Champaign is a city in Champaign County, Illinois, in the United States. The city is located 135 miles (217 km) south of Chicago, 124 miles (200 km) west of Indianapolis, Indiana, and 178 miles (286 km) northeast of St. Louis, Missouri. Though surrounded by farm communities, Champaign is notable for sharing the campus of the University of Illinois at Urbana-Champaign with its sibling city of Urbana. Thanks to the university and a number of well known technology startup companies, it is often referred to as the hub, or at least a significant landmark, of the Silicon Prairie. Champaign houses offices for seven Fortune 500 companies, and two more are planned to arrive soon. As reported in the 2000 U.S. Census, the city was home to 67,518 people. The city held a special census in 2007 that showed that its population had grown to 75,254. The mayor is Gerald Schweighart, whose term will expire in 2011.

Tax Law Lawyers In Champaign Illinois

Advertisement

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Illinois

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...