Husband and wife Andy Kraft and Amy Elias, of Portland, Ore., pose with their 2018 tax paperwork in their Portland home on Monday, Feb. 18, 2019. The couple got a small refund last year but this year owe more than $10,000 in taxes under the new tax law. AP Photo/Gillian Flaccus Wait, I owe the […]
IRS
Posted inNation / World
IRS electronic filing system breaks down on Tax Day
WASHINGTON — The Internal Revenue Service’s electronic system that allows Americans to submit their tax returns online has partly failed Tuesday, complicating filing for the millions of taxpayers attempting to meet the midnight deadline. “On my way over here this morning, I was told a number of systems are down at the moment,” IRS Acting […]
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Posted inLewiston-Auburn, sj-web
Second man charged in Lewiston-Auburn federal marijuana raid
PORTLAND — An Auburn man associated with a large marijuana-growing operation in the Twin Cities is now facing gun and drug charges. Brian J. Bilodeau, 33, was arrested Tuesday after federal agents raided his home at 72 Danville Corner Road. Bilodeau made his initial appearance in U.S. District Court in Portland on Wednesday afternoon on […]
Posted inBusiness, sj-web
Maine employers dispute IRS penalties under ACA
The Internal Revenue Service has ordered at least two dozen businesses in Maine and New Hampshire to pay fines up to $1 million or more for failing to abide by the Affordable Care Act’s employer mandate. But legal and accounting experts in Maine say most of the fines are based on errors and should not […]
Posted inNation / World
New tax guidelines rely on workers to double-check their paychecks
Millions of Americans will need to use a new Internal Revenue Service tool to ensure their new paychecks are accurate, Trump administration officials said Thursday as they issued guidelines for implementing the recently passed tax law. The guidelines are necessary for businesses to calculate how much to withhold in taxes from employees’ paychecks beginning as […]
Posted inNation / World
IRS says many who prepaid property taxes may still face cap on deductions
People across the United States rushed this week to pay their 2018 property taxes early, hoping to take advantage one last time of a federal deduction for state and local taxes that will be scaled back under the tax-code overhaul signed by President Donald Trump. On Wednesday, however, the Internal Revenue Service announced that those […]
Posted inNation / World
Donald Trump to weaken IRS rule against church political activity
WASHINGTON (AP) — President Donald Trump is seeking to further weaken enforcement of an IRS rule barring churches and tax-exempt groups from endorsing political candidates, in a long-anticipated executive order on religious freedom that has disappointed some of his supporters. As he marks the National Day of Prayer at the White House Thursday, Trump is […]
Posted inNation / World
Donald Trump tax plan billed as ‘largest tax reform’ in U.S. history
This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. President Donald Trump’s plan to provide massive tax breaks to corporations faces big challenges as Washington struggles with mounting debt and the populist president tries to make good on promises to bring jobs and prosperity to the middle class. […]
Posted inNation / World
5 things to know about Tax Day: refunds are up, audits down
WASHINGTON — Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. But for most, it’s not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant […]
Posted inMaine, sj-web
Maine's senators team up to preserve bond purchase option for taxpayers
Maine’s two U.S. senators hope to preserve a savings opportunity for low-income workers who don’t have bank accounts. The legislation would extend a program started in 2010 that lets taxpayers receive any refund on their federal taxes in the form of a U.S. savings bond, a paper bond that lets buyers earn interest on their […]