Small businesses can innocently make tax mistakes that wind up racking up steep penalties. Consider these common mistakes before filing your taxes.
Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
Save money — and maximize your refund — with these tips for doing your taxes all on you own.
Who doesn’t want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill.
With careful planning, you may find yourself paying the IRS much less than you have in years past.
Newlyweds are often confused about the best type of filing for their particular situation as well as the legalities involved. If you want to enjoy the lowest tax rate possible, you’ll need to do your homework, starting with these considerations.
When it comes to figuring your taxes, should you rely on software or turn to a pro?
Forget the stress of tax season by using one of these e-filing programs.
State Sens. Bill Brady and Kirk Dillard, businessman Bruce Rauner and Treasurer Dan Rutherford faced off in a debate that focused heavily on Illinois’ struggling economy and how to improve its business climate.
In a case of dueling transparency, both the comptroller and her challenger introduced new programs to let taxpayers know where their money is and where it’s going, reports WBBM’s John Cody.
Illinois’ state comptroller says 2014 needs to be the year of consolidation.
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 is exploring the possibility of raising the city’s tax on amusements, cigarettes, liquor and personal property lease transactions to chip away at a $338.7 million budget shortfall, City Hall sources said Friday.
CBS 2′s Pam Zekman reports on problems that persist within the Cook County Assessor’s Office.
Former Chicago Bears player Chris Zorich avoided prison time on federal tax charges, as a judge on Friday placed him on probation for failing to pay taxes “in a timely fashion.”
Governor Quinn is making a pitch to last-minute filers to give a little back, and support military families, reports WBBM’s Michele Fiore.
The best part of paying your taxes is probably getting your refund check.
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.