With tax season upon us, local tax expert David Henderson joins us to guide you through the process and alert you of any new deductions you may be eligible for.

Billionaire Beanie Babies creator Ty Warner evades prison over his conviction of hiding money overseas. Paris Schutz explains why.

Mayor Rahm Emanuel formally introduces the city's 2014 budget to City Council, which includes new parking fees, cable taxes and speed camera revenue. How did they take it? Paris Schutz has the details. Read Emanuel's 2014 Budget Recommendation briefing and full budget address.

The billionaire maker of Beanie Babies admits to not paying taxes on offshore bank accounts. Paris Schutz has more on a government crackdown that could nab more tax cheats in the future.

Joel Weisman and his panel of journalists discuss the latest hit to Cook County taxpayers: they’re on the hook for almost $500,000 due to Cook County Assessor Joe Berrios wrongly firing 11 people. Also, the panel further debates the clout-heavy Metra story. Watch the web extra conversation.

Metra CEO Alex Clifford may receive up to $700,000 for stepping down, according to reports. His resignation raises questions about how the Metra is run – and whether the agency is using public dollars responsibly.

As tax day looms, the numbers show that filings are down 13 percent from where they were this time last year. This means late filers will be aplenty — but sequester will slow their lines down even more. Tax officer Mark Steber joins us to talk all things unique about filing in 2013.

Notice anything different about your property tax bills this year? Treasurer Maria Pappas is trying to use them to expose the worst sources of debt in Cook County. We check in with her.

The Chicago City Council considers having taxpayers foot a $33 million bill to settle police misconduct cases. Paris Schutz has the latest news from City Hall.

The fiscal cliff is averted, but your tax bill will likely go up. We have more on what the deal means for Illinois taxpayers.

Expect cigarettes, gambling, and bullets to cost more in Cook County, according to Board President Toni Preckwinkle's 2013 budget. She joins us to discuss plugging a $268 million deficit. 

As the federal deficit climbs, Republicans and Democrats can agree on one thing: the federal tax code needs revamping. But how this gets done is up for grabs. What's the reality behind the rhetoric of closing loopholes and raising revenue? We examine the issue.

Indicted Cook County Commissioner Bill Beavers says he's been wrongly accused, and he claims to have documentation to prove it. Paris Schutz has the story.

The Illinois Senate passed a bill on Tuesday that would raise cigarette taxes by $1 a pack.

It's called the Buffett Rule: a proposal to raise taxes on millionaires. On Tuesday, President Obama officially injected it into the presidential campaign. Is it a matter of fairness or is it class warfare? We take a look.

We talk with a tax professional to get answers to some last-minute filing questions.