News, Resources, & Legal Tips

What Happens If You Don't File Taxes? - IRS Failure to File Penalty, IRS Failure to Pay Penalty - IRS Back Taxes
What Happens If You Don’t File Taxes?
Non-filing penalties, non-payment penalties, and interest add up each month if you don't file and pa [...]
10 Self-Employed Tax Deductions - Tax Savings for Freelancers and Business Owners
Top 10 Self-Employed Tax Deductions for 2021

Powerful tax savings for anyone who’s self-employed!

How Long to Keep Tax Records - Which Tax Records to Save and How Long
How Long to Keep Tax Records (and What to Keep)

Anyone can be the target of an IRS audit. These tips will make the process run much more smoothly!

5 Steps to Form an LLC in Illinois
How to Create an LLC in Illinois

How to register your Illinois LLC in 5 simple steps!

IRS Offer in Compromise Requirements - Can You Lower Your Tax Debt Using an OIC?
Offer in Compromise Requirements: Do You Qualify for Tax Debt Reduction?

An Offer in Compromise could lower your tax debt by thousands. Could it work for you?

IRS Offer in Compromise - How Much Should I Offer the IRS?
IRS Offer in Compromise Formula: How Much Should You Offer?

Thinking of using an OIC? Get it right the first time with these tips!

To Itemize or Not to Itemize, That is the Tax Question
Under the 2017 tax overhaul, lawmakers significantly raised the standard deduction amount. Does it m [...]
Chicago Tax Law: Excuses
Hysterical Tax Excuses: Could They Work For You?
Tax authorities in the United Kingdom recently compiled a list of “weird and wonderful” tax excu [...]
Illinois Tax Law: middle class tax-saving tips
Four Super-Charged Credits and Deductions for Middle-Class Taxpayers
Fortune 500 companies aren’t the only ones who enjoy tax breaks. Legislators have carved out signi [...]
Chicago Tax Law: Criminal tax defense
Criminal Tax Law: Why You Should Enlist a Lawyer and Not Go It Alone
A university professor recently pleaded guilty to under-reporting taxes, but the alternative could h [...]