TAX REPRESENTATION FROM A FORMER IRS EMPLOYEE
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The crime of tax evasion comes with some stiff penalties upon conviction. Some people may intend to engage in tax evasion to pay as little in taxes as possible. However, others in Frankfort, Illinois, might not realize tax evasion is occurring. If you fail to learn as...
Divorce will change many aspects of your life, including your financial situation. Some of the decisions you make in your divorce will even impact how much you pay in taxes each year. You and your ex will have to create a comprehensive parenting plan when you divorce...
It's not uncommon for people to move for a job, for a change of scenery after a divorce or to launch a business in a prime market. If you recently relocated from one of the nine states that don't impose a state income tax, then you might not realize that you must pay...
Nobody in Illinois (or anywhere else in America) looks forward to writing their estate plan. Most people flinch at the mere mention of anything connected with end-of-life issues. That’s quite understandable. People all dislike contemplating their own demise. Still,...
Payroll services are multifaceted, meaning that they can perform numerous tasks based on the needs of the business. Therefore, it is important to identify how utilizing payroll services could benefit your business. Payroll services can save you money At times,...
After losing a loved one, you may stand to inherit property from their estate. If you do, remember that you may end up facing taxes if you sell that property. Those taxes are called capital gains taxes, and they can be complex. Capital gains taxes are paid on the...
When you file your tax return, both you and the professional you hire to prepare the return have to sign the document certifying that it is correct to the best of your knowledge. However, mistakes do happen. Whether you filled out your tax paperwork on your own or...
Many individuals have spent extensive time living in other states before relocating to Illinois. These new residents come here for various reasons, including going to college, starting a new chapter in their life or moving their business. It's not uncommon for the...
Tax audits occur less frequently than most people believe they do, and most of them are conducted by mail. However, some Frankfort, Illinois residents may face an in-person tax audit at some point, and it is wise to prepare for this procedure. According to H&R...
There are various benefits to being self-employed. You can call the shots, including setting your schedule and not having a cap on your wages. However, you don’t have an employer taking deductions from your paycheck. You have to keep track of your tax obligations...
