TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns, despite being eligible for free, federally supported tax services.
taxes
Posted inLocal & State, Times Record
Bowdoinham residents could see 13% property tax hike
The Bowdoinham Select Board reviewed the proposed $3.9 million budget at an April 11 meeting.
advertisement
Posted inOp-Eds, Opinion
The Maine Millennial: The state of Maine needs my taxes more than I need a tax cut
If you think you’ll never need government assistance, know that life has a way of throwing curve balls at you.
Posted inLocal Government, News
No discount for early payment of Chesterville taxes, firetruck funds not approved
The discount received for early complete payment of taxes is no longer needed, is an unfair tax, Treasurer Erin Norton said.
Posted inLocal & State
IRS says Maine’s $850 pandemic relief checks not taxable
The agency had been studying whether the money sent out last year in Maine – and similar payments made in 16 other states – was subject to federal taxes.
Posted inBusiness, Local & State, Politics
Time seems ripe for bipartisan action on income tax cuts in Maine
As the state enjoys a record surplus, lawmakers from both parties have submitted proposals that would reduce taxes for lower-income Mainers.
Posted inBusiness, Nation & World, News
Trump Organization fined $1.6 million for tax fraud
A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.
Posted inLocal & State, Nation & World, Politics
Maine’s Democratic representatives criticize Republican moves in U.S. House
Jared Golden and Chellie Pingree opposed a number of measures pushed by the new congressional majority.
Posted inBusiness, Nation & World, News
Trump executive Weisselberg gets 5-month jail sentence for dodging taxes
Allen Weisselberg is expected to be locked up at New York City’s notorious Rikers Island jail complex.
Posted inBusiness, Nation & World, News
Key takeaways from Trump’s long-sought tax returns
The release of former President Donald Trump’s tax returns show he maintained a bank account in China through 2017, his first year in the White House.