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Northern Star

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

IRS requires taxpayers to report illegal sources of income

By Felix Sarver | April 11, 2012

Money made from gambling, hobbies, bribes and even drug dealing are things the Internal Revenue Service (IRS) wants to know about. Taxpayers must include in their tax income return forms all income they receive in the form of money, property and services...

Dependent or independent: Check your income tax status

By Chelsey Boutan | February 28, 2012

Before filling out their income tax returns, students should make sure they talk with their parents first. Brad Cripe, assistant professor of accountancy, said the IRS could withhold your tax return or audit you if you don’t claim yourself as dependent...