Chicago Accounting Articles
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...
Feb 28, 2013
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...
Feb 28, 2013
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...
