Unless you work specifically in the financial oversight sector in Illinois, tax law can seem extremely daunting. This is especially true of property taxes (given their ever-changing nature). You may know little about their complexities (other than the fact that you...
Whether you are paying taxes as a homeowner or someone who runs a business, your tax documents are of great importance. You know you need them to prepare your taxes from the previous year. However, you may have to store tax paperwork going back years for possible...
Windy City residents prepare: Property tax increases are ahead. Despite already having some of the highest tax rates in the United States, Chicago costs keep going up. If you are one of the thousands of residents who expect this year's tax bill to hurt their wallet,...
You may have looked at your recent property tax bill in disbelief. You know that your home is not valuable enough to warrant an increase in your property taxes. In this situation, you may decide to appeal your property tax rate. To do so, you should provide...
If you are like most people, preparing your taxes is a source of stress and anxiety. Not only do you have to consider how much you owe or how much you already paid, but you have to think about the process of filing too. According to Military.com, there are steps that...
Finding ways to reduce your property tax bill may be something you are scrambling to do this tax season. Lucky for you, Cook County does offer some exemptions that let you reduce your tax bill by exempting a portion of your property value from the assessment. One...
Doing your taxes is a stressful yearly endeavor for some. This is especially true for individuals who have complex income, housing or family situations among other contributing factors. The more you have to keep track of, the higher your likelihood of making a...
Cook county offers a property tax abatement for owners of industrial buildings who perform a major property rehabilitation. The purpose of this incentive is to encourage industrial development. The county normally assesses industrial real estate at 25% of its market...
As a property owner, you are likely to have concerns about how high your property tax rate is. It is possible that the tax assessor has incorrectly determined the value of your property. If you have gathered evidence to appeal your assessment, you may wonder if you...
Doing your taxes is already taxing enough. Adding a potential audit to the mix only makes things more stressful. There are many different reasons the Internal Revenue Service (IRS) may flag you for an audit. While there is no true way to completely eliminate the...
