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PublishedMarch 17, 2021
IRS pushes filing deadline to May 17 as agency grapples with backlog of returns
Lawmakers fear that long-unresolved troubles at the Internal Revenue Service could undercut the Biden administration’s new economic recovery efforts.
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PublishedMarch 9, 2021
As tax deadlines approach, Maine accountants calculate uncertainties
State and federal guidelines concerning treatment of forgiven pandemic relief loans and unemployment income still need clarification, prompting tax preparers to delay filing.
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PublishedFebruary 22, 2021
Supreme Court won’t stop turnover of Trump’s tax records to prosecutor
The high court’s action is a blow to Trump because he has for so long fought on so many fronts to keep his tax records shielded from view.
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PublishedFebruary 16, 2021
Maine experts laud IRS decision to offer PIN security to all taxpayers
“(Stolen identity) information is being sold, resold and misused. Bottom line, there’s no longer any such thing as being overly cautious.” — Maine credit protection expert Will Lund.
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PublishedFebruary 15, 2021
Here’s what you need to know to get a PIN from the IRS this tax season
Maine tax officials say there's no such thing as being overly cautious.
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PublishedJanuary 27, 2021
Potential tax on Paycheck Protection Program loans leaves businesses nervous
Under Gov. Janet Mills's budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.
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PublishedJanuary 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.
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PublishedJanuary 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.
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PublishedNovember 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.
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PublishedOctober 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.
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