However, the justices appear divided over the president’s effort to prevent his accounting firm and 2 banks from handing over his tax and business records to House committees and the Manhattan district attorney.
taxes
Posted inMaine, News, Uncategorized
Gov. Mills extends Maine income tax filing deadline to July 15
Maine joins about 26 other states in pushing back their income tax filing deadlines to July 15 to conform with the new federal deadline, which was extended because of the coronavirus pandemic.
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Posted inBusiness, Maine, News
Tax season interrupted by coronavirus, creating concern for Maine accountants
The federal government is giving people who owe taxes more time to pay, but it hasn’t extended the April 15 filing deadline.
Posted inNation / World
Trump again asks Supreme Court to prevent disclosure of his financial records
On Friday, he sought to shield them from Congress, while on Thursday he asked that a Manhattan prosecutor be denied access.
Posted inMaine
Collins seeks to ‘fix’ federal tax marriage penalty
Maine’s senior senator pushes to double the deduction for state and local taxes for married filers, a change that would help many in high-tax states like Maine.
Posted inNation / World, News, Politics
Appeals court agrees Trump tax returns can be turned over
The ruling by the 2nd U.S. Circuit Court of Appeals is certain to be further appealed.
Posted inBusiness, Maine, News
About 300,000 Maine homeowners will get $100 each in property tax relief
Mainers who pay property taxes and are eligible for the state’s Homestead Exemption program can expect to get checks for roughly $100 by January or February.
Posted inBusiness, Maine
Liberal think tank says Maine has reached ‘tax fairness’ milestone
The poorest residents will pay a smaller percentage of their income in taxes than the wealthiest, the Maine Center for Economic Policy says.
Posted inBusiness, Nation / World
Trump, in reversal, says he’s no longer considering payroll tax cut
The president has doubled down on his calls for the Federal Reserve to slash interest rates.
Posted inMaine, News, Politics
Organizers turn to churches in effort to undo abortion and assisted-suicide laws
Large conservative Christian congregations are being enlisted in the drive to put the new laws on hold before they take effect in September.