The ITAT Chennai ruled that a belated filing of Form 67 does not deny foreign tax credit (FTC). The Tribunal held the filing requirement to be directory, not mandatory.

The Illinois Appellate Court issued a decision dismissing taxpayer’s appeal as moot. Taxpayer was the assignee of a tax certificate for a property’s 2017 delinquent taxes. Taxpayer paid the 2019 ...

Fabric portraits of people in Illinois prisons to form one big activism quilt Advocates and family members of people in prison hope their quilt humanizes and commemorates loved ones behind bars.

As Chicago faces a major deficit for fiscal year 2026, Mayor Brandon Johnson is considering resurrecting a failed idea that punishes job creation: the corporate head tax.

The next four weeks will be critical in Illinois getting answers about its roster, its strengths and its weaknesses. Here is one major question at each offensive position entering training camp.

Will Illinois have a tax-free weekend for back-to-school items? The state has not had a sales tax holiday for back-to-school since the 2022 school year, and will not have one in 2025.

Eric Freeman explains individual tax brackets and filing status in 2022. Learn about the progressive tax system, filing jointly, single, and head of household status.

The Chicago Teachers Union is protesting massive tax breaks for Illinois' richest, urging the state to invest in schools, healthcare, and transit instead.

U.S. Rep. Darin LaHood met with the U.S. and McLean County Chambers of Commerce to discuss tax provisions for local businesses as outlined in the One Big Beautiful Bill Act signed into law on July 4.