October 18, 2011
Illinois Income Tax Modifications
On January 12, 2011, in the final hours of the final day of the State of Illinois 96th General Assembly’s veto session, both chambers narrowly passed income tax rate increases to individuals, trusts,
May 20, 2012
FBAR vs. Tax FBAR – What’s the Difference?
The Hiring Incentives to Restore Employment (HIRE) Act in 2010 includes the Foreign Account Tax Compliance Act (FACTA), which requires certain individual taxpayers to file Form 8938, Statement of Foreign Financial Assets, commonly referred to
May 20, 2012
I Got a Notice CP from IRS - What Does This Mean?
The financial press is abuzz with all the latest announcements from IRS about calls for increased enforcement of the nation's tax laws. IRS recently announced they have reviewed or audited nearly a