Date Change for September 10th seminar is now October 29th.
Read more...News
Firm News
Our Elizabeth office location has moved to 151 N. Main St., Elizabeth.
Read more...2024 Tax Updates
Each year brings updates to the federal tax exemptions and mileage reimbursement rates. The annual gift tax exclusion amount for gifts in 2024 increases to $18,000 per recipient. This means that individuals can make gifts of up to $18,000 to any number of recipients without being required to report the gifts to the IRS. The […]
Read more...Prohibition Against Video Conferences While Driving
Illinois passed a new law prohibiting the use of electronic devices for video conferencing purposes while driving. This includes, but is not limited to, Zoom, Microsoft Teams, Facetime, Snapchat, and Facebook. This restriction applies not only to cell phones, but also to tablets, laptops, and any other portable electronic devices.
Read more...Corporate Transparency Act
As a reminder, there is a new requirement for LLCs and Corporations to file a report with FinCEN. Reporting entities existing before 2024 must file a report with FinCEN including company and Beneficial Owner information before January 1, 2025. Entities formed on or after January 1, 2024, must file a report with FinCEN within ninety […]
Read more...Estate Planning for Retirement Accounts
As retirement accounts, including 401(k), 403(b), IRAs and Roth IRAs, have become the dominant way to save for retirement, they may make up an increasingly large share of a family’s assets. Because of this, retirement accounts are one of the more important parts of an estate plan. Due to the special tax treatment of retirement […]
Read more...Labor Protections for Children On Social Media
In a first-in-the-nation law, Illinois now requires that the parents or guardians, of children under age sixteen who are featured in social media content that produces income, to set aside a portion of the income for the child and hold the money in trust until the child reaches adulthood. The bill was the result of […]
Read more...Intern or Associate Wanted
Plager, Krug, Bauer, Rudolph & Stodden, Ltd. is seeking a law student or recent law graduate to join the firm as an intern or associate. If you are interested in joining our general civil practice serving the people and businesses of Northwest Illinois, please send a resume, transcript, and writing sample to 10 North Galena […]
Read more...Illinois Law Update
A number of new laws were passed in the recently completed legislative session. The noteworthy laws include: Dog Breed Insurance Underwriting Protection Act: The Act, which took effect June 9, 2023, prohibits insurers from canceling, charging an increase in premiums, or refusing to issue or renew homeowner’s or renter’s liability insurance policies based solely on […]
Read more...New Disclosure Requirement for Most LLCs and Corporations
Any US corporation, LLC, or similar entity that was formed by filing a document with the secretary of state or similar agency in the state of formation, or formed in a foreign jurisdiction and registered to do business in the US, must report annually to FinCEN. The Corporate Transparency Act (CTA) was passed by Congress […]
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