Trusts are popular among residents of Naperville and other parts of the greater Chicago area primarily because they can keep a person's estate out of probate and greatly simplify the process of passing along property to loved ones after the person dies.In most cases,...
Working The Puzzle From All The Angles
Month: April 2019
How can I be penalized following an IRS audit?
On Behalf of Demetrius J. Karos, Ltd. | Apr 12, 2019 | IRS
With April 15 coming up quickly, most residents of Naperville and the other Chicago suburbs are looking forward to filing their taxes, paying what they owe or collecting their refund and being done with income taxes for the year.However, some residents of Illinois and...
Ignoring tax debt could have dire financial consequences
On Behalf of Demetrius J. Karos, Ltd. | Apr 4, 2019 | IRS, Tax Controversy, Tax Law
The last thing anyone wants to see when doing their income taxes is that they owe money to the IRS. It can be tempting to just ignore the situation. After all, there is no debtor's prison in the United States. However, the IRS is not powerless when it comes to...