Michael R Trauscht CPA PC
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As an experienced attorney who graduated from the University of Illinois College of Law in 1973, I have advised numerous clients on the various forms in which business can be conducted. I have prepared numerous wills and trusts for clients. I have represented probate estates in Cook County, DuPage County, Will County, and Lake County.

As a 1973 graduate of the University of Illinois College of Law, I have concentrated my practice in IRS and IDOR (Illinois Department of Revenue) examination and Appeals including numerous US Tax Court cases on behalf of individuals, corporations, partnerships, estates, and trusts.
Services
A position in accounting and/or corporate income taxation which allows an even mix of research and planning along with compliance management.
J.D., C.P.A. - More than 42 years of federal and international tax experience in both public and private accounting and industry with extensive background in tax reporting, I.R.S. audit exposure management and analytical tax accounting.
Creative executive with strong interpersonal skills.
As a Certified Public Accountant operate a business begun in 1981 which provides compilation services to 30-35 business clients and 160-180 individual tax clients.
As an experienced attorney who graduated from the University of Illinois College of Law in 1973, I have advised numerous clients on the various forms in which business can be conducted.
These forms include sole proprietorship, general partnership, limited partnership, limited liability partnership, corporation, professional corporation, limited liability company, and series limited liability company.
I have reviewed with various clients non tax considerations in selecting the form of business entity including limited liability, administrative requirements, and costs.
I have prepared numerous wills and trusts for clients.
I have represented probate estates in Cook County, DuPage County, Will County, and Lake County.
Following decedet's in death, there will be an initial meeting with decedet's family to determine which probate option is best: summary administration, independent administration, or supervised administration.
I will assist the executor or executrix in information gathering, inventory of safe deposit box content, filing the will in the appropriate court, completing insurance claim forms, and securing social security benefits and Veterans Administration benefits.
As an experienced real estate attorney, I assist clients in the purchase and sale of residential or investment real estate including review of the real estate contract, negotiation of home inspection issues, preparation or review of closing documents, clearing title exceptions, early occupancy agreements, and attendance at real estate closings.
I have a real estate agreement letter which spells out our fee and services normally covered in flat fee agreements.
As part of my standard agreement, I will review listing agreement (if provided prior to signing), title insurance policy commitment for any clouds on title, survey, payoff letter(s) for appropriate terms, and mortgage commitment letter (if provided prior to closing).At closing, I will review and explain all documents presented for your signature making sure you understand the basic requirements in the mortgage and mortgage note, affidavit of title, and closing statement.
As a 1973 graduate of the University of Illinois College of Law, I have concentrated my practice in IRS and IDOR (Illinois Department of Revenue) examination and Appeals including numerous US Tax Court cases on behalf of individuals, corporations, partnerships, estates, and trusts.
My tax experience spans forty-two years representing individuals and S&P 500 corporations with large international operations.
My current clients include food manufacturers, law firms, automobile insurance brokers, outdoor advertising sign business, real estate agents, computer resellers, talent agents, toxic materials consultants, software programmers, printers, pet store operators, aquarium service business, organic fertilizer company, food ingredient broker, and valet parking business.
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