Chicago Accounting Articles

Florida To Eliminate Most Property Taxes

The proposed Florida law, known as the “Save Our Homes from Excessive Property Taxes” plan, is a constitutional amendment headed to the November ballot. It seeks to shield primary residences from the majority of property taxes and sets a framework for...

You May Be Eligible For An Additional IRS Refund

Tens of millions of Americans might be eligible to claim refunds from the Internal Revenue Service because of a federal-court decision. In Kwong v. United States, the court found that many pandemic-era tax deadlines didn’t actually apply. The ruling determined that...

IRS Begins New Appeals Process

The IRS has updated its Post-Appeals Mediation (PAM) process by launching a two-year pilot program that provides taxpayers with a “fresh look” at their case. The new procedure, announced two days ago, reassigns cases that have reached an impasse to a new...

$175M in Illinois BIG Grants Still Available

The Business Interruption Grant (BIG) Program in Illinois has passed out over $450M in BIG Grants to businesses like yours and are looking for more to help. These are grants rather than loans. They don’t have to be repaid. They are certainly income taxable, so...