Effect of Federal GOP Income Tax Elimination of Real Estate Tax Deduction On Randy Hultgren’s District

From Woodstock resident Susan Handelsman: What Ending Property Tax Deductions Would Do To Congressman Randy Hultgren’s District In my understanding, if SALT deductions are eliminated, new tax bill will mean tax increase for local median income earners. New tax bill … Continue reading

Roskum Supports Budget, Shows Knowledge of Constituent Concern about GOP Proposal to End Income Tax Property Tax Deduction

A press release from Congressman Peter Roskam: Representative Roskam votes in favor of Senate GOP Budget Resolution Says budget resolution is a “…prelude to tax reform”  DuPage County, IL — Today, Representative Peter Roskam (IL-06) voted in favor of the … Continue reading

Roskam Pushing for Some Continued Property Tax Relief

Bloomberg News reports that tax writing committee member Peter Roskam is seeking, as the headline reads, Key GOP Tax Writer Wants Compromise on State and Local Tax Break The article reports that his district contains”…above-average users of the deduction…” … Continue reading

National GOP Looking at Big Tax Increase for Illinois Residents

An article in the Sunday Chicago Tribune entitled, “GOP tax increase targets blue states,” deserves our attention. Now, property taxes are deductible on our Federal income taxes. The article says that “Federal deductions for state, local taxes on chopping block.” … Continue reading

Feds Take Chicago Lawyer after Money on False Pretences Out of Market Place

A press release from the U.S. Attorney’s Office: CHICAGO LAWYER BARRED FROM PROMOTING TAX SHELTERS GENERATING $370 MILLION IN SHAM DEDUCTIONS Federal Court Enjoins Former Seyfarth Shaw LLP Partner Who Allegedly Designed “DAD” and “DAT” Tax Shelters CHICAGO LAWYER BARRED … Continue reading