Chicago Accounting Articles

Scheduled Tax Audit In Chicago Illinois

Updated July 24, 2015   Scheduled Tax Audit In Chicago Illinois   If you have been scheduled for a tax audit, whether it is at the Federal, State, or Unemployment Level, your first job is to get adequate representation. Many … Continue reading

Comments Off on Scheduled Tax Audit In Chicago Illinois

Why Was I Chosen For Audit Chicago Illinois?

Updated July 24, 2015   Why Was I Chosen For Audit Chicago Illinois?   This is always the first question that clients ask. If you ask a Revenue Auditor, they will generally say that they don’t know, and were just … Continue reading

Comments Off on Why Was I Chosen For Audit Chicago Illinois?

What Is Sales Tax Chicago Illinois

Updated July 24, 2015   What Is Sales Tax Chicago Illinois   Sales tax or what Illinois tax law calls Retailers Occupation Tax is imposed on persons engaged in selling tangible personal property at retail. The tax is measured on … Continue reading

Comments Off on What Is Sales Tax Chicago Illinois

What Is Use Tax Chicago Illinois

Updated July 24, 2015   What Is Use Tax Chicago Illinois   Use tax is imposed on any transaction which would be subject to regular sales tax, only the physical goods were delivered to an address inside the State of … Continue reading

Comments Off on What Is Use Tax Chicago Illinois

Sales And Use Tax Audit Firms Chicago Illinois

Updated July 24, 2015   Sales And Use Tax Audit Firms Chicago Illinois   The number of sales and use tax audits being conducted on Form ST-1, by the Illinois Department of Revenue have been increasing in recent years. Many … Continue reading

Comments Off on Sales And Use Tax Audit Firms Chicago Illinois

Sales Tax Audit Chicago Illinois

Updated July 24, 2015   Sales Tax Audit Chicago Illinois   Recently we have had a large increase in the number of sales tax audits occurring not just in Chicago, but in the entire State of Illinois. It seems that … Continue reading

Comments Off on Sales Tax Audit Chicago Illinois

What is Illinois Use Tax

Updated July 10, 2015   What is Illinois Use Tax?   Use tax is imposed on any transaction which would be subject to regular sales tax, only the physical goods were delivered to an address inside the State of Illinois … Continue reading

Posted in FAQs | Comments Off on What is Illinois Use Tax

Chicago Sales Tax Rate

Currently the sales tax rate in Chicago for general merchandise is 9.25%. The Chicago sales tax rate for food, drugs, and medical appliances is 2.25%.   Sales tax returns, or The Illinois Department of Revenue Form ST-1, are one of … Continue reading

Posted in | Comments Off on Chicago Sales Tax Rate

Sales Tax Rate Chicago Illinois

Updated July 17, 2015   What is the sales tax rate in Chicago, Illinois?   The sales tax rate in Chicago, Illinois, Cook County, is 9.25% on most tangible goods sold inside the city, and 2.25% on food, drugs, and … Continue reading

Posted in FAQs | Comments Off on Sales Tax Rate Chicago Illinois