Chicago Accounting Articles
Feb 28, 2013
Updated July 24, 2015 Tax Penalties Chicago Illinois What Penalties Does the IRS Impose? If you do not file your return and pay your tax by the due date, you may have to pay a penalty. You may also have to pay a penalty if you substantially...
Feb 28, 2013
Updated July 24,2015 Income Tax Credit Chicago Illinois What is a Tax Credit? A tax credit is a sum deducted from the total amount a taxpayer owes to the government. A tax credit may be granted for various types of taxes, such as an income tax,...
Feb 28, 2013
Updated July 27, 2015 Auditing and Amending Tax Return Chicago Illinois Once the audit of a tax return has been completed, you will receive a list of changes from the Internal Revenue Service or The Illinois Department of Revenue Auditor. The letter will...
Feb 28, 2013
Updated July 24, 2015 2011 Tax Bracket Chicago Illinois Earnings tax rates, and filing statuses for 2011 2011 Tax Rates Tax Rate Single Filers Married filling jointly or qualifying widow/widower Married filling separately Head of household...
Feb 28, 2013
Updated July 24, 2015 Business Income Tax Chicago Illinois The business income tax or your company’s taxes depends entirely on the type of entity. If you are a corporation, then there is one set of tax brackets. If you are a partnership, then there...
