Income Taxes

Last-Minute Tips To Lighten Your Tax Bill For 2014With less than two days until 2015, there are still a couple ways you could maximize your deductions, and ease your income tax bill for 2014.
Accountant: Union Status Could Be 'Hornets' Nest' For Northwestern PlayersWith 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.
Budget Watchdog Has Plan To Fix State FinancesMore 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.
Ex-Bear Zorich Pleads Guilty To Federal Tax ChargesThe 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.
Basic Errors That Can Delay Your Tax RefundMillions 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.
Former Bears, Irish Star Zorich To Plead Guilty To Failing To File TaxesFormer 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.
Opinion: Romney's 47% Don't Pay Taxes Remark Shows He's Exactly Who We Thought He WasThe 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.
Opinion: Romney’s 47% Don't Pay Taxes Remark Is 100% ControversyRomney 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.
Walter's Perspective: Shame On Senator Harry ReidIn 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.
Beavers Claims He Repaid Money At Center Of Tax Evasion CaseFacing 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.
Report: Poor Families Pay High Income Taxes In IllinoisPoor families face higher income taxes in Illinois than in all but a handful of other states, according to a new report.
Channahon Village President Admits To Not Filing Tax ReturnsThe village president of Channahon has admitted to failing to file federal income tax returns for four years.
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