Illinois enacts new tax shelter legislation
By John B. Truskowski
State and Local Taxation,
October 2004
On July 30, 2004, Governor Blagojevich signed Senate Bill 2207 (Public Act 93-0840), which includes three sets of new tax shelter provisions that are now added to the Illinois Income Tax Act. 35 ILCS 5/101 et seq.
USX Corporation v. White (1st. Dist. 2004)
By John B. Truskowski
State and Local Taxation,
May 2004
The appellate court upheld the Illinois Secretary of State's determination that a reverse triangular merger was not a statutory merger for Illinois franchise tax purposes.
Envirodyne case summary
By John B. Truskowski
State and Local Taxation,
February 2004
In a rare decision by a federal appellate court involving Illinois taxes, the Seventh Circuit ruled that two subsidiaries of a holding company were not part of a unitary business group.
Follett Corporation v. Illinois Dept. of Revenue (4th Dist. 2003)
By John B. Truskowski
State and Local Taxation,
January 2004
The appellate court upheld the Circuit Court of Sangamon County's decision that Follett must include in the numerator of its sales factor sales from Illinois to a state in which Follett was not taxable, but another member of Follett's unitary business group was.
Illinois sales and use tax exemptions
By John B. Truskowski
State and Local Taxation,
November 2003
Recent legislation made significant changes to the Illinois sales and use tax exemptions. Some of the existing exemptions were repealed, while new ones were added.
Illinois transferee tax liability
By John B. Truskowski
State and Local Taxation,
December 2002
Illinois has three statutes that directly govern transferee liability for taxes when a purchaser buys assets from another party.
Recent Illinois unitary income tax cases
By John B. Truskowski
State and Local Taxation,
February 2002
Illinois imposes its income tax on a unitary basis. This means that all members of a unitary business group are treated as one taxpayer, and must file a combined return. 35 ILCS §§ 5/304(e0 and 5/502(e).
An update on business and non-business income
By John B. Truskowski
State and Local Taxation,
February 2002
The classification of a multi-state corporation's income as business or non-business income can have a significant impact on its overall state income tax liabilities.
Chairman’s corner
By John B. Truskowski
Federal Taxation,
June 2001
Representatives of the Federal Tax Section Council traveled to Washington, D.C. on May 10 to meet with legislative representatives of Senators Durbin and Fitzgerald and Representatives Hastert and Crane.
Chairman’s corner
By John B. Truskowski
Federal Taxation,
January 2001
This is the third issue of our newsletter for the 2000-2001 year. You should find the updates and articles of interest and helpful in your practice.
Chairman’s corner
By John B. Truskowski
Federal Taxation,
October 2000
At the September 8, 2000 meeting of the section council, we discussed a number of topics.
Corporate and partnership update
By John B. Truskowski
Federal Taxation,
June 1999
When an employer files for bankruptcy, it may eventually be discharged from its obligations to remit taxes it withheld from wages paid to its employees.
Corporate and partnership update
By John B. Truskowski
Federal Taxation,
February 1999
In 330 W. Hubbard Restaurant Corporation, d/b/a Coco Pazzo v. United States, N.D. Ill. No. 98 C 178, District Court Judge Marvin Aspen held that a restaurant was liable for FICA taxes on unreported tips.
Federal income taxes in bankruptcy
By John B. Truskowski
Commercial Banking, Collections, and Bankruptcy,
February 1999
How federal income taxes are handled in bankruptcy is unclear to most practitioners, including those concentrating in taxation, who do not practice in the bankruptcy area
Spot an error in your article? Contact Celeste Niemann at cniemann@isba.org. For information on obtaining a copy of an article, visit the ISBA Newsletters page.
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