Doing your taxes is a stressful yearly endeavor for some. This is especially true for individuals who have complex income, housing or family situations among other contributing factors. The more you have to keep track of, the higher your likelihood of making a...
Month: January 2021
Property tax abatement for the renovation of industrial buildings
Cook county offers a property tax abatement for owners of industrial buildings who perform a major property rehabilitation. The purpose of this incentive is to encourage industrial development. The county normally assesses industrial real estate at 25% of its market...
Should you have representation during a property tax appeal?
As a property owner, you are likely to have concerns about how high your property tax rate is. It is possible that the tax assessor has incorrectly determined the value of your property. If you have gathered evidence to appeal your assessment, you may wonder if you...
How can you avoid an income tax audit?
Doing your taxes is already taxing enough. Adding a potential audit to the mix only makes things more stressful. There are many different reasons the Internal Revenue Service (IRS) may flag you for an audit. While there is no true way to completely eliminate the...