiple individuals and the debt is considered joint and several liability.  As a joint and several liability, the IRS can collect the entire debt from one individual.  Further, the IRS will collect the trust fund debt from individuals even while the business that accrued the debt is also making payments or under an agreement.  The IRS always wants to collect the trust fund portion as quickly as possible and will aggressively collect 941 debts from a business and the trust fund portion from the responsible individual parties.

The IRS has three years from the following April 15th once a 941 liability is assessed to personally assess an individual.  For example, if your business accrued a 941 tax debt in July of 2013, the IRS would have until April 15, 2017 to propose the personal assessment of the trust fund recovery penalty.  The IRS will propose the assessment of the trust fund after conducting the 4180 Interview, and you have 60 days to protest the assessment from the date of the proposed assessment.  Once assessed, the collection statue is 10 years and the trust fund recovery penalty cannot be discharged in bankruptcy.  The IRS will begin the collection process against you personally by issuing notices to your personal residence.  The IRS can also file a notice of federal tax lien against you personally, which is likely to impact your credit and ability to obtain lending.  Further, if you do not establish an agreement to resolve the IRS debt, the IRS can enforce collection of the tax via a bank levy, wage garnishment or even by seizing personal assets.

You can speak with a Denver tax attorney at The McGuire Law Firm if you are having 941 tax debt problems or other issues.  A tax attorney can represent you before the IRS, help prevent enforcement action and assist to resolve the tax debt through a formal agreement.

Contact The McGuire Law Firm to schedule a free consultation with a Denver tax attorney.

CDP Hearing Discussed by Denver Tax Attorney

If you owe taxes to the Internal Revenue Service, a Collection Due Process Hearing may be available to you and may be a valuable Denver Tax Lawyer“tool” and option to resolve your IRS tax debt.  The article below, drafted by a Denver tax lawyer at The McGuire Law Firm will discuss what a Collection Due Process Hearing is, when they are available and how such hearing may be used to resolve your tax debt or tax problem with the IRS.

A Collection Due Process Hearing (CDP Hearing) provides the taxpayer due process prior to the Internal Revenue Service collecting on a tax debt through enforcement action such as an IRS bank levy, wage garnishment or seizure of assets.  Thus, the hearing is available to the taxpayer before the Internal Revenue Service takes enforcement action to actively collect the tax debt.  The Collection Due Process Hearing is available when the taxpayer has been issued Letter 1058 (a Final Notice of Intent to Levy), a Notice of Federal Tax Lien or under certain circumstances when the taxpayer has been already experienced collection action.  Generally, a taxpayer would request a CDP Hearing upon request of a Final Notice of Intent to Levy from the IRS.  A taxpayer has 30 days from the date the final notice is issued to request the CDP Hearing.  The CDP Hearing is requested by filing Form 12153 with the IRS service center that issued the final notice.  Form 12153 states the taxpayer’s information (name, address, social security number etc), type of tax and periods for which the final notice was issued, why the request is being filed and the collection alternative (installment agreement, offer in compromise, etc.) the taxpayer is proposing.

After submitting the CDP Request, the taxpayer will be contacted by the IRS stating that the request has been received and the taxpayer will be contacted in the future.  Eventually, a hearing date with an appeals officer is established.  Generally, it will take 2-8 months to establish the hearing date.  When the hearing date is established, the appeals officer will also request certain documents to hold the hearing.  For example, if a taxpayer submitted a Collection Due Process Hearing Request requesting an offer in compromise as the collection alternative, the appeals officer will need the appropriate financial statements, offer in compromise forms and financial documents.  If proper documentation is not provided to the appeals officer, the appeals officer will not be able to make a determination regarding a resolution proposal. Thus, it is likely the appeals officer will sustain the IRS proposed action or hold that enforcement action is necessary to resolve the tax debt because a collection alternative could not be agreed upon.

There is a hold on enforcement action once the hearing request is filed and leading up to the hearing, which will prevent the IRS from issuing bank levies and wage garnishments.  It should be noted that the IRS has provided guidance stating the automatic hold will not apply to businesses owing 94 taxes if the business is not in compliance when making the request and leading up to the hearing date.  If an agreement is reached with the appeals officer, a determination will be issued outlining the terms of the agreement.  If an offer in compromise is submitted through the hearing, the offer is likely to be submitted to the IRS offer in compromise unit.  If an agreement is not reached, the appeals officer will issue a determination stating the fact and the taxpayer may be open to enforcement action 30 days after the determination notice has been issued.

Requesting and holding a CDP Hearing can be effective mean by which to resolve an IRS tax debt or other matter.  A Denver tax attorney at The McGuire Law Firm can assist you with your tax matters, and represent you before the IRS.

Contact The McGuire Law Firm to discuss your tax questions and issues with a Denver tax attorney.  A free consultation is given to all potential clients.