Top 10 Self-Employed Tax Deductions for 2021
Discover 10 powerful tax deductions for self-employed workers, freelancers, and business owners! Are you maximizing your tax savings?
How Long to Keep Tax Records (and What to Keep)
How long should you keep your tax records? Which documents are important to save? Stay prepared with tips from our experienced tax lawyers!
How to Create an LLC in Illinois
Learn how to create an LLC in Illinois with these 5 easy steps! Our Chicago tax lawyers help business owners like you save on taxes.
Should You Itemize Deductions on Your Tax Return?
The standard tax deduction was significantly raised in the 2017 tax overhaul. Does it still make sense to itemize your deductions?
Hysterical Tax Excuses: Could They Work For You?
Hysterical Tax Excuses: Could They Work For You? February 3, 2020 Tax authorities in the United Kingdom recently compiled a list of “weird and wonderful” tax excuses and deduction attempts from years past. Would any of these fly in Chicago? Let’s take a look. Tax Excuses “My Mother-In-Law Is A Witch And Cursed Me” A new twist […]
Four Super-Charged Credits and Deductions for Middle-Class Taxpayers
Jump in to learn about four super-charged tax deductions and credits for self-employed and middle-class taxpayers that could reduce your liability by 50%.
What You Need to Know About 2020 IRS Voluntary Tax Disclosures
Since the discontinuation of the IRS OVDP program, there are new best practices for voluntary tax disclosures.
Retiree Tax Matters: Take Advantage of the 20% Pass Through Deduction
Retiree Tax Matters: Take Advantage of the 20% Pass Through Deduction July 17, 2019 Some people love the new tax code, others loathe it. Regardless, as tax attorneys, the main thing we’ve noticed is that many folks — like retirees who start side businesses or consultancies — are simply not aware of new opportunities available […]
Tax Time: Alternative Options for Eliminated Tax Deductions
The tax rules are changing this year, and certain deductions have been eliminated.
Illinois Investment Law: Tax Tips for Playing The Stock Market
Illinois Investment Law: Tax Tips for Playing The Stock Market December 7, 2018 Part of smartly playing the stock market is having a profitable exit strategy that offsets losses against appreciated investments. Let’s discuss. Solutions For Small & Large Business Investors must first decide whether a given play is going to be long- or short-term. […]