by GCK | Mar 19, 2017 | News
The Internal Revenue Service, state tax agencies and the tax software industry are warning tax professionals and taxpayers of last-minute phishing email scams, especially those requesting last-minute deposit changes for refunds or account updates. Although the IRS,...
by GCK | Jan 25, 2016 | News
Congress recently passed the Surface Transportation and Veterans Health Care Choice Improvement Act (the “Act”) which includes a number of changes to the Internal Revenue Code. One of these changes adds a brand new information form, known as a “Basis Statement.” The...
by GCK | Jul 27, 2015 | News
The July 2015 edition of the Illinois Bar Journal features an article written and published by Sandra D. Mertens of Dale & Gensburg, P.C. entitled “Can You Pierce the Veil of an Illinois LLC?” In brief, the article discusses certain situations when creditors...
by GCK | May 14, 2015 | News
On June 2, 2014, the IRS launched a voluntary disclosure program to help small businesses come into compliance with their retirement plan filing requirements. The program applied to Plan Administrators for certain small business plans (owner-spouse), certain business...
by GCK | May 7, 2015 | News
All U.S. taxpayers who maintain foreign bank accounts, investment accounts, property, or other assets must generally report the existence of their foreign asset to the U.S. government, as well as recognize their foreign income on their U.S. income tax returns. Foreign...
by GCK | Sep 23, 2013 | News
When clients are considering what business entity is appropriate for their new business, they frequently ask what the differences are between a Limited Liability Company (“LLC”) and an S corporation. This article highlights some of the more significant...
