Buying a home in Illinois means weighing different options when it comes to location, price, neighborhood, and features of the property. One must also decide if one wishes to live in a home that is governed by an HOA. While many homeowners appreciate the cohesiveness...
real estate law
What to know before registering an LLC
When starting a business in Illinois, one can benefit from understanding the initial process to have the business registered within the state. Many people choose to start an LLC because the steps required are simple and easy to understand. Most small business owners...
Understanding estate tax returns
Many responsibilities come with acting as someone’s estate executor. Illinois residents who are tasked with executing an individual’s estate after that person’s death should be aware of the tax issues that must be resolved. One of these issues is filing a final tax...
Dealing with an error on a tax return
Filing income tax returns in Illinois often comes with much paperwork, which can leave one feeling overwhelmed. Some individuals and small business owners may choose to complete their tax returns without professional assistance. While many individuals can complete...
The details of your business plan matter
You may be one of many people who want to work for themselves by starting a small business. Business ownership is a dream of many, but there is much more involved with entrepreneurship than just having a good idea for a company and launching a social media page. One...
Filing for an income tax return extension in Illinois
Filing one’s tax return on time can sometimes come with challenges. Delays in getting the proper documentation and other incidents can lead to delays in completing one’s Illinois income tax return. For those who are facing delays, there are options in filing for an...
Avoid common mistakes when filing taxes as a small business owner
Filing tax returns on time and without error is important for small business owners in Illinois. While this time of year can be stressful, business owners need to focus on getting their tax returns prepared appropriately based on the laws in the state and the type of...
Tax deductions for small business owners
Small business owners in Illinois should be aware of tax deductions available to them. As tax season approaches, many business owners will be gathering documentation in preparation for filing their annual tax returns. Using every available deduction can help one...
What is taxable income?
As tax season approaches, many individuals may begin feeling the stress that comes with getting one’s financial statements and other documentation in order in preparation to file one’s tax return. Tax matters can be complicated, especially for those who aren’t...
What mistakes could impact your estate plans?
The intent of planning for the future is to have the final say over important matters, such as what happens to your personal property after you pass away. By creating an estate plan, you can be certain that you are able to control the medical care you want or do not...