SALT & Pepper
Navigating a Chicago Audit and the Procedure for a Formal Protest
April 09, 2018
Authored by: Samantha Breslow
In:
State & Local Tax (SALT)Although not on the mind of most taxpayers, an audit by the City of Chicago Department of Finance ("Department") is a risk for any taxpayer who may be operating in the City or who enters Chicago for any business purpose. With a variety of unusual taxes, such as the Chicago Amusement Tax, Personal Property Lease Transaction Tax, and Real Property Transfer Tax, compliance is no easy task and an audit can come as an unwelcome surprise.
Read MoreAn Introduction to Illinois Audits and Appeals
April 03, 2018
Authored by: Christopher Lutz
In:
State & Local Tax (SALT)There's no way around it: Illinois is a complicated state in which to do business. This post is the first in a series that will address how to navigate even the most byzantine aspects of Illinois's tax structure. More specifically, this post will address the unique rules regarding tax audits and appeals throughout each stage in the state.
Read MoreCreditor’s Ability to Recover in the UK From Debt Owed Under Letters of Credit
March 29, 2018
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryYour client has a judgment or arbitral award and becomes aware of an unrelated contract where the judgment debtor is to be paid through letters of credit issued by a bank branch in the UK. Can you use that as a source of recovery? Judgment creditors need to be aware of another avenue of collection.
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