Question:   I have historically itemized my deductions on my personal income tax returns, a meaningful portion of which consist of charitable contributions. What if anything can I do now that my charitable contributions will not provide any tax benefit to me?

Question: I am a partner in a two-person partnership which holds two condominium units for rental.  Can we dissolve our partnership without paying tax on the appreciation in the condominium units?

Question: I own a 50% membership interest in a limited liability company (“LLC”) which is taxed as a partnership and I also own stock in a S corporation. The corporation advanced funds to the LLC in 2017.  Since the LLC is no longer in business, do I as a LLC member have to report income from the non-repayment of the advance?

Question: I will be renting out my vacation home for part of the 2018 year.  If I have income from the rental, do I have to pay tax on the income? Alternatively, if I have a rental loss, can I deduct the loss?

Question: With most of my estate consisting of cash in a bank account, I am considering retitling the account in joint tenancy with my daughter who is my only child. Isn’t this much simpler than preparing a Will and having my assets probated?

Question: I recently lost my job and need to withdraw funds from my somewhat sizeable individual retirement account for living expenses. Since I have not yet attained age 59 ½, is there a way to avoid the 10% penalty tax on my IRA distributions?

Question: I am unwinding the cross-purchase buy/sell agreement I have in place with the other 50% owner of my corporation.  What are the tax consequences when we receive back from each other the policies of insurance on our lives?

Question: I intend to purchase real estate for the business operated by my S corporation. Should I purchase the property in the corporation’s name?

Question: I am buying a minority interest in a three member limited liability company which owns appreciated real estate.  If the property is sold, will I be taxed on the appreciation that occurred prior to my purchase?

Question: I am recently divorced in Illinois and wondering how my estate plan documents need to be modified as I no longer wish to provide for my spouse.