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Tax

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Protesters Slam Walgreens For Considering Swiss Tax Shelter

Walgreens recently merged with a foreign company, which allows it to take advantage of a tax loophole and move — on paper. CBS 2′s Dorothy Tucker reports.

49 mins ago

Illinois House Speaker Michael Madigan

Illinois Speaker Proposes Education Tax On Millionaires

Powerful Democrat Michael Madigan announced the idea just as one of the nation’s most competitive governor races is heating up between Republican Bruce Rauner, a wealthy private-equity investor, and Democratic Gov. Pat Quinn.

03/20/2014

A Canadian National freight train idles on Wisconsin Central railroad tracks near Rosemont, Illinois. (File photo by Tim Boyle/Newsmakers)

Emanuel, Other Mayors Support Safety Fee On Hazardous Rail Shipments

Rahm Emanuel often brags about Chicago being a major rail hub. But at the same time, he’s talking about increasing the railroads’ cost of passing through Chicago. CBS 2 Chief Correspondent Jay Levine reports.

01/23/2014

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Wilmette To Study Tax Assistance For Low-Income Residents

The Wilmette village board is expected Tuesday night to set up an ad-hoc committee to study ways to continue providing rental, mortgage and property tax assistance to low-income residents of the North Shore suburb.

12/10/2013

A woman lights up. (file/AFP Getty Images)

Proposed Cigarette Tax Would Give City Highest Rate In Nation

Mayor Rahm Emanuel wants to raise the cigarette tax by 75 cents a pack — leaving Chicago with a combined state and local tax rate of $7.42 a pack, the highest in the nation, City Hall sources said Friday.

10/19/2013

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Pick-A-Side: Who Is Your Favorite Celebrity Tax Dodger?

04/15/2013

Parking Garage

Aldermen Back Plan To Adjust Parking Garage Tax Rates

WBBM Newsradio Political Editor Craig Dellimore reports the higher taxes would mean some motorists would pay more to park at Chicago garages, while some would end up paying less.

WBBM Newsradio–04/09/2013

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A Look At The Craziest Tax Write-Offs

It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for taxpayers.

04/02/2013

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How (Not) To Get Audited

It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman.

03/25/2013

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What Triggers an IRS Tax Audit?

The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.

03/25/2013

Cook County Commissioner William Beavers speaks to reporters at the Dirksen Federal Courthouse on March 11, 2013, as proceedings got underway in his trial on tax evasion charges. (Credit: CBS)

William Beavers Found Guilty In Tax Trial

A jury has found William Beavers guilty in his tax corruption trial.

03/21/2013

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What To Do With Your Tax Refund

Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.

03/18/2013

Refund Money

Where’s My Refund? IRS Tool Answers That Question

The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.

03/18/2013

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Tax Prep: Don’t Miss These Juicy Credits and Deductions

The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam.

03/11/2013

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Prepare Taxes Online Like A Pro

If you’re preparing your own taxes you should definitely do what the professionals do: use tax preparation software.

03/04/2013

1040 Form Images

As The Tax Man Cometh, Tips For Getting Ready

The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.

03/04/2013

Tax App

Need Tax Help? There’s An App For That

There are lots of websites and software available, but you may not have thought of smartphone apps for doing your taxes.

03/01/2013

Tax Forms

Download Tax Forms & E-File Info: One-Stop Shop

For easy filing this year download all your Federal Tax Forms from our one-stop shop.

03/01/2013

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Preckwinkle Dumps Bullet Tax Plan, Keeps Gun Tax

Cook County gun owners have dodged a bullet, as County Board President Tony Preckwinkle has dropped her plan to impose a new ammunition tax to help balance the budget.

WBBM Newsradio–10/31/2012

Navy Pier

Business Owner Wants McPier Tax Reduced, Spread To Whole City

A group of Lincoln Park business owners is calling on state lawmakers to take a second look at a controversial 30-year old city tax levied on thousands of restaurants in and near downtown.

WBBM Newsradio–10/09/2012

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