For the Illinois village previously known as Rantoul see Alma, Illinois Rantoul is a village in Champaign County, Illinois, United States. The population was 12,918 at the 2000 census; however, by 2007 it had shrunk to 12,402. The present mayor is Neal Williams, who was re-elected in 2009. The community was named after Robert Rantoul, director of the Illinois Central Railroad. In 1917, Rantoul was chosen to be the site of the Chanute Field due to its proximity to the Illinois Central railroad and the War Department’s ground school housed at the University of Illinois. In the 1930s, Chanute grew, dominating the local economy as thousands of Airmen were stationed there to train new recruits who cycled in and out. Renamed Chanute Air Force Base after World War II, the base was closed in 1993, and partly reoccupied by the Octave Chanute Aerospace Museum and the Rantoul National Aviation Center. The major employers in Rantoul are C.I. Telecom, JELD-WEN, Bell Sports, Bell Racing, Combe Laboratories, Eagle Wings Ind. , Conair Corporation, Microfilm Service, AT&T, and Pactuco.

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...