Tax Controversy

Running your own business is hard. It seems like there’s always a ton of rules to wade through when it comes to every aspect of your business, including when it comes down to hiring employees and independent contractors. Misclassifying an employee as an independent...

A person who owes considerable money to the Internal Revenue Service knows how stressful the situation can be, especially if you don’t have the means to pay what the agency says you owe. For some people, being able to enter into an offer in compromise can help to take...

Especially when one is self-employed in a business, getting a notice of a proposed adjustment to taxes can mean a lot more than just having to come up with some extra money to pay the IRS, or the state taxing authorities, for back taxes. Indeed, sometimes these...

A common source of payroll tax disputes is when the IRS disagrees with an employer's decision to classify a worker as an independent contractor as opposed to an employee. In some situations, it may be fairly clear that a worker is an independent contractor, such as in...

Many family members in Naperville and other parts of the Chicago community help their loved ones out by loaning them money. In many cases, these loans are either officially or unofficially forgivable.To give a practical example, few Illinois parents would honestly...

Many Illinois not-for-profit corporations, both in the Chicago area and in other parts of the state, may wish to try to take advantage of a special tax-exempt status awarded by the Internal Revenue Service, or IRS.Not only does this status give oftentimes critical tax...

When a person runs into a controversy over how much they owe in taxes to the United States, he or she, personally or in the name of a business, may take the matter before the United States Tax Court.This type of court is a little different than the more widely-known...

Previous posts on this blog have talked about how businesses of all sizes in Illinois have an obligation to withhold federal and state payroll taxes from employees. They do not have to do so with respect to independent contractors who work for their business on...

The distinction between and employee and an independent contractor is an important one for business owners to keep in mind, as it has all sorts of legal implications that cover a number of issues, including workers' compensation, employee benefits and the like.This...