Mills says she’ll seek ways to avoid state tax on businesses’ relief loans

taxes

Published
January 27, 2021

Mills says she’ll seek ways to avoid state tax on businesses’ relief loans

The governor says she's having departments look for federal funds that would let the state balance its budget without taxing businesses for Paycheck Protection Program money they received.
Published
January 18, 2021

Working remotely? Don’t plan on deducting added expenses

The best strategy for those working from home is to try to recoup added expenses from your employer, says one local tax expert.
Published
November 29, 2020

With Biden in the White House, Maine could see major changes

The president-elect is already preparing to move forward with an ambitious policy agenda on the environment, health care, taxes, education and other issues.
Published
October 20, 2020

Fight over Trump’s business records returns to appeals court

The Supreme Court this summer said the president is not immune from congressional investigation, but the justices put the subpoena on hold.
Published
September 29, 2020

Biden releases 2019 tax returns before 1st debate with Trump

The move came following a report from The New York Times that Trump paid just $750 in income taxes in 2016, the year he ran for president.
Published
September 28, 2020

Trump’s $400 million debt could make him vulnerable to manipulation, ethics experts say

Revelations that President Trump is personally liable for the debt raise worries that his finances pose a national security risk.
Published
September 28, 2020

What we know – and still want to know – about Trump’s businesses

Trump's businesses routinely reported losing more money than they made, a fact that saved Trump on his taxes but belied the gold-plated CEO image he presented to the public.
Published
September 14, 2020

Pandemic-induced remote worker boom creates state income tax confusion

A federal bill could add clarity for remote workers in Maine who normally live or work in another state, but its passage is far from certain.
Published
August 24, 2020

New York attorney general investigating whether Trump inflated assets for loans

Letitia James is seeking to compel Eric Trump's testimony.
Published
August 20, 2020

Trump appeals as judge OKs Manhattan DA getting tax returns

The president denounces the quest for his financial records as a 'continuation of the most disgusting witch hunt in the history of our country.'