Skip to main content
Add Me To Your Mailing List

Welcome to The Chicago Tax Club

The Chicago Tax Club, organized in 1933, is a nonprofit association consisting of individual tax professionals employed by corporations and other businesses. The principal function of our organization is providing educational and networking events, in order to assist our members in identifying and resolving tax compliance, planning and audit issues relating to their employers.

The Club is dedicated to the professional development of our members, promoting an interchange of ideas and mutual assistance among members and providing the opportunity to participate in accredited continuing professional education programs (CPE and CLE). The Club also fosters the highest standards of integrity, competence and professional ethics and it recognizes that an atmosphere of mutual trust and confidence must prevail among the membership, other tax professionals, employers and government tax administrators.

Our April Meeting
will be held on
Monday, April 2, 2018

Hamburger University, Oak Brook, IL

View / Register
Members: Login first for member pricing 



Illinois Personal Service or Reasonable Compensation Deduction

The Illinois replacement tax allows an LLC or partnership to deduct from its base income ‘‘personal service income’’ or a reasonable allowance for compensation paid or accrued for services rendered by the partners. In an article titled To Deduct or Not Deduct: The Illinois Personal Service Income Conundrum, which was published in Bloomberg Tax Reports, David A. Hughes and Samantha K. Breslow of Horwood Marcus & Berk Chartered discuss recently proposed regulations seeking to clarify the deduction and what taxpayers should do in preparing for future audits. Click here to read it.



Ohio and Rhode Island State Amnesty Programs to End February 15, 2018

The Ohio Department of Taxation and the Rhode Island Division of Taxation are running tax amnesty programs for a variety of state taxes, set to end February 15, 2018. Ohio Tax Amnesty opened January 1, 2018 and is available to eligible taxpayers that have unreported or underreported taxes that were due and payable prior to May 1, 2017. For taxpayers who fully pay qualifying tax delinquencies, the Ohio DOT will waive penalties and half of the interest normally charged. The Rhode Island Tax Amnesty Program opened December 1, 2017 and applies to any taxable period ending on or before December 31, 2016. For qualified taxpayers, the Rhode Island Tax Administrator generally will not seek civil or criminal prosecution, will waive penalties, and will reduce the applicable interest rate by 25%. For more information about these tax amnesty programs visit:

Supreme Court Agrees to opine on the South Dakota v. Wayfair Online Sales Tax Case

On January 12, 2017, the U.S. Supreme Court agreed to hear the case of South Dakota v. Wayfair Inc., paving the way for a potentially decisive verdict in the ongoing debate over how to apply sales taxes to remote/online seller activity.  Under current Supreme Court precedent (Quill v. North Dakota), remote/online retailers are not required to collect sales taxes unless they have a physical presence in a state. A number of states have proposed or passed anti-Quill legislation to assert economic nexus standards.  Traditional brick-and-mortar retailers that are required to collect sales taxes feel that they are at a competitive disadvantage and the states are potentially losing tens of billions of dollars in sales tax revenue annually. Will the Supreme Court issue new guidance overturning Quill or will they reaffirm necessary limitations on the states authority to tax remote sales?  A ruling could be announced as early as this summer.  Stay tuned!


Jim Tauber, Managing Director-Andersen Tax LLC 

Illinois Unclaimed Property Update

The Illinois General Assembly passed landmark legislation on 7/6/17 that enacts the new Illinois Revised Uniform Unclaimed Property Act (“IL RUUPA”).  The IL RUUPA makes sweeping changes to Illinois unclaimed property reporting and administration including: (a) elimination of business-to-business exemption, (b) imposes extrapolation penalty for failure to retain records, (c) creates 5-year transitional period, (d) reduces dormancy periods from 5 years to 3 years for many property types, and (e) compensates 3rd party auditors up to 15% contingent fee on assessments, amongst many other changes.  The IL RUUPA is effective 1/1/2018.  More information available in State Tax Notes name and ID login required to access article)


Submitted by: Joseph R. Carr, Partner & National UP Practice Leader, BDO USA LLP



2018 Tax Reform – State & Local Tax Deduction Limitation

As part of the 2018 tax reform package, Congress is limiting the state and local tax deductions (income tax, sales tax, property tax) that taxpayers can claim on their federal returns.  Congress is also generally prohibiting taxpayers from pre-paying their 2018 income tax in 2017.  This restriction, however, does not apply to pre-payment of 2018 property taxes in 2017 in order to take full advantage of the deduction.  Taxpayers should check with the property tax administrator in their county to see if pre-payment of 2018 taxes is an option.  Note that pre-payment of 2018 property taxes might not be beneficial if a taxpayer is in an AMT position.  


Submitted by: Shawn Kane, Managing Partner-Crowe Horwath LLP

In Memoriam

The following Chicago Tax Club members and distinguished speakers have passed away recently.
We remember them with gratitude for their friendship and their service to our club.

CTC Member and Director - Kevin Mullen

CTC Member – Paul Bauer

CTC Member & Past CTC President Norm Dupont

Speaker – Paul Frankel, Morrison & Foerster

Speaker – Tom Donohoe, McDermott Will & Emery


New Members - If you are a corporate tax professional and would like to join our organization, please apply online.

Members - Membership to the Club expires at December 31. We hope that you will continue to support our organization by renewing your membership.


2018 Events

February 26
February Meeting    Gleacher Center
Chicago, IL
April 2
April Meeting Hamburger University
Oak Brook, IL
May 7
May Meeting
(with COST)
Meridian Banquets
Rolling Meadows, IL
June 28
Summer Seminar Saddle & Cycle
Chicago, IL
Tuesday - Wednesday 
November 6 - 7
Fall Seminar Stephens Convention Center
Rosemont, IL
December 7
Winter Meeting TBD