According to some statistics, fewer than 1 out of 3 family-owned businesses actually make a successful transition in ownership from one generation to the next.The prospects of a family-owned business making it down to the fourth generation or further are quite slim,...
Working The Puzzle From All The Angles
Month: September 2019
Civil audit, fishy statements, lead to reality stars’ indictment
On Behalf of Demetrius J. Karos, Ltd. | Sep 13, 2019 | Tax Evasion
A couple made famous by their reality television show is now facing several years or even decades in federal prison on tax evasion charges. The couple's accountant also faces charges and has been accused of lying to IRS investigators.For their part, the couple claims...
Your budget is stretched thin and you can’t pay your taxes
On Behalf of Demetrius J. Karos, Ltd. | Sep 12, 2019 | IRS
Most people would agree that owing the IRS money is not a position you want to be in. If it does happen, odds are that you may not have the funds readily available to pay what you owe. If you are like other people across the country, including many here in Illinois,...