IRS pushes filing deadline to May 17 as agency grapples with backlog of returns

taxes

Published
March 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.
Published
March 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.
Published
February 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.
Published
February 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.
Published
February 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.
Published
January 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.
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.