Lawmakers fear that long-unresolved troubles at the Internal Revenue Service could undercut the Biden administration’s new economic recovery efforts.
taxes
Posted inBusiness, Maine
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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Posted inNation & World
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.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Conforming to federal PPP law will help Maine’s strapped small businesses
If the Legislature will not protect all taxpayers, they should at least implement Gov. Mills’ suggestion and protect those who borrowed less than $1 million.
Posted inEditorials, Opinion
Our View: Legislature can find a better way to help Maine’s small businesses
Not all PPP recipients are struggling small companies that need extra help from the state.
Posted inOp-eds, Opinion
Jim Fossel: Maine Republicans should not budge on PPP tax break
There’s no reason to make small businesses pay any taxes on money they received from the federal government.
Posted inBusiness, Maine, News, Politics
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.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Will Maine’s senators let my mom vote?
Mainers can help bring democracy to our nation’s capital at long last. We must encourage Sens. King and Collins to sign on as co-sponsors of the D.C. statehood bill.
Posted inBusiness, Maine
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.
Posted inOp-eds, Opinion
Commentary: Undocumented immigrants deserve COVID relief, too
The third stimulus must provide these children with aid by including their taxpaying parents, regardless of their legal status.