If you are like other Illinois residents, part of your New Year's resolutions was to create an estate plan. Doing so could put your mind and the minds of your family members at ease.As you begin formulating your estate plan, you may determine that the addition of a...
Overview of the United States Tax Court
When a person runs into a controversy over how much they owe in taxes to the United States, he or she, personally or in the name of a business, may take the matter before the United States Tax Court.This type of court is a little different than the more widely-known...
Reality star reports to prison for tax evasion
Michael Sorrentino, a reality star on MTV's hit show, Jersey Shore, has reported to a federal prison near his home to begin serving an eight-month sentence. He was convicted of federal tax evasion after pleading guilty to one count.According to reports, the star, who...
Lots of tax changes to ring in the new year
With the Tax Cuts and Jobs Act taking effect, 2019 is going to mean a lot of changes to the way people report, calculate, and pay their federal income taxes. Some of these changes will affect a broad range of people, while others may affect residents of the Chicago...
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