How to Appeal Illinois Commercial Property Taxes A major expense for most commercial landlords and tenants is property taxes. In Illinois, the commercial property tax is based on two things — the tax rate imposed by the...
Effect of SECURE Act on Estate Planning
June 16, 2020
Effect of SECURE Act on Estate Planning In December 2019, the federal government passed the Setting Every Community Up for Retirement Enhancement Act of 2019, also known as the SECURE Act. This was an attempt by the federal...
Denied Paycheck Protection Program (“PPP”) Financing? You may Have Legal Recourse. Congress appropriated, and President Trump approved the deficit-spending of $350 million dollars of our taxpayer money to help small...
Shareholder Oppression in Closely Held Businesses in Illinois
February 28, 2020
Shareholder Oppression in Closely Held Businesses in Illinois If you are a minority shareholder of a closely held business in the state of Illinois, you have rights when the majority shareholders or directors of a...
The IRS Announces the 2020 Estate Tax Exemption and the 2020 Gift Tax Exemption Every year the Internal Revenue Service (IRS) releases the annual estate tax exemption for those passing away during the calendar year as well as...