News

The IRS got a case dismissed from the Tax Court by applying a taxpayer's overpayments to their earlier tax liability.
The proposal, which died in the last hours of budget negotiations Friday after an intense lobbying campaign by the tourist ...
The Department of Revenue and Taxation has processed another 2,077 income tax refunds for the tax year 2020 and earlier. The tax refunds total $6,661,852 and include refunds to repay government debts.
Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes or attempt to skip paying ...
And a Treasury spokesperson dismissed as “baseless” any claims suggesting there may be a revenue decline for the season. “There is no indication a $500 billion tax revenue drop is plausible ...
Baer said the existing 1% state grocery tax brings approximately $580,000 in revenue each year in Western Springs. “The village does not yet have an established funding source to replace that ...