Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | May 10, 2018 | Estate Planning
Estate planning can be intimidating if the estate planner is not familiar with the process or what to expect but if they understand the process and know what to expect, they will also understand the benefits. The estate planning process can provide peace of mind for...
On Behalf of Demetrius J. Karos, Ltd. | Apr 30, 2018 | Tax Law
Though the tax filing season for 2018 has come to an official close, you may still face a great deal of worry concerning your situation. You may owe a considerable amount in taxes but feel that you do not have the means to address your tax debt. Because you are...
On Behalf of Demetrius J. Karos, Ltd. | Apr 27, 2018 | Tax Evasion
Because accusations of tax evasion can be serious, it is important to understand what tax evasion refers to. Because the tax code is complex, mistakes are understood, however, under-reporting income on purpose and claiming deductions the filer should not receive is...
On Behalf of Demetrius J. Karos, Ltd. | Apr 20, 2018 | Estate Planning
Trusts can be an effective estate planning tool that is oftentimes not well understood. Trusts can aid with the management of property during life and can also be useful tools to supplement a will or even replace a will in some circumstances. Trusts can be used to...
On Behalf of Demetrius J. Karos, Ltd. | Mar 30, 2018 | Tax Evasion
Tax evasion accusations are serious and should not be taken lightly. The Internal Revenue Service (IRS) performs criminal investigations and employs greater than 2,000 special agents to investigate complex tax crimes. When individuals intentionally refuse to file an...
On Behalf of Demetrius J. Karos, Ltd. | Mar 16, 2018 | Estate Planning
Having an effective estate plan, which includes the necessary estate planning documents, is important for the estate planner, their family members and the protection of the estate planner's assets. In addition, an effective and well-prepared estate plan is also useful...
On Behalf of Demetrius J. Karos, Ltd. | Mar 8, 2018 | Tax Law
You may remember the first time you filed your own tax return. Was it in high school when you got your first summer job? Maybe you did not make enough money to file a tax return until you finished college. No matter when it was, chances are that it was straightforward...
On Behalf of Demetrius J. Karos, Ltd. | Mar 2, 2018 | IRS
Every year around this time Illinois residents begin scraping together their W-2s, donation receipts and other tax documentation so that they can submit their state and federal tax returns. Most of the time this is a boring and somewhat straightforward process,...
On Behalf of Demetrius J. Karos, Ltd. | Feb 16, 2018 | Tax Evasion
Tax evasion is a serious crime that can, if it results in conviction, lead an Illinois resident to spend many years in jail. It involves the willful avoidance of paying one's taxes through illegal means of concealment. However, every year many Americans make mistakes...
On Behalf of Demetrius J. Karos, Ltd. | Feb 2, 2018 | Estate Planning
It is a common misconception that only the very wealthy or the elderly should have an estate plan. In fact, every adult Illinois resident regardless of their age or the status of their bank account should have several important estate planning tools in place in the...
