Partnership agreements or operating agreements may call for special allocations of items of income, gain, loss, deductions or credits to specific partners.  The video below has been prepared by a business attorney at The McGuire Law Firm to provide general information regarding special allocations.   Contact The McGuire Law Firm to speak with a business...Read More

IRS Form 2848 is a Power of Attorney that allows you to represented before the Internal Revenue Service.  The video below has been prepared by a tax attorney at The McGuire Law Firm to provide information regarding this form.   You can contact the McGuire Law Firm at 720-833-7705 or John@jmtaxlaw.com to schedule your free...Read More

Under Internal Revenue Code section 752(a) an increase in a partner’s share of partnership liabilities, or an increase in a partner’s individual liabilities by reason of the assumption by such partner of a partnership liability or liabilities, shall be considered as a contribution of money by such partner to the partnership.  Because the assumption of...Read More

Schedule D is filed with your 1040 Individual Income Tax Returns to report gains and losses on the sale of capital assets, as well as determine if the gain is a long term capital gain or loss, or a short term capital gain or loss.  A tax attorney at The McGuire Law Firm can assist...Read More

A Denver business attorney at The McGuire Law Firm can assist you with your business needs.  From business formation and contracts to tax analysis and the sale or transfer of your business, a business attorney at The McGuire Law Firm can assist you!  The video below has been prepared to provide general information regarding a...Read More

Tax exempt organizations and foundations have different tax return and schedule filing requirements than a “normal” business or entity.  Further, if a tax exempt entity fails to file a return the organization may jeopardize their tax exempt status.  990 series information returns and notices are due for organization on the 15th day of the fifth...Read More

IRS Form 433B OIC is the form a business would complete when compiling an offer in compromise in an attempt to settle their tax debt with the IRS.  John McGuire is a tax attorney at The McGuire Law Firm and has prepared the video below to provide some background and general information regarding Form 433B...Read More

An LL.M. is an advanced degree an individual may earn after they have obtained their law degree.  John McGuire is a tax attorney at The McGuire Law Firm and has prepared the video below to provide a little information regarding an LL.M. in taxation.  John McGuire received his LL.M. from the University of Denver.  ...Read More

Many individuals wish to gift property and money to their friends and family and have questions regarding these gifts and the tax matters & implications associated with gifting.  The article below has been drafted to provide general information regarding gifting and the tax implications.   Who will pay the gift tax?   Generally, the person...Read More

The McGuire Law Firm is a tax law firm in Denver, Colorado.  As a tax law firm, The McGuire Law Firm represents and advises clients regarding the following issues & circumstances: – Tax debts, tax audits and issues before the IRS; – Tax planning for individuals and businesses; – Analysis of the tax implications and...Read More