Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | Feb 3, 2024 | Estate Planning
The approach that some people take to estate planning involves getting the process over with as quickly as possible. They find it unpleasant to think about what happens after they die and may rush through the process. Frequently, people may choose to draft a will and...
On Behalf of Demetrius J. Karos, Ltd. | Jan 5, 2024 | Tax Law
Two primary tools often come into play in IRS collections: liens and levies. These mechanisms are pivotal in the agency's approach to collecting unpaid taxes. Understanding their nuances makes it easier to navigate tax issues. Liens and levies, although terms used...
On Behalf of Demetrius J. Karos, Ltd. | Dec 6, 2023 | Tax Law
It is a very common practice to have one spouse manage household finances while the other simply signs the paperwork for taxes and banking. It doesn't technically take two people to file an income tax return, and dividing household work is more efficient when each...
On Behalf of Demetrius J. Karos, Ltd. | Nov 2, 2023 | IRS
Undergoing a tax audit is one of the most stressful “everyday” experiences a person could ever endure. Knowing that the Internal Revenue Service (IRS) takes issue with one's tax return and that there are possible financial or criminal consequences possible is not an...
On Behalf of Demetrius J. Karos, Ltd. | Oct 16, 2023 | Real Estate
It takes weeks or more for those buying a home in Illinois to go from an initial offer to the closing table. There are many steps that each party involved in the transaction will need to complete during those weeks. Unfortunately, no matter how excited people are to...
On Behalf of Demetrius J. Karos, Ltd. | Oct 9, 2023 | Tax Evasion
Paying income taxes is a necessity for anyone earning a living in the United States. Most people do their best to minimize how much they need to pay in taxes. Certain tactics, like making charitable contributions right before the end of the year, can diminish...
On Behalf of Demetrius J. Karos, Ltd. | Oct 5, 2023 | Real Estate
If you’re looking to buy or sell a home, you’ve probably heard the term real estate closing. What exactly does this process entail? Familiarizing yourself with the essential steps in residential real estate closings can help to ensure that you don’t skip any crucial...
On Behalf of Demetrius J. Karos, Ltd. | Oct 2, 2023 | Tax Law
There are numerous reasons other than intentional fraud that someone could fall significantly behind on their federal income taxes. Perhaps they allowed their spouse to handle their tax return every year and never realized how they manipulated the figures. Maybe they...
On Behalf of Demetrius J. Karos, Ltd. | Jun 26, 2023 | Estate Planning
Estate planning can be private business that you manage on your own. You are the only one who is in charge of what is included in your plan. You get to make the decisions about what to do with your assets and how to pass them on to the next generation. You can also...
On Behalf of Demetrius J. Karos, Ltd. | Jun 22, 2023 | Estate Planning
When you have worked hard your entire life and amassed some wealth, it is only sensible that you protect it in the event of incapacitation or death. And one of the most sensible estate planning tools you can use to protect your wealth is your will. But, a will can...
