Maine CPAs and taxpayers applauded a decision by the IRS that declared that Maine’s $850 relief checks are not taxable for federal purposes. Since they are considered “disaster relief” they are also not subject to state taxes. Read more.
Maine CPAs and taxpayers applauded a decision by the IRS that declared that Maine’s $850 relief checks are not taxable for federal purposes. Since they are considered “disaster relief” they are also not subject to state taxes. Read more.