Former FreshCutz owner Thierry Musese was indicted Wednesday on dozens of charges stemming from alleged false tax preparations.
IRS
Posted inBusiness, Maine, News, Politics
Hiring freeze, executive orders create uncertainty for federal workers in Maine
In Bar Harbor, businesses are ‘cautiously concerned’ as they wait to learn whether the tourism season at Acadia National Park will be disrupted, the chamber of commerce says.
advertisement
Posted inNation / World
Didn’t get a stimulus check? You might be getting $1,400 from the IRS.
The agency is committing $2.4 billion to pay roughly 1 million Americans, with funds set to arrive by the end of January.
Posted inBusiness, Nation / World, News
Taxpayers will get higher standard deductions in 2025, IRS announces
It’s rising to $15,000, up $400 from this year.
Posted inBusiness, Nation / World
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS credits spending that has ramped up collection enforcement through President Biden’s signature climate, health care and tax package signed into law in 2022.
Posted inBusiness
IRS collects milestone $1 billion in back taxes from high-wealth taxpayers
The IRS says the campaign is focused on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt.
Posted inBusiness, Nation / World
IRS delays in resolving identity theft cases are ‘unconscionable,’ independent watchdog says
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases
Posted inBusiness, Nation / World, News
IRS to end another major tax loophole for wealthy, hopes to raise $50 billion in the process
The Treasury Department plans to enact rules that would prevent certain large businesses from depreciating the same asset repeatedly.
Posted inBusiness, Nation / World, News
IRS makes free Direct File tax return program permanent, asks all states to join for 2025
This tax season, more than 140,000 taxpayers in 12 eligible states made use of Direct File.
Posted inBusiness, Nation / World
Your tax refund could be bigger this year. Here’s what to do with it.
Experts generally advise putting it toward debt and savings, but, for many people, that’s unrealistic.