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Illinois Taxes, Guidebook to (2017)
     

Illinois Taxes, Guidebook to (2017)

by CCH Tax Law Editors (Editor), Marilyn A. Wethekam, Fred O. Marcus, Jordan M. Goodman, David A. Hughes
 

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CCH's Guidebook to Illinois Taxes is the perfect resource for concise and reliable information for practitioners working with state taxation in Illinois. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, describing the general provisions of the respective tax laws and regulations and highlighting significant

Overview

CCH's Guidebook to Illinois Taxes is the perfect resource for concise and reliable information for practitioners working with state taxation in Illinois. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, describing the general provisions of the respective tax laws and regulations and highlighting significant cases and administrative rulings. This annual publication is useful to tax practitioners, in-state and multistate businesspersons, and those who are obligated to file Illinois returns or who are required to deal with Illinois taxes. Now in its 47th edition, this popular handbook is the one source those involved with Illinois taxation need for timely and accurate answers in a convenient and accessible desktop format. It presents concise coverage of the taxes of major interest including: - personal income tax - corporate income tax - sales and use taxes Other Illinois taxes are summarized, as well, including the administration and imposition of City of Chicago taxes, with particular emphasis placed on persons or transactions subject to the tax, the basis and rate of tax, and the new annual return provisions. The Guidebook includes additional practical tips, pointers and examples to practitioners by Marilyn A. Wethekam, Fred O. Marcus, Jordan M. Goodman, David A. Hughes, Brian L. Browdy, and C. Eric Fader of Horwood Marcus & Berk in Chicago. This valuable commentary helps practitioners further apply the complex principles of Illinois tax law to specific practice situations. For the user's convenience in determining what is new in the Illinois tax law, a special Highlights of Tax Changes section is included to provide at-a-glance awareness of key legislative developments in the law. While this handbook focuses on the law applicable to the filing of income tax returns in 2016 for the 2015 tax year, legislative changes effective after 2015 are also noted with an indication of the effective date to avoid confusion and to assist in future tax planning. Helpful references to both the Illinois and related federal provisions are provided throughout for those who wish to more fully examine explanations and text of the applicable law. Also, detailed Tables of Contents, Law and Regulations Finding Lists, a Topical Index, and an organized presentation of the content combine to make pinpointing critical information quick and easy. Detailed references to specific paragraphs in the comprehensive CCH Illinois Tax Reports service are also provided throughout the Guidebook to assist users in further, more comprehensive tax research and tax planning. A free link to the online version (PDF) of Multistate Corporate Tax Course for CPE 2015 is included. ABOUT THE CONTRIBUTING EDITORS: Marilyn A. Wethekam--practices in the area of state and local taxation, concentrating in state tax planning and the resolution of tax disputes on a nationwide basis for multistate and multinational corporations. She had 18 years of multistate tax experience with Mobil Oil Corp. and Montgomery Ward & Co., Inc. She assists multistate and multinational corporations in developing solutions for state tax problems, as well as in resolving disputes. She has formulated multistate audit strategies, drafted legislation and represented multistate corporations in income, franchise, sales and use, and miscellaneous tax matters in 30 states. Wethekam is a frequent lecturer before such groups as the Committee on State Taxation (COST), New York University Institute on State and Local Taxation and Georgetown University Institute on State and Local Taxation. She is currently a member of the advisory board of the Georgetown University Institute on State and Local Taxation, the CCH State Tax Advisory Board, and the advisory council of the National Institute of State and Local Taxation, and is a past Chair of COST. She received her B.A. in political science from Loyola University of Chicago, her J.D. from Illinois Institute of Technology Chicago-Kent College of Law, and her LL.M. in Taxation from John Marshall Law School. She is licensed to practice in Illinois and Texas. Fred O. Marcus--focuses his practice in state income, franchise, sales and use taxes. He has represented clients in 35 states and has achieved national recognition as one of the leading practitioners in the area. Working with some of the country's largest corporations, Fred has been involved in resolving disputes, developing company positions on tax legislation and audit issues, organizing and presenting testimony before state legislative and administration officials, formulating tax policy, and advising on tax consequences of acquisitions and dispositions. He has authored several articles on state taxation, including The Tax Management Portfolio entitled "Limitations on the States' Jurisdiction to Impose Net Income Based Taxes." He is a frequent lecturer before such groups as the Chicago Tax Club, the Tax Executives' Institute, the Illinois Institute for Continuing Legal Education and New York University's Institute on State and Local Taxation. Marcus is currently a member of the Illinois Department of Revenue's Practitioner Liaison Group, the ABA Section of Taxation's State and Local Tax Committee, the advisory council of the National Institute on State and Local Taxation, and the advisory board for The State and Local Tax Portfolio Series. He received his B.S. in accounting from the University of Illinois and his J.D. from the DePaul University College of Law. Jordan M. Goodman--concentrates his practice in state and local tax planning and the resolution of state and local tax controversies for multistate and multinational corporations. He advises businesses in various industries on the tax ramifications and benefits of various organizational structures, and also handles federal tax planning and controversy matters. Goodman is a member of the editorial board for The Journal of Multistate Taxation. He is also the co-author of the Tax Management Multistate Tax portfolio entitled "Sales and Use Taxes: The Machinery and Equipment Exemption." He is co-author of the chapters entitled "Illinois Corporate Income Tax" and "Illinois Sales and Use Taxes" for the Illinois Institute of Continuing Legal Education's publication Organizing and Advising Illinois Businesses, and the chapter entitled "Illinois Sales and Use Tax" in the ABA's Sales and Use Tax Handbook. In addition, Goodman has lectured on numerous state and local tax topics before business and professional associations, and has presented state and local tax seminars throughout the country. He received his B.S. in accounting with high honors from Indiana University and his J.D. from the University of Illinois College of Law. Goodman is also a Certified Public Accountant. David A. Hughes--concentrates his practice in the state and local tax area with special emphasis on income and sales and use tax matters. His work focuses primarily on the resolution of state and local tax controversies and tax planning for multistate and multinational corporations. Hughes is co-author of the chapter entitled "Illinois Sales and Use Tax" in the ABA's Sales and Use Tax Handbook and a co-author of a Tax Management Multistate Tax portfolio entitled "Illinois Sales and Use Taxes." He is on the Editorial Board of the Journal of Multistate Taxation and Incentives and is a frequent contributor to other state and local tax journals. Hughes is also the chair of the Chicago Bar Association's committee on state and local taxation and has presented state and local tax seminars throughout the country. He graduated magna cum laude with a degree in English from the University of Notre Dame and received his law degree from Columbia University C. Eric Fader--concentrates his practice in the state and local tax area. His work focuses primarily on the resolution of state and local tax controversies and tax planning for multistate and multinational companies. Fader earned his B.S. in Accounting from Bradley University and his J.D. from DePaul University College of Law. He is also a Certified Public Accountant.

Product Details

ISBN-13:
9780808044314
Publisher:
C C H, Incorporated
Publication date:
11/07/2016
Pages:
408
Product dimensions:
6.00(w) x 8.90(h) x 1.30(d)

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