Chicago Accounting Articles

What Is A Tax Extension Chicago Illinois

Updated July 24, 2015   What Is A Tax Extension Chicago Illinois Extension Tax   Tax extensions extend the amount of time necessary to file the return itself. They do not extend the due date of any payment which will … Continue reading

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Form 1120 and 1120S due dates Chicago Illinois

Updated July 23, 2015   Form 1120 and 1120S due dates Chicago Illinois   The Corporation Income Tax Return (Form 1120) is due 75 days after the established year end of the company. If the company closes its books on … Continue reading

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1120s Distributions Chicago Illinois

Updated July 23, 2015   Form 1120S distributions reported on Schedule K-1 Chicago Illinois   S-Corporations are pass through entities from a taxation standpoint. If you own an S-Corp and you have an income taxable year, then the federal income … Continue reading

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Federal Tax Lien Reverse Chicago Illinois

Updated July 23, 2015   How to pay off a federal tax lien   Federal Tax Lien Reverse Chicago Illinois   Cash still works in this country. Checks are great as long as they cash. You can cash out of … Continue reading

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Tax Return Red Flags Chicago Illinois

Updated July 23, 2015   Tax Return Red Flags Chicago Illinois   Comprehensive tax return problems   I’ve had these referred to me in the past:   Cases where The Internal Revenue Service or The Illinois Department of Revenue is … Continue reading

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IRS Form 1120 and 1120s Mailing Address Chicago Illinois

Updated July 23, 2015   IRS form 1120 and 1120S Mailing Address Chicago Illinois   If the corporation’s principal business office, or agency is located Total assets at the end of the tax year are: Use the following IRS Center … Continue reading

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Pay Off Federal Tax Lien

Updated July 8, 2014   How do I pay off my federal tax lien?   Cash still works in this country. Checks are great as long as they cash. You can use a credit card if you must. Of course … Continue reading

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1120 / 1120s Mailing Address

Updated July 14, 2015   What is the 1120 / 1120s mailing address?   If the corporation’s principal business office, or agency is located in Illinois, and   Total assets at the end of the tax year are less than … Continue reading

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Corporate Income Tax Due Dates

Updated July 14, 2015   What are the Corporate Income Tax due dates?   The Corporation Income Tax Return is due 75 days after the established year end of the company. If the company closes its books on December 31st, … Continue reading

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How Far Back Can The IRS Go

Updated July 16, 2015   How far back can the IRS go?   How far back in time can the IRS audit?   Three Year Rule   The period or Statute of Limitations at the Federal level which allows them … Continue reading

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