taxes

Illinois State Capitol in Springfield

Illinois Residents To Get State Spending Chart With Tax Bill

Illinois’ state comptroller says 2014 needs to be the year of consolidation.

12/30/2013

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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

Mayor Rahm Emanuel addresses an anti-violence summit at Chicago State University. (CBS)

City Could Raise Amusement, Cigarette, Liquor And Lease Transaction Taxes

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.

10/05/2013

This home in Cook County was wrongly listed as "vacant," which underestimated its value for property taxes. (CBS)

2 Investigators: Some Properties Still Mislabeled As ‘Vacant’ On Tax Rolls

CBS 2’s Pam Zekman reports on problems that persist within the Cook County Assessor’s Office.

08/01/2013

Former Chicago Bears player Chris Zorich arrives at the Dirksen Federal Courthouse, to plead guilty to charges of not filing federal income tax returns from 2006 to 2009. (Credit: CBS)

Ex-Bear Chris Zorich Gets Probation On Tax Charges

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.”

07/12/2013

Gov. Pat Quinn (Credit: CBS)

Quinn Urges Tax Filers To Support Fund For Military Families

Governor Quinn is making a pitch to last-minute filers to give a little back, and support military families, reports WBBM’s Michele Fiore.

04/14/2013

Photo Credit CBS

How To Spend Your Tax Refund

The best part of paying your taxes is probably getting your refund check.

04/10/2013

Photo Credit CBSNews

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

Photo Credit: CBS News

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

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How Studying Your Taxes Can Help Your Career

About half of Americans say they feel underpaid. Are you one of them?

03/25/2013

Photo Credit CBS MoneyWatch

Avoid The Most Common Tax Mistakes

Avoid the most common tax mistakes to get a faster refund.

03/18/2013

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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

Filling Out Forms

Plenty Of Changes For Tax Filers This Year

Experts recommend using some type of guidance to navigate forms and maximize your returns.

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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What To Do If You Owe Taxes But Can’t Pay

So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?

03/11/2013

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Basic Errors That Can Delay Your Tax Refund

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.

03/11/2013

Tax Forms

Lisa Madigan Warns Against Tax Scams

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.

03/05/2013

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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

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