Publications

Articles on Taxation

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.

Retailers to provide report listing monthly liquor purchases

September
2004
Illinois Law Update
Page 456
The Illinois Department of Revenue recently adopted amendments to 86 Ill Adm Code 130. 

Park Districts Are Granted More Taxing Power P.A. 093-0625

August
2004
Illinois Law Update
Page 398
Effective 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

Real Estate Transfer Tax Regulations Amended to Prohibit Effective Double-Taxing of Real Estate Entities P.A. 93-0657

May
2004
Illinois Law Update
Page 242
Effective June 1st, limits are imposed to stop effectively double-taxing some real estate entities.

This is Me Leaving You: Illinois Departs from the Federal Estate Tax Scheme

By Susan T. Bart
January
2004
Article
Page 20
A critical look at legislation "decoupling" Illinois' estate tax from the federal credit.

Department of Revenue Implements Tax Legislation

November
2003
Illinois Law Update
Page 550
The 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. 

Illinois’ New Estate-Tax Law

By David A. Berek
September
2003
Article
Page 465
An overview of Illinois' newly "decoupled' estate-tax scheme.

Assessing reassessments

By Helen W. Gunnarsson
August
2003
LawPulse
Page 374
Appellate 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 elimination

By Helen W. Gunnarsson
August
2003
LawPulse
Page 374
The 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 amended

April
2003
Illinois Law Update
Page 168
On 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 pets

By Helen W. Gunnarsson
March
2003
LawPulse
Page 110
Illinois may shortly join 16 other states that have passed laws authorizing the creation of trusts with pets as beneficiaries.

Individual taxpayers do not have standing when state is real party in interest and section 20-104(b) of Illinois Code of Civil Procedure is unconstitutional to extent that it gives taxpayers that right

December
2002
Illinois Law Update
Page 634
On September 19, 2002, the Illinois Supreme Court held that the plaintiffs, a private citizen and a watchdog group, did not have standing to recover funds for Illinois taxpayers that were illegally received by employees of the Secretary of State's Office.

Whither estate-planning practice?

By Helen W. Gunnarsson
December
2002
LawPulse
Page 628
Demographic trends and tax-law changes may generate some short-term business, but they'll mean less work for estate-planning lawyers in the long run. Are you ready to adjust your practice?

Fee tax turns employment-lawsuit winner into loser

By Helen W. Gunnarsson
October
2002
LawPulse
Page 506
Taxing attorney fee awards as income to the plaintiff threatens to reduce an employee's award to less than zero.

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