--- title: Trusted and Proven Law Firm with over 30 years of experience description: focused in Strategic Tax Planning, Asset Protection, Business Entity Structuring and Transactions, IRS Defense, Complex Estate Plans and Business Planning. image: https://www.richardcolombik.com/hubfs/branding/rmc-favicon.svg --- [![RMC-logo-svg](https://www.richardcolombik.com/hubfs/RMC-logo-svg.svg)](https://www.richardcolombik.com) - [Welcome](https://www.richardcolombik.com) - [Services](https://www.richardcolombik.com/services) - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) - [Company](https://www.richardcolombik.com/company) - [Insights](https://www.richardcolombik.com/articles) - [Contact](https://www.richardcolombik.com/contact) Search *Search* Search *Search* - [Welcome](https://www.richardcolombik.com) - [Services *Toggle Menu*](https://www.richardcolombik.com/services) - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) - [Company](https://www.richardcolombik.com/company) - [Insights](https://www.richardcolombik.com/articles) - [Contact](https://www.richardcolombik.com/contact) [*Facebook*](https://www.facebook.com/people/Richard-M-Colombik-Associates-PC/100063841561075/) [*LinkedIn*](https://www.linkedin.com/in/richard-colombik-9717b56) [*Twitter*](https://twitter.com/rcolombik) # Trusted & Proven ##### Richard M. Colombik & Associates, P.C. is a law firm concentrating in Strategic Tax Planning, Asset Protection, Business Entity Structuring and Transactions, IRS Defense, Complex Estate Plans and Business Planning. ![computer generated image - corporate income and financila issues](https://www.richardcolombik.com/hs-fs/hubfs/computer%20generated%20image%20-%20corporate%20income%20and%20financila%20issues.jpeg?width=1000&height=571&name=computer%20generated%20image%20-%20corporate%20income%20and%20financila%20issues.jpeg)   ## Richard M. Colombik #### A real Attorney CPA for over 30 years! The Law firm is headed by Richard M. Colombik, an award-winning Attorney, CPA with a Doctorate in Jurisprudence with Distinction, who was formerly on the tax staff of one of the world’s wealthiest families. #### RMC's Attorneys are trained to perform an in-depth review of a client's financial and tax situation. Richard M. Colombik & Associates provides services in all aspects of a general business and tax practice including Internal Revenue Service tax defense, estate planning, probate, income tax aspects of bankruptcy, as well as other related general legal services.   [Explore Our Services](https://colombik-21544902.hs-sites.com/services?hsLang=en) ![Hand about to bang gavel on sounding block in the court room-2](https://www.richardcolombik.com/hubfs/Hand%20about%20to%20bang%20gavel%20on%20sounding%20block%20in%20the%20court%20room-2.jpeg) ## Experience speaks for itself! We provide strategic tax planning, business planning and legal representation for clients throughout North America and various foreign jurisdictions.   [Get In Touch](https://colombik-21544902.hs-sites.com/contact?hsLang=en) ## Trending Now #### We are trusted, informational and industry thought leaders. ###### 15 min read #### [Subchapter J Federal Income Taxation of Estates and Trusts](https://www.richardcolombik.com/articles/subchapter-j-federal-income-taxation-of-estates-and-trusts?hsLang=en) May 3, 2022 by Richard M. Colombik Federal taxation of estates, trusts and the beneficiaries thereof present unique and complex circumstances which are not addressed by the three existing... ###### 25 min read #### [Offshore Trusts](https://www.richardcolombik.com/articles/offshore-trusts?hsLang=en) May 3, 2022 by Richard M. Colombik I. Introduction - An offshore trust is a primary legal tool involved in offshore planning. The offshore trust is generally a “self-settled trust.” This is a... ###### 12 min read #### [The Series Limited Liability Company](https://www.richardcolombik.com/articles/the-series-limited-liability-company?hsLang=en) May 5, 2022 by Richard M. Colombik The Delaware legislature created a new form of legal entity by amending their Limited Liability Company Act in 1996.1 This new entity was named “The Delaware... ###### 3 min read #### [Government Will Help You Buy Exotic Cars](https://www.richardcolombik.com/articles/government-will-help-you-buy-exotic-cars?hsLang=en) May 4, 2022 by Richard M. Colombik Or am I really limited to writing off only $2,960 in the first year? That is right, if you follow the advice and directions in this article the government will... ###### 5 min read #### [When Is Compensation Reasonable](https://www.richardcolombik.com/articles/when-is-compensation-reasonable?hsLang=en) May 3, 2022 by Richard M. Colombik A taxpayer is allowed a deduction for “a reasonable allowance for salaries or other compensation for services actually rendered.” IRC §162(A)(1). The payments... ###### 3 min read #### [Irrevocable Insurance](https://www.richardcolombik.com/articles/irrevocable-insurance?hsLang=en) May 5, 2022 by Richard M. Colombik The Revocable Living Trust is a trendy topic for seminar these days. When you strip away all the hype, however, the Revocable Living Trust is merely a device... [View More Articles](https://www.richardcolombik.com/articles?hsLang=en) ##### Contact Information **Richard M. Colombik & Associates, P.C.** Award-winning law firm   1701 E. Woodfield Rd. Suite #327, Schaumburg, IL 60173 Phone: [(630) 250-5700](tel:(630)%20250-5700) Fax: [(847)-908-8136](fax:8479088136) Email: [rcolombik@colombik.com](mailto:rcolombik@colombik.com) ##### Services - [IRS](https://www.richardcolombik.com/services/irs) - [Tax Reduction Planning Services](https://www.richardcolombik.com/services/tax-reduction-planning-services) - [Business Entity Structuring and Transactions](https://www.richardcolombik.com/services/business-entity-structuring-and-transactions) - [Asset Protection](https://www.richardcolombik.com/services/asset-protection) - [Real Estate](https://www.richardcolombik.com/services/real-estate) - [Estate Planning](https://www.richardcolombik.com/services/estate-planning) - [Retirement Planning](https://www.richardcolombik.com/services/retiremen-plans) [![RMC-logo-white-gold](https://www.richardcolombik.com/hubfs/branding/RMC-logo-white-gold.svg)](https://www.richardcolombik.com) - [Terms of Use](https://www.richardcolombik.com/terms-of-use) - [Privacy Policy](https://www.richardcolombik.com/privacy-policy) © 2026 Richard M. Colombik & Associates, P.C. All Rights Reserved. The information on this website is not legal or tax advice and does not create an attorney-client relationship. [*Facebook*](https://www.facebook.com/people/Richard-M-Colombik-Associates-PC/100063841561075/)[*Twitter*](https://twitter.com/rcolombik)[*LinkedIn*](https://www.linkedin.com/in/richard-colombik-9717b56) *Return to Top* ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "contentUrl" : "https://21544902.fs1.hubspotusercontent-na1.net/hubfs/21544902/videos/Richard-Colombik.mp4", "dateModified" : "2022-04-08T15:03:38.609Z", "duration" : "PT31S", "height" : 626, "name" : "Richard-Colombik", "thumbnailUrl" : "https://api-na1.hubapi.com/filemanager/api/v3/files/thumbnail-redirect/70421800375?portalId=21544902&size=medium&t=1649430218796", "uploadDate" : "2022-04-06T14:49:21.836Z", "width" : 840 } ```