With careful planning, you may find yourself paying the IRS much less than you have in years past.
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.
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?