Category Archives: Illinois

Disaster Relief Extension Impacts Millions in Illinois; Expect IRS to Give Relief to North Carolina Shortly

Posted on October 1, 2024 by Russ

The IRS announced this morning that tax deadlines have been postponed in several counties in Illinois due to recent severe weather in the Chicagoland area: The IRS is offering relief to any area designated by the Federal Emergency Management Agency … Continue reading →

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New York, California, and Illinois Lose AGI & Population Per IRS Data

Posted on December 25, 2022 by Russ

The Tax Foundation produced a report showing the overall gain (and loss) of population and taxpayers’ Adjusted Gross Income (AGI) during the second half of 2019 through the first half of 2020.  For the most part, high tax states were … Continue reading →

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Hopefully, It Won’t Take Ten More Years for a Resolution (The Trouble Fighting State and Local Tax Agencies)

Posted on September 14, 2020 by Russ

In 2008, taxpayers in Cook County, Illinois (Chicago) received property tax assessments and believed they were done improperly, including violating the Equal Protection Clause of the Fourteenth Amendment. They challenged it through the county appeals process, but got nowhere. They … Continue reading →

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April 15th Deadlines

Posted on April 14, 2020 by Russ

Yes, the tax deadline for the IRS (and federal estimated payments for the first two quarters) is July 15th. However, not all states conformed to this–especially for estimated payments. The following states all have first quarter estimated payments for individuals … Continue reading →

Posted in Arkansas, District of Columbia, Hawaii, Illinois, Iowa, Kentucky, Michigan, Minnesota, New Hampshire, New Jersey, North Carolina, Oregon | Tagged | Comments Off on April 15th Deadlines

The 2017 Tax Offender of the Year

Posted on December 31, 2017 by Russ

It’s once again time for that most prestigious of prestigious awards, the Tax Offender of the Year. To win this award you need to do more than cheat on your taxes; it has to be a Bozo-like action or actions. … Continue reading →

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Illinois and California Race for the Bottom

Posted on May 27, 2017 by Russ

It appears that Illinois and California are in a race to see which can impose the worst tax policies. The Illinois legislature is debating a “Privilege Tax;” California is debating single-payer health care. Neighboring states to each are likely envisioning … Continue reading →

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State Financial Health: Alaska, Dakotas on Top, Illinois, New Jersey, Massachusetts and Connecticut on the Bottom

Posted on July 7, 2015 by Russ

The Mercatus Center at George Mason University released a study today ranking the 50 states on their financial health. Here are the top six states: 1. Alaska (8.26) 2. North Dakota (2.97) 3. South Dakota (2.84) 4. Nebraska (2.75) 5. … Continue reading →

Posted in Alaska, California, Connecticut, Illinois, Massachusetts, New Jersey, North Dakota, South Dakota | Comments Off on State Financial Health: Alaska, Dakotas on Top, Illinois, New Jersey, Massachusetts and Connecticut on the Bottom

I’m Shocked, Shocked! That a Chicago Attorney may have Committed Tax Evasion Related to Corruption

Posted on May 31, 2015 by Russ

There’s one thing about Illinois politics: Both Democrats and Republicans tend toward corruption. After all, which of the past few governors haven’t gone to prison? The DOJ news release on the indictment of Daniel Soso makes for interesting reading. Sure, … Continue reading →

Posted in Illinois, Tax Evasion | 1 Comment

Taxes Impacting the Giants

Posted on February 24, 2015 by Russ

The San Francisco Giants have been one of baseball’s more successful teams; they’re the current world champions. But they haven’t been as freewheeling in spending money as other teams. Their General Manager blames California taxes. The top tax rate for … Continue reading →

Posted in California, Illinois | Tagged | 1 Comment

Mundane Tax Fraud Downs Friend of Cicero Town President

Posted on December 1, 2014 by Russ

George Hunter will likely be going to ClubFed. He pleaded guilty today to two counts of tax evasion. Mr. Hunter’s company received $1.8 million in two years from Cicero…without a contract. Mr. Hunter is friends with Larry Dominick, the Ton … Continue reading →

Posted in Illinois | 2 Comments