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15 days left

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.

Facbook boss bashing covered by NLRB

The National Labor Relations Board has commented that what workers posts on Facebook are a protected activity.  So boss bashing on Facebook cannot be disciplined any more than workers sharing complaints with one another within the office.

2011 Leased Autos

Leasing a business vehicle is much cheaper in 2011.  The amount taxed is about 50% less than in 2010.  If the vehicle has a worth of more than $18,500 when first leased for business during 2011, the lessee must pay income tax each year on an amount spelled out in IRS...

Unreimbursed business expenses

The tax court has audited and disallowed reimbursed business expenses on Schedule A.  It was determined that the individual who claimed the business expenses for parking and travel on her Schedule A; but these expenses were reimbursable by her employer, she never...

Illinois Use Tax Amnesty

Illinois is offering an amnesty for Use Tax based upon purchases that were not subject to sales tax.  This is for years 2004 – 2009.  2010 is payable on the FY2010 IL1040.  The details below are from the Illinois Department of Revenue website.  If you need any...

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