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Income Taxes

Kain Colter. (David Banks/Getty Images)

Accountant: Union Status Could Be ‘Hornets’ Nest’ For Northwestern Players

With the National Labor Relations Board’s regional director in Chicago deciding Northwestern University football players qualify as employees of the university comes the question of whether they’d have to pay taxes on their scholarships.

03/27/2014

Illinois State Capitol

Budget Watchdog Has Plan To Fix State Finances

More than three weeks ahead of the governor’s budget address, a government watchdog group has issued its own plan for bringing state finances back to good health.

03/03/2014

Former Chicago Bears player Chris Zorich arrives at the Dirksen Federal Courthouse, to plead guilty to charges of not filing federal income tax returns from 2006 to 2009. (Credit: CBS)

Ex-Bear Zorich Pleads Guilty To Federal Tax Charges

The 43-year-old faced four misdemeanor counts of not filing federal income tax returns from 2006 to 2009. Over that time, he allegedly made more than $1 million, including income from a charity he founded.

03/14/2013

Photo Credit: Thinkstock.com

Basic Errors That Can Delay Your Tax Refund

Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.

03/11/2013

Former Chicago Bears defensive tackle Chris Zorich in 1995. (Credit: Jonathan Daniel/Getty Images)

Former Bears, Irish Star Zorich To Plead Guilty To Failing To File Taxes

Former Chicago Bears and Notre Dame star Chris Zorich has agreed to plead guilty to federal charges of failing to file tax returns for four years.

03/07/2013

Mitt Romney (Photo credit: NICHOLAS KAMM/AFP/GettyImages)

Opinion: Romney’s 47% Don’t Pay Taxes Remark Shows He’s Exactly Who We Thought He Was

The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.

09/19/2012

Mitt Romney (Photo credit: NICHOLAS KAMM/AFP/GettyImages)

Opinion: Romney’s 47% Don’t Pay Taxes Remark Is 100% Controversy

Romney thought he was talking amongst his teammates in the locker room last May 17 only to find out that there was somebody on the other team hiding behind the lockers. Had he known a member of the other team was lurking back there, he would have chosen his words more carefully and had presented more carefully-chosen data than the data of which he swiftly generalized.

09/19/2012

Walter Jacobson

Walter’s Perspective: Shame On Senator Harry Reid

In the yucky ugly bottom of the mud in the race for president, I say bravo to the chairman of the Illinois Republican Party. Good for Pat Brady, calling U.S Senate Majority Leader Harry Reid a dirty liar.

CBS 2–08/07/2012

Cook County Commissioner William Beavers, flanked by attorneys Victor Henderson and Sam Adam Jr., tells reporters he has proof that will refute charges he failed to pay income taxes on $68,000 he borrowed from his campaign funds. (Credit: Dana Kozlov/CBS)

Beavers Claims He Repaid Money At Center Of Tax Evasion Case

Facing income tax evasion charges, Cook County Commissioner William Beavers lambasted federal prosecutors on Thursday, claiming he has evidence the charges against him are trumped up.

CBS Chicago–07/05/2012

Photo Of $20 And $10 Bills. (AP Photo)

Report: Poor Families Pay High Income Taxes In Illinois

Poor families face higher income taxes in Illinois than in all but a handful of other states, according to a new report.

CBS Chicago–11/17/2011

Joe Cook

Channahon Village President Admits To Not Filing Tax Returns

The village president of Channahon has admitted to failing to file federal income tax returns for four years.

CBS Chicago–10/25/2011

Illinois Gov. Pat Quinn and New Jersey Gov. Chris Christie

N.J. Governor Calls Quinn ‘A Disaster’

A war of words between Illinois Gov. Pat Quinn and New Jersey Gov. Chris Christie has heated up, as Christie called Quinn “a disaster” and Quinn’s office criticized New Jersey’s dismal record of creating jobs.

CBS Chicago–03/04/2011