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 people make the mistake of trying...

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 from another state. You are charged for...

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 the most commonly audited forms...

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 medical appliances. As of June 2015  ...