Sales Tax Update

It wasn’t all that long ago when income tax was the main topic of conversation in the world of tax.  Especially in Illinois, once the national debate over the Bush tax cuts ended, we got the new debate about Illinois raising its income taxes.  But now, sales tax is definitely the main issue, specifically the…

Details of the tax compromise

No one knows yet what the tax landscape for 2011 will look like.  That won’t become definite until a bill is signed into law.  And although the climate in Washington is getting dicey, with House Democrats resolving not to let the compromise come to the floor as it currently stands, at the moment, here’s what…