TAX RELIEF AND REPRESENTATION LAW FIRM LOCATED IN BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WE REPRESENTED A PERSON WHO WAS INVOLVED IN TAX FRAUD/BANKRUPTCY FRAUD. THE TAX FRAUD HAD TO DO WITH RECEIVED PAYOFFS OR KICK-BACKS FROM A LOCAL SCHOOL BOARD IN REGARD TO CONTRACTS. THE BANKRUPTCY FRAUD HAD TO DO WITH THE CLIENT NOT FULLY DISCLOSING ALL ASSETS, AND THEIR VALUES, WHEN HE FILED HIS BANKRUPTCY CASE, APPARENTLY FEARING THAT HIS LIMITED BANKRUPTCY EXEMPTIONS WOULD NOT PROTECT ALL PROPERTY THAT HE HAD ACCUMULATED, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS CRIMINAL TAX AND CIVIL TAX LAW FIRM, AVAILABLE TO REPRESENT CLIENTS FROM WATERLOO, MONROE COUNTY, NASHVILLE, WASHINGTON COUNTY, BREESE, CLINTON COUNTY, ILLINOIS.
We had a client that received monies from long-time friends and elderly individuals. They thought they were making investments into a strategy that would payoff handsomely for them. The client thought she could treat monies received as loans. However, she did not give written promissory notes at the time monies were received and there was no stated rate of interest. The Internal Revenue Service took the position that the monies received were not loans, but were investments or profits, and that the client should have declared income in the year received, and paid appropriate taxes. Not only did the client have to pay taxes, penalties and interest, she was also sued by the so-called investors when she was unable to repay the amounts they paid to her.
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BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS FAMILY LAW ATTORNEYS, ESTABLISHED LAW FIRM PROVIDING EXPERIENCED REPRESENTATION IN REGARD TO DIVORCE SETTLEMENTS, CONTESTED DIVORCES, CHILD CUSTODY LITIGATION, ELDER LAW ISSUES, PATERNITY AND CHILD SUPPORT, ADOPTIONS, NURSING HOME CASES, MEDICAID PLANNING, ORDERS OF PROTECTION, POST-DIVORCE ISSUES, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS TAX LAW COUNSELORS AND LAW FIRM, AVAILABLE TO REPRESENT CLIENTS FROM QUINCY, ADAMS COUNTY, HAMILTON, HANCOCK COUNTY, RUSHVILLE, SCHUYLER COUNTY, ILLINOIS.- METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS LAW FIRM PROVIDING EXPERIENCED REPRESENTATION IN REGARD TO ISSUES WITH TRUST COMPANIES, CREDIT UNIONS, BANKS, REGIONAL BANKS, STOCK BROKERAGE FIRMS AND OTHER FINANCIAL INSTITUTIONS, AVAILABLE TO REPRESENT CLIENTS FROM CHESTER, RANDOLPH COUNTY, DU QUOIN, PERRY COUNTY, WEST FRANKFORT, FRANKLIN COUNTY, ILLINOIS.
- $5,000,000.00+ EXTRAORDINARY RESULT! BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WILL, GUARDIANSHIP, TRUST, GUARDIANSHIP LAW FIRM, OVER FORTY (40) YEARS OF EXPERIENCE HANDLING SERIOUS WILL, TRUST AND ESTATE ISSUES, INCLUDING RELATING TO TRUST COMPANIES MISINTERPRETING DOCUMENTS AND TAKING POSITIONS CONTRARY TO THE INTERESTS OF CLIENTS OR FAMILY MEMBERS. WE WERE HIRED BY FAMILY MEMBERS IN REGARD TO A TRUST THAT EXISTED FOR APPROXIMATELY THIRTY (30) YEARS. AFTER THE LAST TO DIE OF THE SETTLORS, WHO WERE HUSBAND AND WIFE, THE CORPORATE FIDUCIARY DID NOT WISH TO RELEASE FUNDS TO THE ADULT BENEFICIARIES. THE CORPORATE FIDUCIARY TOOK THE POSITION THAT THE SETTLOR, THE SURVIVING WIFE BEFORE SHE DIED, DID NOT PROPERLY EXECUTE A SPECIAL POWER OF APPOINTMENT BEFORE SHE PASSED AWAY. IF THE TRUST COMPANY WAS RIGHT, THEY WISHED TO CONTINUE TO ADMINISTER THE TRUST FOR THE REMAINING LIFETIMES OF THE SURVIVING CHILDREN OF THE PREDECEASED SETTLORS, WHICH WOULD HAVE MEANT IN EXCESS OF $5,000,000.00 WOULD HAVE REMAINED IN TRUST FOR AN ESTIMATED ANOTHER TWENTY (20) YEARS OR MORE, WITH THE CORPORATE FIDUCIARY CONTINUING TO RECEIVE FEES IN EXCESS OF $100,000.00 EACH YEAR, FOR APPROXIMATELY ANOTHER $2,000,000.00+ OVER THE COURSE OF ANOTHER TWENTY (20) YEARS OR MORE OF EXISTENCE OF THE TRUST. A RESOLUTION WAS REACHED WITH AN ESTATE ADMINISTRATION PROCEEDING IN ST. CLAIR COUNTY, ILLINOIS WHEREBY THE CORPORATE FIDUCIARY AGREED WITH THE POSITION AND/OR REQUESTS OF OUR CLIENTS AND AN ORDER WAS ENTERED IN FAVOR OF OUR CLIENTS WHICH ALLOW FOR THE ESTATE ADMINISTRATION TO PROCEED TO CONCLUSION WHICH ALLOWED FOR THE TRUST ADMINISTRATION TO PROCEED TO CONCLUSION WITH EACH OF THE CHILDREN TO RECEIVE IN EXCESS OF $1,400,000.00 EACH INCOME TAX FREE INCLUDING BECAUSE OF A STEP UP IN TAX BASIS AS OF THE DATE OF DEATH OF THE LAST TO DIE OF THE SETTLORS OF THE TRUST. AVAILABLE TO REPRESENT CLIENTS FROM JOHNSON COUNTY, VIENNA, CYPRESS AND GOREVILLE, POPE COUNTY, GOLCONDA, EDDYVILLE AND DIXON SPRINGS, HARDIN COUNTY, ROSICLARE, CAVE-IN-ROCK AND ELIZABETHTOWN, ILLINOIS.
- TAX LAW FIRM LOCATED IN BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WE REPRESENTED AN INSURANCE AGENT IN SOUTHERN ILLINOIS THAT WAS CHARGED WITH NOT FILING TAX RETURNS AND/OR FILING FALSE TAX RETURNS WITH THE STATE OF ILLINOIS. THE INSURANCE AGENT WAS A PERSON OF HIGH STANDING AND REPUTE IN HIS COMMUNITY. HE WAS A GOOD FAMILY MAN, ATTENDED CHURCH REGULARLY AND WAS ACTIVE CIVICALLY IN HIS TOWN. HOWEVER, WITHOUT ANY JUSTIFIABLE REASON, HE SIMPLY CHOSE TO STOP FILING TAX RETURNS. BY THE TIME HE WAS INVESTIGATED BY SPECIAL AGENTS WITH THE ILLINOIS DEPARTMENT OF REVENUE, PSYCHOLOGICAL AND PSYCHIATRIC DEFENSES WERE CONSIDERED, SINCE THE CLIENT HAD NO PRIOR CRIMINAL RECORD AND WAS A SUCCESSFUL BUSINESS PERSON OF CONSIDERABLE SUBSTANCE AND WEALTH. THE ILLINOIS DEPARTMENT OF REVENUE TOOK THE POSITION THAT THE TAXPAYER HAD A FINANCIAL MOTIVE – HE SIMPLY WISHED TO KEEP THE MONEY INSTEAD OF PAYING TAXES, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS TAX LAWYER AVAILABLE TO REPRESENT CLIENTS FROM TAYLORVILLE, CHRISTIAN COUNTY, SULLIVAN, MOULTRIE COUNTY, SHELBYVILLE, SHELBY COUNTY, ILLINOIS.
- ORDERS OF PROTECTION, NO STALKING ORDERS, LAW FIRM REPRESENTING CLIENTS FROM THE PINCKNEYVILLE, PERRY COUNTY, ILLINOIS AREA.
- NURSING HOMES, RETIREMENT FACILITIES, SENIOR CITIZEN CENTERS, COVID-19, CORONAVIRUS ISSUES, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS LAW FIRM AVAILABLE TO REPRESENT CLIENTS FROM WATERLOO, MONROE COUNTY, NASHVILLE, WASHINGTON COUNTY, BREESE, CLINTON COUNTY.
