Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | Jan 4, 2019 | IRS
With the Tax Cuts and Jobs Act taking effect, 2019 is going to mean a lot of changes to the way people report, calculate, and pay their federal income taxes. Some of these changes will affect a broad range of people, while others may affect residents of the Chicago...
On Behalf of Demetrius J. Karos, Ltd. | Dec 7, 2018 | IRS
Previous posts on this blog have talked about how people accused of tax evasion and other serious malfeasance with respect to their tax obligations may face severe penalties, including the possibility of criminal charges being filed against them.However, Naperville,...
On Behalf of Demetrius J. Karos, Ltd. | Dec 4, 2018 | Estate Planning
Writing your will probably gave you a certain piece of mind. After all, you may have been hearing from different sources that having a will is essential for protecting your family and ensuring your estate gets to the right hands. Without a will, your loved ones may...
On Behalf of Demetrius J. Karos, Ltd. | Nov 22, 2018 | Tax Evasion
A businessman from a state on the other side of Lake Michigan from Chicago entered a plea of guilty to tax evasion in federal court. According to reports, the man faces up to 5 years in federal prison as well as a hefty fine, but it is not clear what, if any, deals he...
On Behalf of Demetrius J. Karos, Ltd. | Nov 9, 2018 | Tax Evasion
Most residents of the greater Chicago area probably recognize that owing back taxes to the Internal Revenue Service, or IRS, is a serious legal problem. The IRS has a number of powerful legal tools that it can use to collect tax revenues that are simply not available...
On Behalf of Demetrius J. Karos, Ltd. | Oct 26, 2018 | Estate Planning
As part of almost any estate plan, a resident of the greater Chicago area is going to want to give some guidance on how she want her health care to go. This is particularly important as the chances of a serious illness increase because the person may not be able to...
On Behalf of Demetrius J. Karos, Ltd. | Oct 12, 2018 | IRS
There are probably very few people in the greater Chicago area who really want to go through an IRS audit of their federal tax returns, even if it is simply a desk audit involving an exchange of correspondence.The process will involve time and resources, and it may...
On Behalf of Demetrius J. Karos, Ltd. | Oct 11, 2018 | IRS, Tax Law
It seems as though the months tend to go by faster each year. Before you know it, it's already October, and the holidays are just around the corner. Also just around the corner is the end of the year, which means that you may be running out of time to reduce your...
On Behalf of Demetrius J. Karos, Ltd. | Sep 28, 2018 | Tax Evasion
There is something very alluring about offshore banking that makes it a common theme in movies and novels. Usually, the person engaging in the behavior is, at least implicitly, doing something illegal by using the offshore account or, at best, is trying to cover his...
On Behalf of Demetrius J. Karos, Ltd. | Sep 14, 2018 | Tax Controversy
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...
