Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

In a recent Editorial, Crain's asks if Chicago can afford to grant such tax breaks, but that’s the wrong question, writes Ald ...

The Cook County assessor's final estimates would shift the city's property tax burden slightly in favor of homeowners and ...

Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the way ...

Decades ago, I inherited a valuable piece of art, and I’m now considering selling it to finance a grandchild’s graduate degree that will cost $80,000. What do I need to consider in regard to taxes? Do ...

My wife's US-based parents have sent money for our child's education. Where is the best place to keep it, and will my wife ...