Alternative Legal Services Markets Top $10 billion In Sales

The practice of law has changed, starting in London, and moving fast around the world. The four biggest law firms are the “Final Four” accounting firms, with law licenses in many countries and over 10,000 lawyer employees collectively. British solicitors (their term for non-trial lawyers, where trial lawyers are barristers) firms like Eversheds, Allen &…

Filings Required To Close Out An Illinois Business Entity

Just posted on Slideshare a detailed checklist of business actions, federal and state income and UI and sales tax forms to file, and entity-specific forms to file with the Business Services Division of the Secretary of State in order to close out an Illinois business entity. For details, see http://www.slideshare.net/wpriceiit/filings-required-to-close-out-an-illinois-business-entity

IRS Seizes Cash Deposits

The New York Times this week described an asset forfeiture case involving a restaurant with routine cash deposits of less than $10,000. http://www.nytimes.com/2014/12/14/us/irs-asset-forfeiture-case-is-dropped-.html?_r=0 Take-away: Get the information for a Form 8300, including taxpayer information numbers, for cash payments, even those involving non-terrorist items like Iowa eggs and bacon for breakfast, or risk equivalent (and unjustified) government…