Table of Contents1 What is the FBAR?2 Who Must File an FBAR and Report Foreign Accounts?3 FBAR Compliance and Filing4 Penalties for Non-compliance5 Other Foreign Compliance Forms6 What If I Have Failed to File FBARs for One Or Multiple Years?7 Do I Pay Tax on Foreign Income from FBAR Accounts or Assets?8 What If I […]
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A Columbus tax attorney at The McGuire Law Firm can assist your corporation regarding corporate issues such as earnings & profits, and what this term means to their business. A tax attorney can help individual business owners regarding certain transactions of which the corporate earnings & profits will play a role. Below is an article related to
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One option to “resolve” an IRS tax debt is to have the debt placed in a “Currently Non-Collectible” status. As a Denver tax attorney, John McGuire has placed many IRS tax debts in a currently non-collectible status. The reason “resolve” is placed in parenthesis above will be better explained by the article below drafted by
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An installment agreement with the Internal Revenue Service is an agreement whereby a taxpayer agrees to pay a certain amount of money on or before a certain day of each month to satisfy their outstanding tax debt with the IRS. As a Denver tax attorney, John McGuire has established many installment agreements with the Internal Revenue
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Table of Contents1 Form 54711.1 Who has to file form 5471:1.2 The current form 5471 category filers are broken out into the following categories:1.3 What is Subpart F income and what is the point of computing tested income?1.4 Do you have to file form 5471 if the entity you own is inactive or loses money?1.5
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