There is something very alluring about offshore banking that makes it a common theme in movies and novels. Usually, the person engaging in the behavior is, at least implicitly, doing something illegal by using the offshore account or, at best, is trying to cover his...
Working The Puzzle From All The Angles
Month: September 2018
When am I obligated to file a 1099 for payments I make?
On Behalf of Demetrius J. Karos, Ltd. | Sep 14, 2018 | Tax Controversy
Previous posts on this blog have talked about how businesses of all sizes in Illinois have an obligation to withhold federal and state payroll taxes from employees. They do not have to do so with respect to independent contractors who work for their business on...