Chicago Accounting Articles

2011 Tax Bracket Chicago Illinois

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...

Business Income Tax Chicago Illinois

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...

What Is Corporation Tax Chicago Illinois

Updated July 27, 2015   What Is Corporation Tax Chicago Illinois   There are many different types of corporations from an Income tax standpoint. The two most prevalent are regular corporations and s corporations. A regular corp or c corp at the federal level...

Corporate Tax Rates Chicago Illinois

Updated July 24, 2015   Corporate Tax Rates Chicago Illinois   Tax Rate Schedule for Corporations For Tax Years Beginning in 2011   If the taxable income is The Tax is Of the Amount Over $0 – $50,000 15% 0 50,000 – 75,000 $7500 + 25% 50,000...

Date For Tax Return Chicago Illinois

Updated July 24, 2015   Date For Tax Return Chicago Illinois   Corporation income tax returns are due seventy-five days after the year end of the entity. If you have a C Corp or what is commonly referred to as a regular corporation and the year end of the...