Resources
Stay in the know of company and industry updates, accomplishments and more!
Second Installment Property Tax Bills Likely To Be Delayed
Within the last two weeks, the Cook County Assessor has issued decisions and certified 2021 assessments in eight townships. Some of these townships saw their initial assessments published as long as eight months ago.
Tax Savings on Business Contract Sales
Question: My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
SFBBG Provides Legal Guidance at the 2022 ERA Conference
In the last week of February 2022, the Electronics Representatives Association (“ERA”) held its much anticipated, long-awaited, first in-person industry event since COVID at the AT&T Center on the University of Texas campus in Austin, Texas.
Reducing Estate Tax with Spousal Portability
Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?
Classification of Manufacturer’s Representatives as Employees or Independent Contractors
The determination is significant because different tax treatment results from the classification of the representatives.
Passing Vacation Homes to Family Members
Question: I have a vacation home that I want to leave to my three children but I am not sure how to do so. Do you have any suggestions?
Passing Assets to Non-Citizen Spouses in Tax Effective Manner
Question: My spouse is not a U.S. citizen. Can I leave assets to her upon my death without incurring estate tax?
A Case Win for SFBBG
On December 14, 2021, SFBBG’s Matthew Tyrrell scored a victory on behalf of a Chicago-area based manufacturer of high-end, custom-designed computers, servers and related services, and their owner and CEO, after an in-person bench trial in Lake County.
Understanding Cryptocurrency Tax Rules
Question: I deal in cryptocurrency through my business. Customers sometimes pay me in Bitcoin and I sometimes use Bitcoin to pay suppliers. Will these transactions be treated as if payment was made in cash?
Ron Silbert Recognized for Serving as Editor-In-Chief for the DePaul Law Review
Firm Partner Ron Silbert recently shared his thoughts and recollections with the DePaul Law Review.