Chicago Accounting Articles

Estate Tax and Death Tax Chicago Illinois

Updated July 24, 2015   Estate Tax and Death Tax Chicago Illinois   What is the Estate Tax? The Estate Tax is the tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the...

What Is Gift Tax Chicago Illinois

Updated July 27, 2015   What Is Gift Tax Chicago Illinois   Gift Tax Exclusion, Gift Exemption and Gift Taxes The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with...

What is Probate Chicago Illinois

Updated July 21, 2015   What is Probate Chicago Illinois   Probate is nothing more than the orderly transition of assets per the instructions of a Will.   This process used to be a nightmarish, but it has been simplified. Many estates, if they are put...

Business Succession Planning in Chicago Illinois

Updated July 21, 2015   Business Succession Planning in Chicago Illinois   Common mistakes made in small business succession and business continuity planning   There are three common mistakes: Not finding someone who is capable of managing the business...

Estate Planning in Chicago Illinois

Updated July 21, 2015   Estate Planning in Chicago Illinois   Estate inheritance planning   The problem here is making sure that your assets actually go to your heirs, rather than being sold to cover estate taxes. Most people don’t want their...