A press release from Peter Roskam’s office: Roskam wins fight on behalf of Sixth District residents, Illinoisans allowed to deduct prepaid property taxes. Washington, DC — In a victory for families across Illinois, The U.S. Department of the Treasury has … Continue reading
Category Archives: Deductible
With the House Republicans in Washington seeming to agree that deductions of more than $10,000 for real estate taxes will be disallowed in the future, McHenry County Treasurer Glenda Miller figured out how many bills are higher than that. It … Continue reading
The Chicago Tribune alert system sent the following information about the state of the Republican Party’s income tax reform plan: “The House GOP tax plan would dramatically lower the cap on widely-used mortgage interest deductions to new loans totaling no … Continue reading
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
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
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
Yesterday, McHenry County Blog showed you the legal expenses resulting from the dismissal of Sheriff’s Deputy Zane Seipler. That case has been through arbitration, which Seipler won, circuit court, which Seipler won, and is now in the 2nd Appellate Court. … Continue reading