B98.5 » taxes

Maine Tax Reform Plan: A Quick Breakdown

Andy Capwell — Sat, 11 May 2013 15:21:42 +0000

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.

This is Where to Get Your Federal Tax Extension Form

Renee Nelson — Mon, 15 Apr 2013 11:40:18 +0000

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.

No Relief on Filing Taxes Because of Patriot's Day This Year – Still Due April 15

Townsquare Media — Sun, 14 Apr 2013 13:35:49 +0000

In year's past, if Patriot's Day landed on the day taxes were due, Mainer's would get an extra day to file. That's not the case this year.

Last year, there was even a bigger delay. Remember April 15, 2012, jus

Lewiston School Board Approves School Budget

Andy Capwell — Tue, 09 Apr 2013 15:30:38 +0000

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.

IRS Warning — 12 Scams to Watch Out For This Tax Season

Chris Chaberski — Thu, 28 Mar 2013 16:21:07 +0000

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. Here’s what IRS Acting Commissioner Steven T. Miller had to say: This tax season, the IRS has stepped up its efforts to [...]

Is Your Unclaimed Tax Refund Among the $1 Billion Being Held by the IRS?

Chris Chaberski — Thu, 14 Mar 2013 20:23:29 +0000

There are still a few weeks left to file your 2012 tax return, but April 15 of this year marks another important deadline for taxpayers: it's your last chance to file for a refund on your 2009 taxes.

Why You Should Beware of Tax-Refund Loans

Chris Chaberski — Wed, 06 Mar 2013 16:47:27 +0000

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. Not long ago, banks offered something called refund-anticipation loans, which basically meant that a bank would immediately lend you [...]

Andy Capwell Taking On His Tax Return

Andy Capwell — Sat, 23 Feb 2013 20:38:25 +0000

They say you never forget how to ride a bike, and that you never forget your first love. Then why does it seem I always forget how to do my taxes every year? I finally made my way to the Federal Building right down the street from the radio station, and grabbed as many tax booklets and forms as I could. I knew that I'd make some mistakes and I am never sure which form I'll need to use!

How to Stop Identity Thieves From Stealing Your Tax Refund

Chris Chaberski — Tue, 12 Feb 2013 16:08:54 +0000

Last week, the Internal Revenue Service announced that it had targeted about 400 identity thieves across the country. The thieves were using stolen Social Security numbers to file false tax returns and then claim the refunds.

Maine's "Chickadee Check-Off" Program is in Danger

Renee Nelson — Mon, 04 Feb 2013 09:24:00 +0000

There is a chance that Maine's "Chickadee Check-Off" program could vanish from Maine tax forms unless Mainers support it. The tax form check-off has been part of the Maine tax form for 30 years. The money supports the Maine Department of Inland Fisheries and Wildlife's Endangered and Nongame Wildlife Fund.