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 ...
Most Recent Articles For: Filing
Written by admin on October 11th, 2011
Written by admin on October 3rd, 2011
Taxes are complicated enough as it is, but filing a late tax return makes them seem even more difficult. If you file late, you'll want to make sure you get everything right, but you won't want to waste too much time gathering information. If you owe taxes, you don't ...
Written by admin on September 3rd, 2011
Not filing of taxes is a culpable felony in some jurisdiction. But the government such as that in the United States, late filing of federal taxes is not a punishable offense in order not to totally discourage the taxpayer from filing his taxes. However, late filing of the taxes ...
Written by admin on August 8th, 2011
On April 2, 2009 the U.S. Treasury rolled out a Voluntary Disclosure program (expiring on September 22, 2009). The goal of this program is to bring into the fold undisclosed foreign bank accounts and with them, a lot of tax revenue. The voluntary disclosure program is confiscatory and will ...
Written by admin on July 1st, 2011
Article by Kevin Thorn
The deadline to apply to the IRS Voluntary Disclosure Program now over; however U.S. taxpayers still can file a voluntary disclosure under the IRS normal procedures. In 2009, the IRS and U.S. Department of Justice began its highly publicized investigation into Swiss bank UBS AG and ...
