Whether you run a business or have complicated investments, it’s normal to worry about the possibility of a tax audit -- and the potential consequences. Tax laws have grown increasingly complex over the years, so the chances that you’ve made a mistake somewhere have...
Working The Puzzle From All The Angles
Month: September 2020
Will your Illinois estate be subject to taxation after you die?
On Behalf of Demetrius J. Karos, Ltd. | Sep 14, 2020 | Tax Law
Some people refer to estate taxes as death taxes. While it is true that these taxes occur after someone dies, what the government taxes isn't the act of dying so much as it is the transfer of assets that someone leaves behind to their loved ones. Once your total...