With less than a month left in the year, you can easily get a rough idea of how much you will owe in taxes for the 2014 tax year. If your anticipated tax bill is giving you sticker shock, there are a number of investment moves you can take between now and the end of the year to help reduce your tax liability for the 2014 tax year.
This would greatly simplify not just the process of tax collection and greatly lower its cost, but more importantly, would be based on principles of fairness with due respect for what generates new wealth.
I can't accept that the major problem with our corporate tax code is that corporations need more help. I can't accept that the owners are taking home more and more while the workers take home less and less, even as they grow ever more productive on the job.
By having all your documents in one place, you are one step closer to filing your return. Remember my first rule of tax return time? The earlier you file, the sooner you will get your refund!
Do you deny yourself even small treats to try and balance your unsustainable budget, which is often supplemented from a credit card or by siphoning off home equity? Did you know that all of these are signs of being chronically indebted?
There's a different kind of sale you might want to check out before year end. It's one of the best kind of holiday sales. One where you can trim your tax bill before April 15!
Whether their actions are based on something as simple as political DNA or a plot to retaliate against the president by taking hostages and wiping out villages, Congress, led by the GOP, is working hard to hurt the very people who elected them and helping the ones who got them elected.
With the Chicago City Council's Dec. 2 approval of a $13 minimum wage and the Illinois General Assembly still debating what to do with the state minimum wage, opinions from all sides abound. Some support a higher state uniform minimum wage, some want it even higher in Chicago, some don't want it to go up at all.
The holidays can inspire people to adopt a generous mood. You're thankful for the blessings you've received and want to pay it forward -- and you've also realized charitable giving can lower your taxes, as well.
With 7,000 bodies of government, Illinois leads the nation by a long shot for number of taxing entities. By contrast, Texas ranks second with 5,000.
Illinois' December 2013 pension reform law was deemed unconstitutional Nov. 21 by a Sangamon County Circuit Court judge. The issue is likely headed ...
You can't really blame people for giving up on Congress when every indication is that Congress has given up on us. But I still believe in our democracy and in our nation's ability to come together and solve the tough problems.
On top of the regular cost of buying everyday things, most Illinoisans also have to pay three different sales taxes on top of the price of goods. That's right, three.
Republican Gov.-elect Bruce Rauner will follow in the footsteps of former Illinois Gov. Jim Edgar when he takes control of a state in a fiscal crisis ...
The Freedom From Religion Foundation has sent a letter to the IRS urging them to investigate Ken Ham's Ark Encounter. The letter alleges that Ham has continuously attempted to run a for-profit business behind his non-profit in order to benefit from as many tax breaks and discriminatory practices as possible.
Congress is expected during the lame-duck session to address "tax extenders," a set of tax provisions (mostly for corporations) that policymakers routinely extend for a year or two at a time.