Publications

Section Newsletter Articles on Taxation

2016 court decisions State and Local Taxation, November 2016 Recent cases of interest to tax practitioners.
2016 legislative update State and Local Taxation, November 2016 Newly enacted laws.
Collections State and Local Taxation, November 2016 Answers to common questions regarding the Collections Bureau.
Could a departing shareholder’s continuation with the company as an employee or a consultant be treated as a “retained interest” under Section 2036 or 2701 of the tax code? By Hilary E. Wild Federal Taxation, November 2016 What if your client wants to remain an employee or an independent contractor of a corporation after gifting his stock in the corporation to his children?
Legislation and rulemaking State and Local Taxation, November 2016 New laws and rules of note.
Proposed IRS regulations may eliminate long-standing discounts for family-owned businesses By Bruce A. Johnson Federal Taxation, November 2016 The Internal Revenue Service released proposed regulations on August 2, 2016 that would modify and expand Internal Revenue Code 2704 (IRC 2704) impacting the valuation of privately-held, minority interests that are controlled by the same family.
Sales/excise tax update – 2016 legislation and rulemaking State and Local Taxation, November 2016 Recently enacted laws and rules related to sales and excise tax.
Staff directory State and Local Taxation, November 2016 A useful resource of personnel and contact information.
Submitted questions and answers State and Local Taxation, November 2016 Read the recent questions and answers from the most recent DOR Practitioners Meeting.
Upcoming changes for business income tax returns and payments State and Local Taxation, November 2016 Changes that will affect businesses.
Proposed Cook County Hail Vehicle and Ride Sharing Trip Tax  By Evan W. Schanerberger State and Local Taxation, October 2016 Learn more about this proposed new Cook County tax.
Summary of seminar on post-Provena: Illinois’ not-for profit property tax issues, Part 1 By William Seitz State and Local Taxation, October 2016 A recap of “Post-Provena: Illinois’ Not for Profit Property Tax Issues, Part 1” and an overview of Part 2, to be held on November 16th.
Could a departing shareholder’s continuation with the company as an employee or a consultant be treated as a “retained interest” under Section 2036 or 2701 of the tax code? By Hilary E. Wild Trusts and Estates, September 2016 What if your client wants to remain an employee or an independent contractor of a corporation after gifting his stock in the corporation to his children?
The disappearance of the requirement that the Internal Revenue Service exhaust all reasonable collection efforts against the primary obligor By Benjamin Haskin Federal Taxation, September 2016 Recently, an increasing number of Memorandum Decisions in the United States Tax Court have summarily disposed of this requirement by stating that the existence and extent of transferee liability must be determined by state law, which often does not require the exhaustion of all reasonable collection efforts.
Illinois Governor signs sales tax bill providing clarity for new cancer treatment By David J. Kupiec and Natalie M. Martin State and Local Taxation, September 2016 On August, 19, 2016, Governor Rauner signed Senate Bill 3047 (Public Act 99-0858), which provides that FDA classified medical devices that are used for cancer treatment pursuant to a prescription will be taxed at the reduced 1% rate of tax applied to medicines rather than the standard 6.25% sales tax rate.
IRS proposes significant changes to valuation discount regulations By Jeffrey A. Mollet Agricultural Law, September 2016 On August 4, 2016, the IRS released proposed regulations (REG-163113-02) seeking to restrict valuation discounts in the context of family transfers.
Property Tax Code Legislative Round-Up for the 2016 Regular Session By Whitney Carlisle State and Local Taxation, September 2016 Updates on legislation of interest to state & local tax practitioners.
What is a coordinated appeals issue? By James Creech Federal Taxation, September 2016 Known internally as Appeals Coordinated Issues, or ACI for short, they can be a peek into what the IRS considers hot topics in tax or potential areas for abuse.
Cook County Board of Review digital filing system for the 2016 assessment By Michael M. Cabonargi State and Local Taxation, August 2016 A look at the developments during the year since the Board of Review implemented its new Digital Appeal Processing System.
Invalid “dark box” property tax claims misinform Indiana and Michigan Legislatures By Brent A. Auberry, Stewart Mandell, and Daniel L. Stanley State and Local Taxation, August 2016 In both Indiana and Michigan, new legislation gives taxpayers good reason to fear that in future years they may be faced with inflated property tax bills based on non-uniform and inequitable assessments.
Recent Chicago litigation By Stanley R. Kaminski and Elinor Murárová State and Local Taxation, July 2016 Two recent cases of interest to practitioners.
The evolution of hospital property tax exemptions in Illinois By John G. Locallo and Vesna Marusic State and Local Taxation, June 2016 Will Illinois eventually revert to strict constitutional interpretation in resolving the continuing uncertainties regarding charitable hospital exemptions?
IDOR Completed Items FY16 State and Local Taxation, June 2016 Items the Illinois Department of Revenue has finished.
IDOR Remaining Items FY16 State and Local Taxation, June 2016 Items still to be decided on by the Illinois Department of Revenue as of May 2016.
Items pending JCAR Ruling FY16 State and Local Taxation, June 2016 Items still pending a decision by the Legislature's Joint Committee on Administrative Rules, as of May 2016.
President Trump and the existential crisis of 7443 By James Creech Federal Taxation, June 2016 What happens when the President has a stake in litigation where he holds the power to remove the judge?
Court pulls plug on hospital exemptions… again By Donald T. Rubin State and Local Taxation, May 2016 In the case of Carle Foundation v. Cunningham Twp., et al., the court found that 15-86 of the Property Tax Code was facially unconstitutional, because it purports to grant a charitable exemption on the basis of unconstitutional criterion, and remanded the case to the trial court for further proceedings.
2015 tax legislation State and Local Taxation, April 2016 New Illinois laws of note.
2015-16 court decisions State and Local Taxation, April 2016 Recent tax-related court decisions.
Income tax legislative update State and Local Taxation, April 2016 New laws affecting income tax.