In some areas, sellers face state, county, and municipal conveyance taxes. In particular, as of 2016, sellers in Chicago must pay 0.1% conveyance tax to Illinois, 0.05% to the county, and 1.05% to the city of Chicago. In other cases, conveyance tax rates vary based on the type of pro...
A tax home is the general locality of an individual's primary place of work. It is the entire city or general vicinity where their principal place of business, employment, or post of duty is located, regardless of the location of the individual's primary residence.1An individual’s tax hom...
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The Bring Chicago Home referendum is a signature initiative of Mayor Brandon Johnson and his progressive allies in their bid to increase funding for efforts to fight homelessness. The measure asks voters to authorize the City Council to increase the real estate transfer tax on the sales of proper...
In October of 1931, the Chicago gangster Al Capone was convicted of income tax evasion. It is perhaps the most famous case of its kind, as Capone was sentenced to 11 years. He was also fined $50,000, ordered to pay an additional $215,000 for taxes owing (plus interest), and court ...
tax on food -- in Cook County, this tax is 1 percent; in surrounding counties, it is 0.75 percent. Downtown Chicago restaurants are also subject to a 1 percent Metropolitan Pier and Exposition Authority tax, bringing the total sales tax on restaurants in this area of Chicago to 10.75 ...
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if a taxpayer does not pay their tax debt within a reasonable amount of time or owes substantialback taxes, the IRS might file a federal taxlien(a legal claim against a taxpayer’s property) with the local county clerk’s office. A tax lien filing is considered public information, and the...
CHICAGO (WLS) -- Have you been procrastinating doing your taxes? You are not alone. In fact, a surprising number of people wait until the last minute. A third of all Americans say they wait till the last minute, according to a recent study. Tax Day is right around the corner, at ...
Tax Fraud Taxes Scam Alert Better Business Bureau Jeramie Bizzle Jeramie Bizzle is a web producer for CBS Chicago. Jeramie began working with CBS Chicago as an intern in 2017 and returned as a full-time Web Producer in 2021. He has previously written for the Austin Weekly Newspaper, Oak...