Our articles cover a wide range of topics prompted by common questions we receive from our clients, as well as the latest industry updates on tax regulations, business-finance changes and ways to save money. Please contact us if you have a tax or money-related question.
As of January 1, 2022, the Maine Educational Opportunity Credit (EOTC) has been replaced by the Student Loan Repayment Tax Credit (SLRTC). The SLRTC provides an annual refundable tax credit of up to $2,500 for Maine residents repaying certain student loans incurred for obtaining an Associate’s, Bachelor’s,or Graduate degree from an accredited community college, college,…
DetailsThe IRS recently announced that they’ve extended the due date for 2nd Quarter 2020 Estimated Tax Payments. Normally due by 6/15, the IRS has now extended this due date to July 15th, 2020. Taxpayers will not be required to pay anything before July 15, 2020. This includes tax balances due for tax year 2019,…
DetailsMany individuals have suffered a job loss during the past few weeks. If you or someone you know has lost their job, they may qualify for unemployment. Follow the link below for some important information on how to file for unemployment.
Maine Income Tax Payment and Filing Deadline Extended On March 26, 2020, Governor Janet Mills and Commissioner of the Department of Administrative and Financial Services Kirsten Figueroa announced that the State will extend the deadline for Maine income tax payments from April 15, 2020, to July 15, 2020. The change aligns with the federal government’s…
DetailsThe U.S. government will postpone the April 15 tax-payment deadline for millions of individuals, giving Americans an additional 90 days to pay their 2019 income-tax bills in an unprecedented move intended to ease the economic pain inflicted by the coronavirus. The IRS, using authority under President Trump’s national-emergency declaration, will waive interest and penalties as…
DetailsOur office will be closed all day on December 24th for Christmas Eve. We hope you all enjoy a warm wonderful holiday season and a wonderful New Year!
Your Honeck O’Toole Team
Did you know you can pay your IRS and State of Maine taxes online? You can pay your balances due and your estimated tax payments using their Online Individual Payment Portals. You’ll need to register on each site before you can make your first payment. The Federal EFTPS system will mail you a unique…
DetailsOur office will be open from 9:00AM-4:00PM on Saturday, April 7th as well as Saturday & Sunday April 14th & 15th. The building will be locked but we will have a team member on the 1st floor lobby allowing clients in. This may be a great time for you to pick up your tax…
DetailsOur offices will be closed on Thursday, January 4th 2018 due to the storm. We will reopen tomorrow at 8:00AM. We hope everyone stays safe and warm during this winter blizzard!
Your Honeck O’Toole Team
This year, our office will be closed on Fridays in July & August. We will also be closed Friday, September 1st. Please keep that in mind if you plan to visit us! Of course, clients always come first so if Friday is the day you’d prefer to schedule a meeting or a phone conference, we will…
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