Working The Puzzle From All The Angles
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...
On Behalf of Demetrius J. Karos, Ltd. | Aug 30, 2018 | IRS
A previous post on this blog talked about how likely it is for a resident of the greater Chicago area to face an IRS tax audit. The likelihood of an IRS audit depends heavily on how much money a person makes, and it can also depend on a number of other factors that...
On Behalf of Demetrius J. Karos, Ltd. | Aug 17, 2018 | IRS
As this blog has reported on previous occasions, several people and businesses in the greater Chicago area are going to face a tax audit from the IRS in the upcoming weeks and months, assuming they have not done so already. It may leave an Illinois resident wondering...
On Behalf of Demetrius J. Karos, Ltd. | Aug 17, 2018 | IRS, Tax Law
Owning a business can be a satisfying experience. You may have had many goals throughout your life all leading up to the owning and operating of your company that you recently started. While you may have considered various aspects of the business from start-up costs...
On Behalf of Demetrius J. Karos, Ltd. | Aug 3, 2018 | Estate Planning
Previous posts on this blog have discussed some of the many services our law office offers to those in the greater Chicago area who are trying to plan what will happen to their assets when they die.The goal of many of these people is to pass as much of their wealth on...
On Behalf of Demetrius J. Karos, Ltd. | Jul 20, 2018 | IRS
Facing an audit of one's federal tax returns is rarely a pleasant experience and is more often than not downright stressful.To make matters worse, an Illinois resident may find at the end of an audit that the IRS believes he or she owes a lot of additional money in...
On Behalf of Demetrius J. Karos, Ltd. | Jul 5, 2018 | Tax Controversy
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...
On Behalf of Demetrius J. Karos, Ltd. | Jun 28, 2018 | IRS, Tax Law
Beginning on Jan. 1, 2019, many of the tax law changes passed in Dec. 2017 go into effect. Many people have heard some of what will happen, but it may still not be clear enough. This article looks at those upcoming changes, but exactly what they will mean for a...
On Behalf of Demetrius J. Karos, Ltd. | Jun 22, 2018 | Estate Planning
In in general, trusts can be a beneficial component of an estate plan. A trust is an arrangement wherein property is managed for the benefit of another party. The party managing the property is referred to as the trustee and the party receiving the benefit is referred...
On Behalf of Demetrius J. Karos, Ltd. | Jun 8, 2018 | Estate Planning
Having a validly executed will is the basic foundation of a good estate plan. A will provides a cornerstone for the estate planner's overall estate plan and directs how property will be divided to beneficiaries. Personal property that may be distributed in a will can...
