Schaumburg is a village located in Cook County in northeastern Illinois. Schaumburg is located just under 30 miles (48 km) northwest of downtown Chicago and approximately 8 miles (13 km) northwest of O'Hare International Airport. As of the 2000 census, the village had a total population of 75,386. As of 2005, the population dropped slightly to 72,690, according to the Census Bureau. A special census conducted by Schaumburg in 2007 determines it had actually increased to 75,936. The city contains the world headquarters of Motorola and one of only two IKEA stores in Illinois. It contains the Woodfield Mall, the third-largest mall in America, which at most times has over 300 stores (however Woodfield has more recently also begun including strange services, such as a Currency Exchange and an optical area, which are counted towards this total). The city is also the home of the Schaumburg Flyers, a Northern League baseball team whose home is located near the Elgin O'Hare Expressway. Schaumburg's transition from a rural community to that of a suburban metropolis began with Alfred Campanelli's first large scale suburban-style development in 1959 and Woodfield Mall's opening on September 9, 1971. The dinner theater chain, Medieval Times, has one of its nine locations in America in Schaumburg. Examples of large suburbs similar to Schaumburg, IL include Lake Forest, CA and Framingham, MA, in terms of both population and suburban location.

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...