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The president of the Illinois Farm Bureau says the organization remains committed to pursuing estate tax relief for the state’s farmers. Phillip Nelson, who farms in LaSalle County...
Can You Use an Illinois Small Estate Affidavit Instead of Probate? In many cases, yes. Illinois law allows certain estates to transfer personal property through a small estate affi...
Inheritance Tax (IHT) is rarely a welcome subject, but with the nil rate band frozen at £325,000 since 2009 and property values rising, a growing number of estates are being caught...
Learn how prepaid funeral costs may affect Medicaid’s 5-year lookback in Illinois, including exemptions, penalties, and contract requirements. | O’Flaherty Law – Learn About Law Le...
Most Illinois families spend decades building wealth to pass on to their loved ones. This wealth might be in the form of retirement accounts, investment real estate, business inter...
For many Missouri retirees, rising property taxes have become one of the biggest challenges to staying in their homes. That’s why dozens of Missouri counties...
On June 16, 2026, Gov. J.B. Pritzker signed Illinois’ fiscal year 2027 budget, including the revenue package enacted through Senate Bill 3019 (the Bill or the Budget). The legislat...
REG-103193-26, June 1, 2026 The Internal Revenue Service (IRS) has issued a notice of proposed rulemaking (REG-103193-26) that will directly impact tax practitioners and exe...
The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.Some digital asset industry...
Property taxes are becoming one of the biggest financial threats facing retirees across America. Many older homeowners who paid off their mortgages years ago are...
Illinois residents are choosing property donations as a practical alternative to selling while helping charitable programs support veterans, families, and youth. The post Illinois...
Probate has a reputation for being slow, expensive, and stressful, but many California families may now be able to avoid it altogether. Formal probate in...
Proposed regulations issued Monday would raise the cost of the letter to $76, from the $56 set in 2025.
IRRF providing $30,000 in disaster assistance to tornado victims in Coles and Effingham counties In what has been a record-breaking year for devastating tornado activity in Illino...
The Illinois Medicaid numbers may be more than you think and so are your options. Think you or your parents have too many assets to qualify for Medicaid in 2026? In Illinois, the l...
ITAT Nagpur Quashes Reassessment on Deceased Person: A Relief for Legal Heirs in Income Tax Cases The Income Tax Appellate Tribunal, Nagpur has once again reiterated a very impor...
The government has introduced sweeping amendments to the Finance Bill 2026, removing the proposed Sh10-per-kilogram levy on locally produced sugar, reducing excise duty on imported...
Indiana launches tax amnesty eligibility tool, allowing taxpayers to check qualification for penalty-free relief program.
A technicality in the federal law enacted in July 2025 changed how deductions work for estates and trusts, creating uncertainty over how taxes are allocated after a person's death.
Rev. Proc. 2026-25 (June 29, 2026), 26 CFR 601.601; IRC §§ 530A, 2010, 2503, 2505, 2642, 2662, 6019 Under Revenue Procedure 2026-25, the Internal Revenue Service (IRS) has e...
Mikie Sherrill in November 2025. The proposal also reduces NJ's structural deficit. Big questions remain on business tax laws and relief for Jersey City. [ more › ]
An accuracy-related penalty was imposed on the tax deficiency.
This happened yesterday. On June 16, 2026, Governor J.B. Pritzker signed Illinois’ $56 billion state budget into law. Buried inside it was something the crypto industry never saw c...
According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to d...
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