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Illinois Tax Delinquency Amnesty Act: What You Need to Know

Falling behind on taxes can feel overwhelming, but Illinois is offering taxpayers a second chance. The Illinois Tax Delinquency Amnesty Act of 2025 creates a limited-time opportunity for individuals and businesses to pay off overdue state taxes without having to shoulder the added burden of penalties and interest. By giving taxpayers with outstanding obligations a [...]

Frequently Asked Tax Questions in Family Law Cases – Understanding Forgiveness of Indebtedness Income

This is the second post in the Frequently Asked Tax Questions in Family Law Cases series. This series is intended to answer questions family attorneys frequently ask us regarding tax issues. Question: A party cannot pay an entire debt, but tries to do what is right and pays a portion, per the terms of an [...]

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