Friday, April 12, 2013
What should you do after your refund check comes? Attorney Leslie H. Tayne shares what's best to do with a lump sum.
It’s that time of year again: tax season. After the time consuming process, you anxiously wait for your tax return. Although you may be inclined to go out and spend the money on a weekend vacation or an item you’ve been dying to purchase, take a second to consider some of these options for spending your return. Pay down debt A tax return is one of the largest lump sums of money you may receive all year. Use it wisely and dedicate a portion (or all of it) to paying down debt. If you have credit card debt, make a lump sum payment towards the bill. If credit card debt isn’t your problem, consider making an extra (13th) payment on your mortgage to lessen the amount you have left. If you are burdened with student loan debt or a personal …
Wednesday, April 3, 2013
Still working on your taxes? Confused about IRA contribution limits? Use this "cheat sheet."
With April 15 right around the corner, here's a handy "cheat sheet" for IRA contribution limits Stratford Wealth Management and Green IRA.
Monday, March 25, 2013
Less Americans are getting a refund check from the IRS this year, CNNMoney reports. Some say it's a sign the economy is improving.
Only 59 percent of Americans say they’ll be receiving a refund check from the IRS this year, CNNMoney reports. An American Express survey showed the percentage of people expecting money back from the government is down from 64 percent last year. More people say they are earning more and will owe money this year, which a sign the economy is doing better, CNN reports. Will you get a refund from the IRS this year, or do you expect to pay? Take part in our poll and start a conversation about the subject in the comments section.
Sunday, January 27, 2013
Tax season begins Jan. 30 and the filing deadline is April 15.
The IRS has pushed the start of tax filing season back to Jan. 30. Federal income taxes represent only a portion of the tax liability Americans face. There's state income taxes, local property taxes and sales tax. Not to mention fees – like renewing your vehicle registration – that really are taxes. And of course, there are the taxes we pay before we receive our pay checks: Payroll taxes that support programs such as Social Security and Medicare. Earlier this year, most Americans were spared a federal income tax rate increase when President Obama and Congress struck a deal on the fiscal cliff. The tax rate on income earned above $450,000 did rise from 35 percent to 39.6 percent. Despite the deal, most every American saw payroll taxes rise…
Friday, June 15, 2012
Village Manager Todd Hileman's annual salary is ranked second highest in the state, according to conservative organization For The Good of Illinois. Hileman banks more than Chicago Mayor Rahm Emmanuel, the study said.
With an annual salary of $245,653 in 2011, Glenview Village Manager Todd Hileman is the No. 2 highest paid village manager in the state of Illinois, according to a new study by For The Good of Illinois, a conservative leaning public interest group. Additionally, Hileman was one of seven Village Managers who made more money than Chicago Mayor Rahm Emanuel, the study said. Stay tuned to the latest Glenview news: Like us on Facebook! Other burbs with managers who also banked more than Emanuel last year include: Northbrook, Highland Park, Skokie, Schaumburg, Grayslake and Gurnee. The study, which lists the 13 highest paid village managers in Illinois, also said Hileman’s salary has seen rapid rise in the last six years, increasing 34 percent …
Monday, April 2, 2012
Let us know which tax preparer you go to -- or if you do your taxes yourself.
Monday, April 2, 2012
It's that time of year again. Leaves just starting to appear on the trees, crocuses blooming in your yard...and an April 17 deadline breathing down your neck. Have you done your taxes yet? Don't answer that. Actually, if you use a tax preparer, what we'd really like to know is who you trust and why. Take a look at our extensive listing of accountants and financial planners, search for the name of your tax preparer and leave a review. Or, simply post your tax preparer's name in the comments and let us know why you rely on him or her. Based on your reviews, we'll name one local tax preparer the best in town. You have until Friday at 9 a.m. to share your opinion. Get to it. (Oh yeah, and if you haven't done your taxes yet, maybe you should …
Wednesday, May 4, 2011
Trustees voted unanimously on a resolution to formally oppose proposed state budget cuts that could cost the village $3.4 million.
Village of Glenview Board of Trustees unanimously approved a resolution Tuesday, May 3 that formally opposes up to $3.4 million in potential cuts in income tax revenue from the state. At issue is a proposed change to the Local Government Distributive Fund formula by the state of Illinois, which would reduce Glenview's share of state income taxes from 10 percent to 7 percent. Illinois lawmakers will have to vote on the issue, as well other statewide budget cuts on the table. The current formula, based on population, has been in place since 1969, when the state agreed to collect income taxes for municipalities. "We have spent the last four decades building a finacnial structure on receiving that revenue per capita," explained Village Manager…
Wednesday, March 23, 2011
According to a group of Cook County assessors, ballot calculations of District 31's proposed tax increase do not accurately reflect the impact if the measure passes.
The figures on the ballot for West Northfield School District 31’s tax referendum are misleading, according to a group of Cook County assessors. That’s because, along with other school, fire protection and library districts with referenda on the April 5 ballot, District 31 did not estimate its proposed tax increase using a countywide multiplier that is ultimately applied to all taxpayer’s bills, according to Ali ElSaffar, president of the Cook County Township Assessors Association and Oak Park Township Assessor. Without the multiplier included in calculations, the ballot figures could be underestimated as much as 70 percent, he explained. “Personally, I’m not saying I’m in favor or against any of these referendums, but I do think people …
Wednesday, March 16, 2011
Dozens of people attended a hearing to protest the measure, citing traffic and village revenue concerns.
Residents packed a public hearing March 15 in opposition to the annexation of the Sanders Northwestern Memorial Hospital Medical Office development. Depsite some community resistance, the Village of Glenview Board of Trustees unanimously approved the agreement to annex the development at 2255 Sanders Road. The proposed development of the 10.89 acre site includes a future not-for-profit medical office with a nine-story office building and a seven-story parking garage. A coalition called Glenview Residents Against the NMH Development, represented by Springfield attorney John Myers, cited concerns about additional traffic created by the development, its tax-exempt status and how the village will handle an increase in emergency services. "I …
Friday, February 25, 2011
If approved, a referendum would generate an additional $2.2 million for the district, which is in financial trouble.
Voters will decide April 5 whether to authorize a tax increase expected to generate more than $2.2 million for West Northfield School District 31 after previous efforts to plug its budget gaps have failed. The district's board approved a $6 million bond issue last October, which officials were hoping would offset the cost of repeated property tax appeals by Allstate, delayed delivery of property taxes and the increasing price of student services. The district authorized $3 million of the $6 million to be used for operational costs and held the other $3 million, explained Superintendent Alexandra Nicholson. The remaining money would have been used for building safety and infrastructure maintenance, she said. "But at that point, we found out…