ARTICLES

Bankruptcy Can Discharge Some Tax Liabilities. The toll of the high inflation of the past few years, combined with lingering economic aftershocks from COVID-19, has created a great amount of economic uncertainty for many people.

If you are an auto dealer concerned about the risk of facing class action litigation from the use of consumer tracking technology, it is important that you fully understand the data-collection and consumer tracking tools in use on your website and take the proper steps to minimize your risk.

Over 280 New Illinois Laws are going into effect in 2026. We have listed and summarized some that may have a significant impact on you or your business.

The Department of the Treasury and the Internal Revenue Service recently issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA) for eligible children.

While Illinois law recognizes that grandparents can play a vital role in a child’s life, it also strongly defers to the rights of parents. A grandparent seeking visitation must overcome a high legal threshold and demonstrate that denial of contact would likely harm the child’s well-being.

Impact of Partial Government Shutdown on IRS – Day 41: Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers must continue to meet their tax obligations as normal.

The Illinois General Assembly enacted Public Act 1738, amending several provisions of the Illinois Code of Civil Procedure to raise debtor exemption limits effective 1.1.26. The new law provides expanded protection for residents, marking the most significant increase to the state’s exemption statutes in over a decade.

In response to Executive Order 14247 requiring the Internal Revenue Service to eliminate the use of physical checks, the U.S. Department of the Treasury announced that paper tax refund checks for individual taxpayers will be phased out.

The U.S. Treasury Department issued a preliminary list of nearly 70 jobs that qualify for “no tax on tips.” The occupations include a wide range of services spanning from Rickshaw drivers to digital content creators.