Estate Planning, Business Law and Estate Administration and Litigation
Call 312.466.0800

Blog

Denial or Revocation of Passports Impairs Taxpayer Rights

From the Desk of Lauran L. Stevenson Denial or Revocation of Passports Impairs Taxpayer Rights Delinquent tax debt is defined as “unpaid, legally enforceable federal tax liability of an individual.” According to the Taxpayer Advocate Service (TAS), several taxpayer rights can be impacted by the IRS’ certification […]

Read more

The New Illinois Tax Hike

From the Desk of Michael T. McCormick The New Illinois Tax Hike Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax rates, creates an income and personal property replacement tax addback for the federal domestic production activities deduction […]

Read more

Taxpayer Advocate Service Mid-Year Report to Congress

From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a review of the 2017 Filing Season and identifies the priority issues (“Selected Areas of Focus”) the Taxpayer […]

Read more

Form 1099 – Not to be Ignored

From the Desk of Lauran L. Stevenson Form 1099 – Not to be Ignored The difference between a 1099 and a W2 employee is how the monies and information on those forms are reported. Form 1099 and W2’s are considered “information returns” by the IRS, and the […]

Read more

New IRS Scam: The IRS Sends Out Alert

From the Desk of Lauran L Stevenson New IRS Scam: The IRS Sends Out Alert On June 15, 2017, the IRS sent out a warning to taxpayers of a new scam that utilizes the Electronic Federal Tax Payment System (EFTPS). The EFTPS is the IRS’s automated payment […]

Read more

Getting Your Tax Refund

From the Desk of Lauran L. Stevenson Getting Your Tax Refund Most taxpayers this year have faced longer wait times for refunds than in previous years. This could be due to many reasons such as the PATH ACT as well as other tax legislations that have made […]

Read more

Quarter 2 Estimated Payment Due Date: June 15, 2017

From the Desk of Lauran L. Stevenson Quarter 2 Estimated Payment Due Date: June 15, 2017 Taxes owed to the IRS must be paid as you earn, either through W2 withholding or estimated tax payments. The quarterly estimated tax deadlines are in April, June, September and January […]

Read more

Corporate Formalities Matter for LLCs

From the Desk of Lauran L. Stevenson Corporate Formalities Matter for LLCs There is a lot of misconception regarding Limited Liability Companies (“LLCs”). One of the most dangerous misconceptions is that all you need to do is file a piece of paper with the state and you […]

Read more

The Declared Heirs

From the Desk of Lauran L. Stevenson The Declared Heirs Judge Kevin Eide has officially determined that the musician’s sister and five half-siblings are heirs to his massive fortune. In a ruling made public last Friday, Judge Eide ordered that Prince’s sister, Tyka Nelson, and Omarr Baker, […]

Read more

The Song That Never Ends: Legal Battles in Prince’s Estate

From the Desk of Lauran L. Stevenson The Song That Never Ends: Legal Battles in Prince’s Estate Last week the court convened to consider four motions. The most important motion, from a procedural standpoint, was the motion to formally declare Prince’s sister and five verified half-siblings as […]

Read more

Newsletter

Simply add your email address to this form and hit go to stay informed and up to date with all the current news.

Email:

Contact

2 North LaSalle Street, Suite 1250
Chicago, IL. 60602

Phone: 312.466.0800
Fax: 312.466.0808