Publications

Articles on Taxation

Changes in forms of property tax payment. PA 096-1250

October
2010
Illinois Law Update
Page 508
The Property Tax Code has been amended regarding the payment of taxes. (35 ILCS 200/20-25).

Is your client a nonresident of Illinois for state income tax purposes?

By Helen W. Gunnarsson
July
2010
LawPulse
Page 342
The Illinois Department of Revenue is looking closely at former Illinois residents who claim residency in other states while maintaining ties to Illinois.

Provena loses its charitable property tax exemption

By Helen W. Gunnarsson
May
2010
LawPulse
Page 230
A hospital that gives away less than one percent of its annual revenue in free patient care doesn't qualify for a charitable property tax exemption, the Illinois Supreme Court holds.

The Estate Tax- dumped on New year’s Eve

By Katarinna McBride
February
2010
Column
Page 104
Congress defied the conventional wisdom and let the estate tax die. What will replace it?

The Illinois QTIP Election to the Rescue

By Robert J. Kolasa
December
2009
Article
Page 612
Big news for estate planners - the new Illinois QTIP lets clients use the full federal exclusion without Illinois estate tax consequences.

New law brings transparency to homestead assessments. PA 096-0122

November
2009
Illinois Law Update
Page 552
State lawmakers recently added new language to the state Property Tax Code to help homeowners understand and challenge changes in their property assessments. 

Stranger-Owned Life Insurance: The Rewards: a Fictional Case Study

By Stephen M. Margolin and Valerie J. Freireich
November
2009
Article
Page 568
An elderly - and wealthy - person lets investors buy insurance on his life in return for cash, and everyone makes money. Or do they?

Stranger-Owned Life Insurance: The Risks and How to minimize them

By James C. Shanley
November
2009
Article
Page 569
An elderly - and wealthy - person lets investors buy insurance on his life in return for cash, and everyone makes money. Or do they?

ANATOMY OF A WILL: A Step-By-Step Guide

By Helen W. Gunnarsson
October
2009
Article
Page 506
A step-by-step primer on simple wills for newbies, litigators, and other will-drafting novices.

Presenting property tax appeals

October
2009
Column
Page 532
Q: The fair market value of my house has decreased since the recession, but my property taxes haven’t. I’ve filed an appeal of my assessment with the Board of Review, and I’m waiting for the hearing. What is my best argument at the hearing? What should I take with me in the way of evidence? What are my chances in getting the taxes reduced?

Winning at Darwin’s Game

By Katarinna McBride
August
2009
Column
Page 420
Survivor-style challenges and opportunities confront estate planners.

Illinois Retailers’ Occupation Tax revised

May
2009
Illinois Law Update
Page 226
The Illinois Department of revenue revised the retailers' occupation tax as it relates to fly-away aircrafts and taxes charged by hotels and similar establishments for the rental of meeting, conference, banquet, and other similar types of rooms when food and beverages are provided. 86 Ill Adm Code 130.

Department of Revenue amends rules governing income taxes in Illinois

April
2009
Illinois Law Update
Page 174
The Department of Revenue amended several sections and added two new sections to Ill Adm Code 100. The updates implement the amendments made to the Illinois Income Tax Act (IITA) (35 ILCS 5).

Illinois Estate Tax Planning in 2009 and Beyond

By Gary R. Gehlbach and Emily R. Vivian
February
2009
Article
Page 80
Beginning this year, the gap between the Illinois and federal estate tax widens. This article discusses the implications and makes the case for an Illinois QTIP.

State Income Tax rules updated

January
2009
Illinois Law Update
Page 16
The Illinois Department of Revenue amended Title 86, which governs Illinois state income tax rules. 86 Ill Adm Code 100.7300 et seq. The purpose of the amendment is to provide guidance on the application of the Illinois income tax withholding requirements for employers. 

Real estate and divorce: No more transfer-tax exemption?

By Helen W. Gunnarsson
December
2008
LawPulse
Page 606
 To the chagrin of matrimonial lawyers, Chicago has begun taxing the transfer of a divorcing couple's jointly owned home to one of the ex-partners.

How to use Gifts to reduce Illinois estate taxes

By Robert J. Kolasa
November
2008
Article
Page 580
In 2009, federal and Illinois estate taxes will be "decoupled." Here's how estate planners can use gifts to help clients pay less.

Changes to the Illinois income tax laws

October
2008
Illinois Law Update
Page 504
The Illinois Department of Revenue made several amendments and added two sections to Part 100 of Title 86, relating to the assessment and collection of Illinois income tax. 

New rules governing reporting requirements of private biodiesel producers

July
2008
Illinois Law Update
Page 340
The Department of Revenue amended 86 Ill Adm Code 500, in an effort to impose reporting and payment requirements on those who produce biodiesel fuel or biodiesel fuel blends for self-use. 86 Ill. Adm. Code 500. 

New Rules governing Tax Shelters, Listed Transactions, and Credits for Business Assets

April
2008
Illinois Law Update
Page 180
The Department of Revenue made several amendments and added two new sections governing tax shelters to the Income Tax part of Title 86 of the Illinois Administrative Code. 86 Ill Adm Code 100. 

New Preparer Standards For Estate, Gift Returns

By David A. Berek
February
2008
Column
Page 102
The standards and penalties long app-licable to income tax returns now apply to estate and gift tax filings.

Tax sales: the court helps taxpayers who help themselves

By Helen W. Gunnarsson
February
2008
LawPulse
Page 66
 Here's how not to win compensation after losing your house for failure to pay taxes.

Year-End Planning for Trust-and-Estate Clients

By David A. Berek
November
2007
Column
Page 606
It's not too late to implement some tax-saving strategies for your estate-planning clients.

Estate Planning for the Rest of Us

By Helen W. Gunnarsson
October
2007
Article
Page 520
Most people don't have estates large enough to owe tax when they die. But they still need estate-planning advice.

Professional licenses can be withheld for non-payment of taxes

August
2007
Illinois Law Update
Page 404
A new sub-section, 1100.560, has been added to 68 Ill Adm Code 1100, effective May 16, 2007. 

Even More Uncertainty about Estate-Tax Apportionment

By Carleen L. Schreder
June
2007
Article
Page 306
Two recent decisions interpreting apportionment waiver clauses in wills and revocable trusts make new law. Here's an analysis.

State must take reasonable steps to inform homeowner debtor of impending house sale

June
2007
Illinois Law Update
Page 292
On April 19, 2007, in a case that was remanded to the Illinois Supreme Court from the United States Supreme Court, the Illinois Supreme Court, effectively, affirmed its own prior decision, holding that the state and the purchaser of a tax deed had made sufficient efforts to give notice to the delinquent taxpayer.

Tax exemptions for out-of-state motor vehicle purchasers narrowed and clarified

June
2007
Illinois Law Update
Page 292
The Department of Revenue has amended sections 130.120 and 130.605 of 86 Ill Adm Code 130 to reflect changes made to the Illinois Retailers' Occupation Tax Act (35 ILCS 120/1 et seq). 

Tax nonpayment sales and the mentally ill - does the system work?

By Helen W. Gunnarsson
June
2007
LawPulse
Page 286
Do recent cases indicate that Illinois should change its laws to further protect mentally ill property owners?

Are Investment Advisory Fees 100-Percent Deductible?

By David A. Berek
February
2007
Column
Page 104
The federal circuits are split and the seventh circuit is silent.

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