Dear Clients and Colleagues, As the tax year 2024 is closely coming to an end, we suggest that all our clients and colleagues consider potential year-end planning opportunities with respect to their investments, business holdings, and their overall individual wealth status with an eye towards tax planning strategies that may be available for both their […]

Timothy Liam Epstein was referenced in the WBEZ Chicago article entitled, “Pitchfork announced more VIP tiers for its 2024 festival. The internet booed” on March 19. 2024. “A shift in attitude among younger concertgoers may be stoking the demand for VIP pricing. Tim Epstein, a sports and entertainment attorney at Chicago’s Duggan Bertsch who represents […]

The Illinois Super Lawyers and Rising Stars is an honor reserved for those lawyers who exhibit excellence in practice.  Only 5% of attorneys in Illinois receive this distinction.  Attorneys are selected through a patented selection process involving nominations, research, and peer reviews.

Entrepreneurial spirit propels Epstein '04 to top of sports and entertainment field

Background: Congress enacted the Corporate Transparency Act (the “CTA”) on January 1, 2021, to help prevent and combat money laundering, terrorist financing, organized crime, and other illicit activity.  Effective January 1, 2024, the CTA will require most existing and newly formed corporate entities in the U.S. to file reports with the Treasury Department’s Financial Crimes […]

The U.S. Supreme Court recently issued its opinion on North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust, which addressed “….the limits of a State’s power to tax a trust.”  This is the first time in decades the Supreme Court has addressed this issue, and its decision could have significant implications for […]

At DUGGAN BERTSCH, LLC, we are often asked by clients to explain the process by which a taxpayer can establish a “new” state residency for income tax purposes.  Sometimes we are asked to explain the impact of moving to a new state altogether  or about the impact of remaining in your current state of residence while […]

Our firm represents both individuals as well as numerous and varied business entities.  While determining state tax obligations is always a complex process, when a taxpayer has income from sources in multiple states, the complexity greatly increases.  Past considerations relied upon “physical presence” as the main factor in determining tax reporting obligations – those days have quickly […]