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.
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!
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.
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.
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