Local taxing bodies typically intervene when they fear that property owners will appeal their assessment to the Illinois Property Tax Appeal Board or the Circuit Court of Cook County. If the owners win, the taxing body is on the hook for a refund, sometimes years down the road, a prospect that could mean less revenue and massive legal fees.
Many of those local governments were school districts, leading Crain’s to title the article: “Why local school districts are lining up against Fritz Kaegi?”
The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth...
The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end...
It’s tax-filing season, and whether you go to an accountant or use online tax software, filing a return can be expensive. But there are free options....
Iowa will move to a 3.9% flat income tax rate under a compromise between legislative Republicans and Gov. Kim Reynolds that paves the way for passage of the massive...
Identity thieves are targeting tax professionals with "spearphishing" emails masquerading as coming from the IRS or tax return preparation software providers, the Service advised in a news...
