The billionaire behind the Beanie Babies craze was in Federal Court on tax evasion charges for stocking away $25 million in a Swiss bank account and hiding it from the IRS. Ty Warner is one the highest profile Americans to be brought up on charges for filing false tax returns which he did for at least 11 years.
Gas prices are something we all keep an eye on: are they going up, are they going down? The last I saw was $3.44 a gallon with the average in Maine at $3.47. Democratic Congressman Earl Blumenaurer is pushing to double the gas tax to .33 cent a gallon. There is currently an 18.5 cent federal gas tax on every gallon of gas we buy and the Representative from Oregon says it’s time to raise it.
Just looking at my paycheck. Taxes! Yes, it would be nice to have that money in my check to support my life. BUT, I think I must be the only person who thinks that being in a position where I do earn enough to pay taxes is not a bad thing. Taxes do some great things!
The Maine tax code could be drastically overhauled if LD 1496 gets passed by the Maine Legislature and signed by Governor LePage. The plan is estimated to raise between $150 to $200 million in new revenue. Here's a quick breakdown of what the bill would do.
Ok, I have the info. It is ready to be done. I just have not done it. I am getting money back, so I am sure this is not a big deal to the government. But I need to make it legit. I have NOT filed my taxes and I need to file an extension.
The Lewiston School Committee voted unanimously Monday night on the school budget that would increase property taxes 5.4 percent. That would translate for a home valued at $150,000 in Lewiston to a tax increase of $72.
The IRS has issued its annual warning about the "Dirty Dozen" schemes out there—ways that certain disreputable folks will try to steal your money or methods people use to hide financial information from the tax agency.
It takes at least a few days, sometimes longer, to receive your refund after you've filed your taxes with the IRS. Some people, though, just can't seem to wait. This almost certainly is a bad decision.
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