Category: Illinois tax issues

Illinois Request for Business Income or Loss Verification Notices

Posted on by Steve Trojan, CPA

Have you received an Illinois Request for Business Income or Loss Verification Notice? Earlier in 2017, the Illinois Department of Revenue has started sending these letters out to taxpayers. It appears Illinois is targeting taxpayers with sole proprietorship businesses running at a loss. Obviously, losses reduce Illinois taxes and, in some cases, can increase the Illinois […]

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