Many individuals have spent extensive time living in other states before relocating to Illinois. These new residents come here for various reasons, including going to college, starting a new chapter in their life or moving their business. It's not uncommon for the...
Working The Puzzle From All The Angles
Month: July 2021
What are your rights when undergoing a tax audit?
On Behalf of Demetrius J. Karos, Ltd. | Jul 14, 2021 | Tax Controversy
Tax audits occur less frequently than most people believe they do, and most of them are conducted by mail. However, some Naperville, Illinois residents may face an in-person tax audit at some point, and it is wise to prepare for this procedure. According to H&R...
What are some legitimate deductions you can take when you’re self-employed?
On Behalf of Demetrius J. Karos, Ltd. | Jul 2, 2021 | Tax Law
There are various benefits to being self-employed. You can call the shots, including setting your schedule and not having a cap on your wages. However, you don’t have an employer taking deductions from your paycheck. You have to keep track of your tax obligations...