Use Tax Pitfalls

We’ve said before that use tax tends to be the tax that sneaks up on people.  Income tax, property tax and sales tax all tend to be direct.  They’re hard to miss.  Use tax, which exists to more or less pick up what sales tax drops, is technically two taxes in Illinois, the Retailer’s Use…

Illinois Sales Tax Exemptions

It sometimes seems we’ve no end to taxes in Illinois.  You’d be forgiven thinking that Illinois sales tax (technically the retailer’s occupation tax or ROT) applies to pretty much all situations and in any situation where it doesn’t, some other tax would apply.  Examples would include use tax, service tax, motor fuel tax, and so…

Offshore Disclosure 101

In 2009 the IRS ran a short program for offshore voluntary disclosure.  In 2011 they ran a similar program.  In 2012 they began a third offshore disclosure program, this one without an expiration attached.  Intead of expiration, the IRS is free to change the particulars of the program when it choose, for example increasing the…