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.
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.
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.
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.
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.
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.
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.
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.
A jury has found William Beavers guilty in his tax corruption trial.
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.
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.
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.
If you’re preparing your own taxes you should definitely do what the professionals do: use tax preparation software.
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.
There are lots of websites and software available, but you may not have thought of smartphone apps for doing your taxes.
For easy filing this year download all your Federal Tax Forms from our one-stop shop.
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.
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.
The legislature’s failure to pass reform legislation this week means every property owner will continue to pay for it. CBS 2′s Pam Zekman reports.