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Belvidere plant a linchpin in auto industry recovery
WASHINGTON — Almost everyone favors "tax reform" in the abstract: Broaden the tax base by reducing deductions, credits and other tax breaks, and then cut top tax rates. But this sort of sweeping tax...
View ArticleFour alternatives to the giant soda ban
A Vernon Hills attorney used his bankruptcy clients’ credit cards and also had an employee create bogus tax returns so he could put off paying his student loans and buy a car, federal prosecutors said...
View ArticleZoning changes could pave the way for Joliet church conversion
The Joliet City Council Monday approved zoning changes to allow converting a long-shuttered downtown church into low-income housing for senior citizens. St. Mary’s Carmelite Church was days away from a...
View ArticleFiguring out health insurance
Questions and answers about health care insurance coverage. Q: My husband and I have been covered through my employer's health plan for three years. I will soon be between jobs, and we're looking into...
View ArticleShowbiz tax provision in fiscal-cliff bill has fans, foes
Hollywood can be a lightning rod when it comes to the not-so-sexy topic of tax policy, which is why it's so significant that an arcane-sounding IRS provision was renewed as part of the otherwise high...
View ArticleOn EITC Awareness Day, IRS and Partners Alert Low- and Moderate-Income...
On EITC Awareness Day, IRS and Partners Alert Low- and Moderate-Income Workers of Significant Tax Benefit IRS YouTube Video: Earned Income Tax Credit: English | Spanish Podcast: Earned Income Tax...
View ArticleAre there federal tax credits for diesel fuel cars?
According to the U.S. Department of Energy, some diesels in service beginning in 2006 may be eligible for a federal income tax credit. Credit amounts phase out for the auto maker once it has sold over...
View ArticleTake the money and run!
"Fortunately, there may be a middle-ground in which Democrats can raise revenues from higher earners and Republicans can avoid rate increases. There are some relatively simple tax changes that could be...
View ArticleDurbin says tax reform must be part of future deficit talks
With the nation getting a temporary reprieve from Washington’s partisan battles over debt and deficit reduction, U.S. Sen. Dick Durbin said today that Democrats will continue to press the issue of tax...
View ArticleQuinn wants to increase tax credit for working poor
Gov. Pat Quinn met behind closed doors with legislative leaders today to talk jobs and economic growth, floating a plan that would increase the state’s earned income tax credit for low-income families...
View ArticleLawmakers say tax plans may become campaign issue
The Joliet City Council Monday approved zoning changes to allow converting a long-shuttered downtown church into low-income housing for senior citizens. St. Mary’s Carmelite Church was days away from a...
View ArticleObama's gloomy spin on taxes
WASHINGTON — Almost everyone favors "tax reform" in the abstract: Broaden the tax base by reducing deductions, credits and other tax breaks, and then cut top tax rates. But this sort of sweeping tax...
View ArticleFiguring out health insurance
Questions and answers about health care insurance coverage. Q: My husband and I have been covered through my employer's health plan for three years. I will soon be between jobs, and we're looking into...
View ArticleFeds: Lawyer used bankruptcy clients' credit cards
A Vernon Hills attorney used his bankruptcy clients’ credit cards and also had an employee create bogus tax returns so he could put off paying his student loans and buy a car, federal prosecutors said...
View ArticleTake the money and run!
"Fortunately, there may be a middle-ground in which Democrats can raise revenues from higher earners and Republicans can avoid rate increases. There are some relatively simple tax changes that could be...
View ArticleOn EITC Awareness Day, IRS and Partners Alert Low- and Moderate-Income...
On EITC Awareness Day, IRS and Partners Alert Low- and Moderate-Income Workers of Significant Tax Benefit IRS YouTube Video: Earned Income Tax Credit: English | Spanish Podcast: Earned Income Tax...
View ArticleAre there federal tax credits for diesel fuel cars?
According to the U.S. Department of Energy, some diesels in service beginning in 2006 may be eligible for a federal income tax credit. Credit amounts phase out for the auto maker once it has sold over...
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