Many individuals and even businesses become victims of tax scams.  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to identify what some of these scams are. Identity theft has been an increasing crime and has impacted individual’s from a tax perspective.  An individual may steal your identity...Read More

Contact The McGuire Law Firm to schedule your free consultation with a Denver tax attorney.  A tax attorney can assist you with IRS issues such as tax debts, tax audits and other problems as well as individual & business tax planning and the tax implications of specific issues and transactions.     Offices in Denver...Read More

Will I itemize my deductions or will I take the standard deduction?  This is a common question an individual may ask their tax attorney or their CPA when preparing and filing their 1040 individual income tax return.  The article below, drafted by a Denver tax attorney at The McGuire Law Firm discusses how to make...Read More

What are capital gains?  What are capital losses?  These are common questions people may ask their tax attorney.  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to state some facts regarding capital gains and capital losses. The sale of a capital assets results in a capital gain...Read More

Many individuals will receive unemployment benefits if they lose their job or are laid off.  Individuals receiving unemployment benefits will often  ask a tax attorney if their unemployment benefits are taxable.  Although, the benefit payments are helpful during unemployment these payments are taxable.  The article below has been drafted by a Denver tax attorney at...Read More

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

Partnerships are a very popular choice of entity for many small businesses.  There are multiple types of partnerships including a limited liability company (LLC), general partnership, limited partnership, limited liability limited partnership (LLLP) and others.  The article below has been drafted by a Denver small business attorney at The McGuire Law Firm to discuss a...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