Estate planning attorneys are likely to receive the question, “what are testamentary assets?”  Many people are aware of the terms will, testamentary and probate.  Further, many people are aware that there are means by which to avoid probate, but they still do not fully understand what a testamentary asset is.  The article below has been...Read More

There are several business entities that are essentially disregarded as separate from their owners for the purposes of federal taxation.  When analyzing the formation of or conversion to such entities, it is necessary to deem the transaction to allow an end result.  When a disregarded entity is involved, the deemed transaction is a liquidation.  Typically,...Read More

Many people, including family, friends, clients and potential clients will ask, what is a tax lawyer?  A tax lawyer is not necessarily preparing tax returns all day.  Tax law is applicable in almost every area of law.  Ask yourself: what aspect of the law does not involve tax?  The sale of a business involves tax...Read More

What is a pass through entity?  This is a common question clients will ask their business attorney or tax attorney.  Business owners will have heard the term “pass through entity” but they may not fully understand what the term means and how it will apply to and affect them as an individual taxpayer.  The article...Read More

What is a business lawyer and how can a business lawyer help my business?  This may be a common question or thought of many business owners.  A business lawyer may assist a business and the owners of the business in many ways.  Some lawyers may specialize in very specific business transactions and others may work...Read More

As a tax attorney, I have seen many so called “tax problems.”  I have also resolved many tax problems for my clients.  The term tax  problem is pretty generic and in many respects not very specific.  Therefore, this article has been drafted to outline and better define some of the common tax problems I have...Read More

What is an IRS tax settlement?  How can I settle my IRS tax debt?  How much will I have to pay to settle my IRS tax debt?  These are common questions that taxpayers will ask a tax attorney.  The article below has been drafted by a tax attorney at The McGuire Law Firm, who has...Read More

Most people have heard the term probate, but a common question asked to an estate planning attorney is, what is probate?  The article below has been drafted by a Denver estate planning attorney in an attempt to provide a short definition of probate. The legal definition of probate would be something like: the legal process...Read More

What is a Schedule K-1?  This is a common question a business owner may ask their business attorney or tax attorney.  The article below has been drafted by a tax attorney in Denver to help explain a Schedule K-1 and the importance of a K-1 as it relates to tax matters. Schedule K-1 is an...Read More

What is a 1040?  This is a common question by individuals who have not yet been required to file an income tax return.  This article has been drafted by a Denver tax attorney to assist those who do not know or have little experience with Form 1040. Form 1040 is titled U.S. Individual Income Tax...Read More