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PublishedDecember 12, 2023
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.
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PublishedDecember 3, 2023
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.
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PublishedOctober 17, 2023
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.
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PublishedSeptember 8, 2023
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.
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PublishedAugust 11, 2023
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.
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PublishedJuly 20, 2023
IRS steps toward new free-file tax return system have both supporters, critics mobilizing
And advocates for a free program to help file taxes are exponentially out-monied.
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PublishedJuly 14, 2023
IRS says it collected $38 million from more than 175 high-income tax delinquents
Federal tax collector's enhanced ability to identify tax delinquents comes from resources provided by the Inflation Reduction Act.
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PublishedMay 5, 2023
TurboTax customers to receive checks in $141 million settlement
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.
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PublishedFebruary 10, 2023
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.
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PublishedJanuary 29, 2023
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.
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