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.
About half of Americans say they feel underpaid. Are you one of them?
Avoid the most common tax mistakes to get a faster 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.
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.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
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.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
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.
Attorney General Lisa Madigan says with tax time rolling around it time to avoid the tax anticipation scam that has you paying the tax prep firm to get money that you’ll get anyway, and maybe just as fast, reports WBBM’s John Cody.
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.
Governor Quinn stopped by Truman College where volunteers with the Center for Economic Progress are helping low-income tax payers to file their returns.
The nonprofit Center for Economic Progress will be in 15 communities this tax season.
Ready or not, taxpayers can begin filing their returns online tomorrow.
Real estate tax bills will be on the way tomorrow for Cook County residents, many of them containing the cold, hard truth about where we stand. And it isn’t pretty.
The Regional Transportation Authority is taking United Airlines to court.
The city’s parking meters, Chicago area water rates, cigarettes, license plates — all are getting more expensive this year.