Time Running Out on Illinois Tax Amnesty Programs. Are You Eligible?
For taxpayers with outstanding obligations to the Illinois Department of Revenue (IDOR), paying those debts off becomes more expensive by the day as substantial interest and penalties accrue. However, recently signed legislation allows those with pending tax liabilities to square their accounts and avoid these extra costs – as well as spare themselves from potential enforcement action – through three separate tax amnesty programs. . . . [READ MORE]
Alexander Passo's Relentless Judgment Collection Efforts Save LLF Client's Retirement Savings After Fraud
Obtaining a judgment in a lawsuit against a party that owes you money is a significant step towards recovering the amounts due. But a judgment is simply a piece of paper; you can't deposit it into your bank account or mark the debt as paid on your ledger. While some judgment debtors may pony up with little resistance, others are quite content to sit back, hide behind shell companies or engage in other efforts to shield their assets, and smugly tell their judgment creditor to "come and get it." . . . [READ MORE]
FinCEN Eliminates Corporate Transparency Act Reporting Requirements for Domestic Companies
After a multi-year, up-and-down ordeal that involved legislators, regulators, judges, and, ultimately, the ballot box, the final nail has seemingly been driven into the Corporate Transparency Act's (CTA) coffin, at least as far as domestic companies are concerned. . . . [READ MORE]
