Circular logicBy Helen W. GunnarssonAugust 2005LawPulse, Page 382Revised IRS Circular 230 requires lawyers and others who offer tax advice to take extra care and additional steps. Some lawyers think it goes too far.
New limits for family limited partnershipsBy Helen W. GunnarssonAugust 2005LawPulse, Page 382Casting a shadow over a popular tax avoidance device, a recent case disallowed an estate tax break for a decedent who maintained too much control over the business he transferred to his family limited partnership.
Property Tax Code allows for post-judgment motionsMay 2005Illinois Law Update, Page 232On February 17, 2005, the Illinois Supreme Court reversed the appellate court's dismissal of the property owners' appeal and remanded the case to the appellate court.
Park Districts Are Granted More Taxing Power P.A. 093-0625August 2004Illinois Law Update, Page 398Effective immediately, if a park district lies wholly within one county, the park district board of that district is authorized to increase property taxes for corporate purposes for any one year
Department of Revenue Implements Tax LegislationNovember 2003Illinois Law Update, Page 550The Illinois Department of Revenue recently adopted rulemaking to implement the requirements of various public acts, including 92-492, 92-322, 92-526, and 92-393.
Assessing reassessmentsBy Helen W. GunnarssonAugust 2003LawPulse, Page 374Appellate court precedent makes it difficult for assessors to change the valuation of property more often than once every four years. But what are the limits on assessors' authority to "revise and correct"?
Illinois says “no” to estate-tax eliminationBy Helen W. GunnarssonAugust 2003LawPulse, Page 374The feds are phasing out the estate tax, but beginning this year cash-strapped Illinois will no longer cap its estate tax at the federal maximum.
Unconditional payment requirement of use tax claimants amendedApril 2003Illinois Law Update, Page 168On January 15, 2003, the Department of Revenue (department) adopted new rules involving the unconditional repayment requirement of a claimant who files a claim for either credit or refund of the Use Tax in title 86 of the Illinois Administrative Code.
Pet trusts for trusty petsBy Helen W. GunnarssonMarch 2003LawPulse, Page 110Illinois may shortly join 16 other states that have passed laws authorizing the creation of trusts with pets as beneficiaries.