Category: Blog

Horowitz and Weinstein represents numerous taxpayers before the Illinois Department of Revenue regarding Sales Tax, Use Tax, Motor Fuels Tax and other taxes on almost a daily basis.  In the course of…

Investor in alleged foreign currency scam sues Bergen County duoBergen County Record, March 27, 2012 An Illinois foundation that doles out college scholarships was among the investors in what the FBI claims…

President Barack Obama’s latest budget proposal brings a significant development in tax matters—a provision aimed at eliminating the 20% filing fee associated with filing an Offer In Compromise (OIC). This proposed change…

The IRS has announced the 2012 Offshore Voluntary Disclosure Program for Foreign Accounts, Foreign Bank Accounts and FBAR filings.  The 2012 follows the pattern set by the 2009 IRS Offshore Voluntary Disclosure…

It’s Called the Marketplace Fairness Act Illinois Senator Dick Durbin is one of the Senators who introduced Internet Sales Tax Reform through the Marketplace Fairness Act which, according to the Act is designed…

A new bill, HR 1864: the Mobile Workforce State Income Tax Simplification Act of 2011, has been introduced into the House of Representatives.  An identical copy to a bill introduced in 2009…

Annually, the IRS mandates taxpayers to disclose their offshore accounts and assets through a process known as FBARs (Foreign Bank Account Reporting). The deadline for filing these forms is June 30th. As…

For a family owned shop on Main Street, their sales tax situation is relatively straightforward.  They are required to  collect and remit to the appropriate authorities the applicable sales tax for their…

Most of us understand sales tax fairly well.  Buy something in Illinois and Illinois sales tax will show up on your receipt, as well as other municipality taxes.  Use tax is not…

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…