by Leif Jensen | Apr 17, 2011 | General |
Employees who file individual taxes based upon their W-2 can get refunds in spite of the unpaid deposits. Employees catch a break when employers don’t deposit withheld taxes: They still can claim a credit for the withheld income taxes when they file,according to IRS...
by Leif Jensen | Apr 17, 2011 | General |
Business owners can not escape liability for the firm’s unpaid payroll taxes, even though they didn’t know about the shortfall, an Appeals Court says. The bookkeeper for a business failed to deposit the company’s employment taxes. The owners first learned about her...
by Leif Jensen | Apr 17, 2011 | General |
Bankruptcy creditors cannot get at inherited IRAs, a district court says in reversing a previous bankruptcy court decision in favor of the creditors. The case involved a debtor who inherited her mom’s IRA and then filed for bankruptcy. Now all district courts and the...
by Leif Jensen | Apr 17, 2011 | General |
Acquiescence to an abusive boyfriend’s theft won’t negate a theft loss deduction, according to the Tax Court. A boyfriend of a business owner worked for her firm. Although she knew he was stealing money from the business, she remained silent because he was verbally...
by Leif Jensen | Apr 4, 2011 | General |
If you want or need assistance with the IL Use Tax Amnesty program please contact our office at 847-690-9454.
by Leif Jensen | Apr 4, 2011 | General |
There are 15 days left to file your individual tax returns without an extension. If you need assistance please contact our office at 847-690-9454.
