Publications

Illinois Bar Journal

 

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Articles on Taxation

Series LLCs: Practical Pointers and Tax Implications By Randall H. Borkus and Kimberly J. Myers January 2007 Article, Page 22 Beware the danger in failing to properly separate assets in the series, and note unanswered tax questions.
Discovery rules changed for appeals of property assessments of over $1 million December 2006 Illinois Law Update, Page 650 The Property Tax Appeal Board (Board) has added section 1910.79 and amended section 1910.95 of 86 Ill Adm Code 1910, effective September 29, 2006, in order to "streamline and expedite the appeal process" for appeals on property assessments of $1 million or more.
New rules on openness and evidence adoption in property tax hearings November 2006 Illinois Law Update, Page 584 The Property Tax Appeals Board (Board) has amended sections 1910.67 and 1910.90 to 86 Ill Adm Code 1910 to reflect that although property tax appeal hearings are generally open to the public, the board or its officers can now close all or parts of hearings in order to protect private information from being disclosed.
Electronic tax payments are timely if started prior to the due date September 2006 Illinois Law Update, Page 464 Effective June 26, 2006, the Illinois Department of Revenue (Department) amended part 750 of title 86, 86 Ill Adm Code 750. 
The Increasing Estate-Tax Exclusion Amount By David A. Berek August 2006 Column, Page 440 Here's a look at legislative proposals for making the higher estate-tax exclusion permanent.
Winning Tax Exemption for Illinois Nonprofit Nursing Facilities: No Easy Task By Neville M. Bilimoria August 2006 Article, Page 420 A little-known Illinois Supreme Court case makes it much harder for nonprofit nursing homes to get a property tax exemption.
Procedures for appealing to PTAB adjusted May 2006 Illinois Law Update, Page 230 In order to clarify existing procedures and add a new deadline extension for submitting rebuttal evidence, the Property Tax Appeal Board has amended and added to Part 1910 of Title 86, 86 Ill Adm Code 1910, effective February 15, 2006.
Procedures for appeals before the Property Tax Appeal Board amended April 2006 Illinois Law Update, Page 174 Effective January 20, 2006, Part 1910 of Title 86, 86 Ill Adm Code 1910, was amended and new sections were added regarding property tax appeals.
Danger lurks in p.i. confidentiality clauses By Helen W. Gunnarsson March 2006 LawPulse, Page 110 A recent case – involving none other than Dennis Rodman – holds that plaintiffs must pay tax on the portion of a settlement award deemed payment to a p.i. client for his or her silence.
New sections added and amendments made regarding motions and appeals to the Property Tax Appeal Board March 2006 Illinois Law Update, Page 118 The Illinois Property Tax Appeal Board has amended Part 1910 of Title 86, 86 Ill Adm Code 1910. The Board has added new sections and amended the Part with regard to motions, notice and consolidation of appeals. 
Does Your Client Qualify for a Charitable Property Tax Exemption? By Karyn R. Vanderwarren January 2006 Article, Page 40 Whether you're counsel or a board member, you can help your charity try to qualify for an exemption and put the dollars you save to charitable use.
Tax Issues in Employment Discrimination Settlements By Ralph A. Morris and Heather R.M. Becker December 2005 Article, Page 638 Every lawyer who negotiates an employment discrimination settlement should understand the implications of these tax issues.
Employers to file quarterly tax returns for deductions and withholdings November 2005 Illinois Law Update, Page 564 The Illinois Department of Revenue (Department) recently amended Part 100 of Title 86, effective August 15, 2005.
TaxNet: Online tax filing for employers By Helen W. Gunnarsson November 2005 LawPulse, Page 558 Now Illinois employers can pay state taxes and file documents online.
Circular logic By Helen W. Gunnarsson August 2005 LawPulse, Page 382 Revised 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 partnerships By Helen W. Gunnarsson August 2005 LawPulse, Page 382 Casting 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.
Taxes, Marital QTIP Trusts, and Anti- Apportionment Clauses By David Berek August 2005 Column, Page 418 It's time to revisit the language you've been using in QTIP trusts.  Find out why.
How Illinois’ Homestead Exemption Really Works By David J. Dwyer May 2005 Article, Page 252 Here's how to calculate property taxes in Cook County under the new law.
Property Tax Code allows for post-judgment motions May 2005 Illinois Law Update, Page 232 On 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. 
Tax credit expanded under Economic Development for a Growing Economy Tax Credit Act April 2005 Illinois Law Update, Page 170 The Illinois Department of Commerce and Economic Opportunity recently amended 14 Ill Adm Code 527. 
All constitutional requirements must be met in order for property to qualify for a charitable-use property tax exemption March 2005 Illinois Law Update, Page 116 On December 2, 2004, the Illinois Supreme Court reversed the orders of the appellate and circuit courts, which reversed the Illinois Department of Revenue's (Department) holding that the property in question was not tax exempt. 
Salaries at not-for-profits: the IRS takes a hard look By Helen W. Gunnarsson February 2005 LawPulse, Page 62 If you advise or sit on the board of a tax-exempt organization, take note of an IRS initiative to make sure nonprofits aren't paying employees too much.
School Code amended to specify maximum-authorized district educational tax rate PA 093-1059 February 2005 Illinois Law Update, Page 68 Effective December 8, 2004, the School Code was amended by adding 105 ILCS 5/17.3.5, to indicate the maximum-authorized district educational tax rate.
Uniformity criteria adopted for assessors’ bonuses February 2005 Illinois Law Update, Page 68 The Illinois Department of Revenue recently adopted amendments to the Property Tax Code, 86 Ill Adm Code 110.170. 
Beneficial interest in land trusts and controlling interests in real estate entities are now taxable under the Real Estate Transfer Tax January 2005 Illinois Law Update, Page 14 The Department of Revenue recently adopted amendments to the Real Estate Transfer Tax, 86 Ill Adm Code 120. Effective October 13, 2004, the changes affect sections 120.5, 120.10, and 120.20 of the code. 
Business Buyers’ and Sellers’ Guide to Reducing Taxes on Goodwill and Covenants Not to Compete By William B. Fox January 2005 Article, Page 34 Business sellers and buyers often allocate a portion of the sale price to these intangible assets – here's how to reduce taxes in the process.
Tax credit program to encourage motion picture industry operation in the State January 2005 Illinois Law Update, Page 14 The Illinois Department of Commerce and Economic Opportunity recently adopted 14 Ill Adm Code 528, effective October 22, 2004.
Update on Real Estate Tax Law Changes By James K. Weston January 2005 Column, Page 44 Here's a summary of some of the many recent changes in real estate taxation.
Higher discounts for voluntary filing of liquor tax returns and electronic funds transfers November 2004 Illinois Law Update, Page 568 Effective on July 27, 2004, the Department of Revenue recently adopted amendments to 86 Ill Adm Code 420. 
Family limited partnerships get the green light By Helen W. Gunnarsson September 2004 LawPulse, Page 450 This important tax-planning device for farmers and business owners gets a boost from a federal appellate court.