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Will the IRS Really Settle DuPage Owersâ Tax Debt for Pennies on the Dollar?
Quick Answers: Can the IRS Really Settle My Tax Debt for Pennies on the Dollar?The IRS allows certain taxpayers to settle for less than they owe...
Selling Your Business? Moves DuPage Business Owners Can Make to Avoid Tax Traps
Quick Summary: Tax Traps to Avoid When Selling Your Naperville BusinessDepreciation recapture can cost you up to 37 percent in taxes. Deal...
Early Withdrawal Penalties on Your 401(k): Caution to DuPage Taxpayers
Key TakeawaysWithdrawing from your 401(k) or IRA before age 59½ triggers a 10 percent early withdrawal penalty plus regular income tax. A 20K...
What DuPage Taxpayers Can Do When Their IRS Identity Theft Case Is Prolonged
You filed your return. You were expecting a refund, or at least a normal processing timeline. But instead, the IRS flagged your return and sent you...
Whatâs Next for DuPage Tax Debtors After Filing for Bankruptcy
Key TakeawaysNot all tax debts are wiped clean in bankruptcy. Knowing what lingers can protect you from surprise bills. Post-bankruptcy tax...
Chapter 13 Filing: A Possible Solution for DuPage Tax Debtors
Bankruptcy tends to get a bit of a bad rap. You probably picture financial ruin and losing everything. But thatâs not always what it means,...
ANNOUNCING: Launch of our brand new website with real-time info, special tips and tools, and a plethora of other relevant resources for...
Identity Theft Victims Get a Break: IRS Ruling ILM 202511015 Offers Real Tax Relief
If you or someone you know has fallen victim to an online scam or identity theft, thereâs finally good news from the IRS. In a recent legal...
Tax Debt in Bankruptcy: The Facts for DuPage Debtors
Thanks to Michael Scott, we all know confidently that shouting âI declare bankruptcyâ into the void wonât make your debt problem vanish...