Whereabouts of Chicago area woman's 2019 tax return is a mystery for more than three years
CBS 2's Lauren Victory unraveled what went wrong.
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CBS 2's Lauren Victory unraveled what went wrong.
Ciera Stipe waited years on her refund from taxes filed before the COVID-19 pandemic even started. CBS 2's Lauren Victory unraveled what went wrong for so long.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
Chicago taxpayers can swing by their office from 9 a.m. to 4 p.m. to talk to experts about any problems or concerns.
People were hurrying to drop off their paperwork at the Cardiss Collins main post office in the South Loop.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
The IRS says it is not clear how to handle all the tax rebates given out in 2022, and you may want to wait before filing this year. Ivan Rodriguez reports.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more.
To pay for the tax breaks, the tax law erased many deductions that millions of taxpayers claim every year.
"It's kind of a windfall to the procrastinators," said Mark Steber, chief tax officer at Jackson Hewitt.
The service that taxpayers use to file online is partly down, according to Acting IRS Commissioner David Kautter.
Chairing a hearing of the House Ways and Means oversight subcommittee, U.S. Rep. Peter Roskam (R-Wheaton) said a General Accounting Office report has shown the same kind of risks now exist as when Congress found conservative groups and others were unjustly singled out for tax audits.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
With less than two days until 2015, there are still a couple ways you could maximize your deductions, and ease your income tax bill for 2014.
A federal judge has sentenced Illinois state Rep. LaShawn Ford to probation and a fine for shortchanging the Internal Revenue Service of $3,782.
It's one of the largest scams of its kind and victims are on the hook for more than a million dollars as con-artists pose as Internal Revenue Service agents.
No arrests were made at the site of the raid, and no charges have been filed in the case.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
The Internal Revenue service has launched a nationwide attack on the problem of identity theft and false filing of tax returns.
Taxpayers can go online to check to see if the IRS owes them cash.
Illinois residents who changed addresses this year may want to check with the Internal Revenue Service, because the agency might have a check waiting.
