If there is one thing that strikes fear in the hearts of most Illinois residents, it is receiving notification that you are being audited for your federal income tax returns. Most audits arise from certain red flags, although theoretically, anyone can be the subject...
Working The Puzzle From All The Angles
Month: March 2021
Where should you look to see if an Illinois testator has hidden assets?
On Behalf of Demetrius J. Karos, Ltd. | Mar 9, 2021 | Estate Planning
You're likely aware that you have multiple responsibilities as an Illinois executor. One of those is to inventory all of a testator's assets. Another is to file their final tax return. While some executors are fortunate enough to have testators provide advanced...