Maine is not among the 12 states where the system is accessible, however.
taxes
Posted inBusiness, Maine, Politics
Gov. Mills proposes exempting all Maine nonprofits from sales tax
The change, which would cost the state about $10 million annually, is necessary to simplify the tax code and reduce confusion, officials say.
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Posted inNation / World, News
IRS to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act.
Posted inBusiness
IRS: Fund us, and we’ll collect hundreds of billions from tax cheaters
Biden administration officials say economic research shows they’ll avert hundreds of billions of dollars of tax evasion by funding the agency.
Posted inBusiness, Maine, News
State web portal now open for filing Maine personal income tax returns
Maine Revenue Services is offering free webinars for individuals and tax professionals on how to use the online portal to file, pay and manage state income tax returns.
Posted inBusiness, Maine, News
Maine officials accuse IRS of reversing pledge by taxing $450 state energy payments
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.
Posted inBusiness, Maine
Pollute less, profit more: How Maine industry is rewarded for cutting down emissions and wastewater
A state tax exemption benefits industrial companies for cutting down on pollution but also draws millions of dollars away from small-town tax revenue, and never expires.
Posted inNation / World, News
IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers
The introduction of a government-run option could upend the industry and fundamentally change the way taxpayers interact with the IRS.
Posted inBusiness
IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes
A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS.
Posted inAndroscoggin County, Franklin, Livermore Falls Advertiser, News
Jay approves settlement agreement with paper mill owners over tax abatement request
The Select Board voted unanimously Friday to accept a settlement agreement with Pixelle Specialty Solutions for a tax abatement of $12.2 million in valuation and $250,100 in tax dollars.