S corporations or S corps is one of the two most popular forms of business legal structures in the state of Illinois, the other being the Illinois LLC, and for a good reason. And that reason is the fact that an Illinois S corp is considered to be a ...
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Written by admin on October 11th, 2011
Written by admin on September 25th, 2011
On April 2, 2009, the IRS announced they will reduce the penalty for not filing a Report of Foreign Bank and Financial Account, known as a ...
Written by admin on September 9th, 2011
Financial markets are the driving force behind the world; they determine the actions of companies and the wealth of billions. Each day they ...
Written by admin on May 24th, 2011
A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code or the IRC. According to IRC if an asset, most often some form of real estate such ...
Written by admin on May 23rd, 2011
Also called a Starker Exchange Trust, a 1031 exchange is generally used by someone who wants to sell an investment property that they own, yet do not want to pay any taxes. A 1031 ...
