by Sandra Mertens | Oct 6, 2025 | GCK on Law
With Illinois Governor JB Pritzker signing House Bill 2755 on June 16, 2025 and the subsequent updates from the Illinois Department of Revenue, the fall of 2025 brings new opportunities for individuals and businesses to resolve past tax liabilities through limited...
by Sandra Mertens | Sep 16, 2025 | GCK on Law
Tax law provides that gross income includes all income from whatever source derived, including income arising from a settlement agreement. 26 U.S.C. §61(a). Any deductions or exclusions from this general rule are a matter of legislative grace, which means that...
by Sandra Mertens | Aug 1, 2025 | GCK on Law
In January of 1968, Patrick Piton wrote a will which left his estate to his parents provided that they survive him, then to his siblings provided that they survive him, and then to his niece and nephews in equal shares. During his lifetime, Patrick named his siblings,...
by Sandra Mertens | Feb 20, 2025 | GCK on Law
For those following the ping-pong match in the federal courts, as of February 17, 2025, the Corporate Transparency Act (“CTA”) has bounced back to the government’s side and is again in effect, requiring all “reporting companies” to file an “initial” and any required...
by Sandra Mertens | Dec 9, 2024 | GCK on Law
As discussed in our previous article: Is the Corporate Transparency Act Constitutional?, the constitutionality of the Corporate Transparency Act (“CTA”) has been challenged in several different cases. The first case to reach a result was National Small Business United...
