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7 Apr 2021, 6:56 am
Update Your Tax Filing Status When you file your taxes each year, you will need to note your filing status, which influences the deductions you can claim and the income tax you may owe. [read post]
1 Apr 2021, 6:59 am
Table of Contents Key Findings Introduction Conformity Overview Net Operating Loss (NOL) Deduction Under § 172 Business Interest Expense Limitation Under § 163(j) Paycheck Protection Program Income Exclusion and Expense Deduction Unemployment Compensation Tax Exclusion Conclusion Key Findings The Coronavirus Aid, Relief, and Economic Security (CARES) Act made temporary structural changes to the federal tax code to enhance business liquidity, including more generous treatment of net… [read post]
30 Mar 2021, 6:51 am
Table of Contents Executive Summary Introduction Overview of Current Proposals — Governor Justice’s Proposal — House Republican Proposal — Senate Republican Proposal Income Tax Reductions — Economic Overview — Impact on Pass-Through Businesses — Impact on Migration and Remote Work — The Role of Reciprocal Agreements Sales Tax Changes — The Sales Tax Consensus — Rate Increase — Taxation of Professional Services Luxury Tax Excise and… [read post]
26 Mar 2021, 12:30 pm
Released from prison in 1986, man waits all of 30 minutes before robbing an Illinois bank. [read post]
25 Mar 2021, 10:19 am
Simply having a judge declare that money or other assets are owed to you or whoever you represent might not be enough to repossess or recover the assets from the debtor. [read post]
25 Mar 2021, 8:23 am
Debt Still Owed on a Vehicle When allocating vehicles in a divorce, many people can forget that some vehicles may still carry debt with them. [read post]
11 Mar 2021, 6:51 am
How Do I Get Information About an Illinois Bankruptcy Case? [read post]
4 Mar 2021, 9:01 pm
In the past few weeks, the Supreme Court has been cleaning up some of the untidiness left after the November 2020 presidential election. [read post]
3 Mar 2021, 7:29 am
From offices near Wilmette and Elgin, we serve clients throughout Illinois and the Midwest. [read post]
26 Feb 2021, 3:00 am
Bloomberg representatives have assured some aides the additional taxes they now owe the government were taken care of by the campaign. [read post]
22 Feb 2021, 6:44 am
We owe it to them to ensure that their testamentary intentions are strictly honored regarding the disposition of their Florida property. [read post]
22 Feb 2021, 2:00 am
The court found that, under either theory of recovery, the principal amount owed was $98,550.65. [read post]
17 Feb 2021, 2:16 pm
All told, approximately $78 billion might be owed in federal and state income taxes on the unemployment compensation payments made since the pandemic began. [read post]
17 Feb 2021, 6:22 am
Although not mentioned in the suit, a 20-year old college student from Illinois committed suicide last summer because he mistakenly thought he owed over $700,000 based on options trades he had made using the Robinhood platform. [read post]
14 Feb 2021, 11:11 pm
Ameritech class action suit listed by Crain’s Chicago Busines as the second-largest settlement in Illinois for the year. [read post]
9 Feb 2021, 6:00 am
Total Taxes and Adjusted Retail Sales Taxes, per Capita and as a Percentage of Personal Income (FY 2020) State Total State Tax Revenue (in thousands) Adjusted Sales Tax Revenue (in thousands) Per Capita Retail Sales Tax Revenue Per Capita Sales Tax Revenue per Percentage of Rate Sales Tax Revenue as a Percentage of Personal Income Alabama $11,709,000 $3,448,943 $703.41 $175.85 1.59% Arizona $16,808,000 $7,203,137 $989.62 $176.72 2.15% Arkansas $10,273,000 $3,633,000 $1,203.86 $185.21 2.70%… [read post]
8 Feb 2021, 3:00 am
All medical providers in emergency rooms owe a duty of care to the patients they serve. [read post]
8 Feb 2021, 3:00 am
All medical providers in emergency rooms owe a duty of care to the patients they serve. [read post]
8 Feb 2021, 3:00 am
All medical providers in emergency rooms owe a duty of care to the patients they serve. [read post]
7 Feb 2021, 6:46 am
Code § 6013(d)(2) If the parties elect to file separately, the tax refund owed to each party is still at issue in an Illinois divorce. [read post]
