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

The McGuire Law Firm  attempts to not only remain abreast of current tax law, but also remind our  clients, family and friends of current tax deadlines.  A tax attorney has drafted the article below, which outlines specific deadlines for 2014 tax issues.  If you have any questions regarding your requirements please contact our office. –         ...Read More

There are many entity formats to choose from but two of the most common entities witnessed by business attorneys are a limited liability company and an S Corporation.  These two entities can be treated quite similarly and quite differently depending upon the overall circumstances.  The outline below has been drafted by a Denver business attorney...Read More

What is Form 433A OIC?  This was a recent question one of our clients asked a tax attorney at The McGuire Law Firm.  The article below has been drafted in an attempt to explain what is requested on Form 433A OIC and how this form is used by the Internal Revenue Service. Form 433A OIC...Read More

Tax attorneys can represent individuals and business taxpayers before the Internal Revenue Service.  What allows tax attorneys to act on behalf of and represent these taxpayers?  The answer is, a Power of Attorney, and for tax purposes before the Internal Revenue Service, specifically, Form 2848. Form 2848 is titled Power of Attorney and Declaration of...Read More

What is Form 941?  This is a common question many small business owners will ask tax attorneys.  Form 941, is a federal tax form titled, Employers Quarterly Federal Tax Return.  This form is filed quarterly by an employer to report wages paid and wages withheld.   –          1st Quarter covers January through March and is...Read More

Many small businesses may have been formed and operated as a C Corporation.  Thereafter, for taxation reasons or other purposes the shareholders, officers and/or directors may deem it more appropriate for the business to operate as another entity such as an S Corporation.  Under such circumstances, our small business attorneys are asked what tax carryovers...Read More

Many clients will ask their tax attorney and business attorney, what is a Schedule SE and why do I need to file a Schedule SE?  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to provide background on, and explain a Schedule SE. Schedule SE is used to...Read More

In a previous article by The McGuire Law Firm, a Denver small business attorney discussed the equity generated rules relating to deficit restoration obligations.  In addition to these equity rules, there are more complex issues and considerations to make regarding a deficit restoration obligation’s impact in respect to a limited liability company debt that is...Read More

As tax attorneys we are often asked, where does all of this tax law come from?  How can there be so much tax law and what weight is given to certain treasury regulations? When looking at the tax law, you have the tax code known as the Internal Revenue Code, the treasury regulations and case...Read More