The New Concealed Carry Law in Illinois

Author: Joe Pioletti Posted on: . Filed in: Updates.

Pioletti & Pioletti Concealed Carry Illinois

In 2013 Illinois became the final state in the country to authorize some form of concealed carry of a firearm. Effective January 5th 2014, people 21 years of age who have completed the required 16 hours of training can begin applying for a permit. As recently as early January 2014 the wording of the new… Read More »

Tweeting Names of People Arrested for DUI

Author: Joe Pioletti Posted on: . Filed in: Criminal Law.

Pioletti & Pioletti Riverside DUI Tweets

One Illinois police department has decided that being arrested for drunk driving by itself is not embarrassing enough. To make sure you are fully humiliated they are going to tweet your name so that the whole world knows. In order to deter people from drinking and driving, the Riverside Police Department has decided to engage… Read More »

Section 1031 Exchanges: Deferring Taxable Gain on the Sale of Property

Author: Joe Pioletti Posted on: . Filed in: Tax.

Pioletti & Pioletti 1031 Exchange

Whenever you sell business or investment property for a gain you typically have to pay tax on that gain. The IRS has created an exception to this rule known as the Section 1031 exchange. These exchanges are also referred to as like-kind exchanges, deferred exchanges, tax free exchanges, and Starker exchanges. If at the time… Read More »

Section 1031 Exchanges: Swap Till You Drop

Author: Joe Pioletti Posted on: . Filed in: Real Estate.

Pioletti & Pioletti Exchange Drop

TURNING A TAX DEFERRAL INTO A TOTAL TAX AVOIDANCE Section 1031 Exchanges: Swap Till You Drop Previously we looked at the requirements and mechanics of a Section 1031 Exchange. For a better understanding of the basic operation of 1031 exchanges please check out that article. Here we look at one aspect of Section 1031 Exchanges… Read More »

The Real Cost of a DUI in Illinois

Author: Joe Pioletti Posted on: . Filed in: Criminal Law.

Pioletti & Pioletti DUI Illinois

Getting a DUI is expensive. I would guess most people already figured that. But how expensive is it? In 2013 the Illinois Secretary of State published a study that estimated the average DUI in Illinois ends up costing the driver a whopping $16,580 before it’s all said and done.[1] That’s excluding any costs associated with… Read More »