Tax Law

You want to stay on top of your federal income taxes to avoid the possibility of triggering an audit. Some indications that you may want to get in touch with your tax attorney include if: Your business is growing, so your tax returns are becoming more complex Your...

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...

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...

When you received a notice that you were going to be audited, you were concerned. While you had filed your taxes in the past several years, you did them yourself. You know that there could be errors to worry about.  If an audit has you worried, it may be time to talk...

Finally filing your tax return can take a major weight off your shoulders. It can be very stressful to go over your annual income and try to minimize your tax liability. For most people, once they drop the envelope with their return in the mail or hit the e-file...

After your wedding, you and your spouse integrate your lives. Your house, your finances and most other aspects of your life will wind up intermingled and shared. Most of the time, this situation benefits both parties. You can rely on your spouse to provide income if...

In Illinois, intending to evade taxes is a Class 3 felony if you owe $300 or more. That’s important to know because the last thing you want to face is a felony charge for your taxes. Tax fraud and tax evasion are serious crimes to be accused of. The Internal Revenue...

The IRS is committed to helping you get your Economic Impact Payment as soon as possible. The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and...

For some, taxes are fairly straightforward. They have been working for a company, getting an hourly wage. They have just one source of income. They’re young and single, and their taxes get taken out of each paycheck before they get it. All they have to do is report...