The IRS has issued its 2018-2019 priority guidance plan. This is the list of projects to which is will give priority, assuming the shutdown ends within a reasonable time. These all relate … [Read more...]
What Is The Definition And Purpose Of A Charitable Trust In Chicago, IL?
In the process of planning your estate, you may decide to incorporate a favorite nonprofit to make sure they continue to receive your help. There is a way to do that, and it doesn’t involve making your survivors or beneficiaries write checks every month. A charitable trust lets you give a … [Read more...]
Getting Ready for Tax Time
With the start of a new year, it is time to get ready for tax season. Here are some things you need to know: The federal government shutdown does not affect your tax deadlines. It may affect when you get your refund. The IRS has stated that taxes must still be … [Read more...]
In Chicago, IL, Do Nonprofit Board Members get paid?
The short answer is: it depends. Generally, the question of payment is spelled out in the nonprofit’s bylaws by the individuals who form the organization. Nonprofit organizations are formed to help serve the public good. Any profits the organization makes go back into the coffers to continue … [Read more...]
What’s The Advantage Of Having A Living Trust Before Marriage In Chicago, IL?
If a wedding is in your immediate future, chances are estate planning isn’t on your list of things to do. But if you have significant assets, children to whom you plan to leave them to, or planning to have or adopt children, estate planning becomes important for both your intended spouse and any … [Read more...]