Chicago Accounting Articles

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 whenever the State runs out of money, they...

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 people make the mistake of trying...

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 assigned to complete the examination....

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 the gross receipts of a...

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 Illinois from another state. You are...