Colonial Tax Partners

02/09/2023

https://apple.news/A0--CMjS2R0m-RemhH_p6mw

Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.

02/09/2023

Filing delay is recommend for Maine and 21 other States while the IRS reviews rebate/economic impact monies paid to taxpayers during 2022. Those who filed already may need to file an amended return.

You really don’t want to file twice, and you don’t want to pay to file twice, should know more soon.

Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.

03/17/2021

Let us help you get your biggest refund. IRS just released the new guidance for 2020 Pandemic Unemployment Income. Filed already? We can amend that for you too. Call Stephen at 207.712.5058

If your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200.

02/20/2021

01/27/2021

Frustrated, feeling like the IRS wants to shake you down for your hard earned money? Call Colonial Tax Partners we can help any situation. Big or small we do it all, like our page and call 207~712~5068 for a consultation appointment. We have clients in 7 states and are approved in all 50, distance is no barrier to quality, professional tax service. Filing starts February 12th, call soon.

11/11/2020

Tax Season is coming, Tax season is coming...

07/01/2020

T minus 2 weeks and counting...

06/03/2020

41 days remaining to file!

04/13/2020

Let's get this party started! Time to get your taxes in - here to help, 207-712-5068

03/30/2020

Great information here on the CARE package for small business owners. Take advantage, the difference between life and death of many a small business in these uncertain times.

(UPDATED March 30, 2020) General Overview The CARES Act, as signed into law on March 27, 2020, provides assistance to small businesses that have been impacted by the COVID-19 pandemic. In an effort to prevent businesses from laying off employees during this time, the CARES Act allocates $360 billion

03/21/2020

And now the American Taxpayer has until July 17th to file and pay 2019 taxes. Much easier to understand. As if we need a better reason to procrastinate taxes - LOL.

Good news is that Tax Offices are open for business having been deemed an "Essential Service" during the Corona Virus crisis. We are here, available to calm and help you through this part of a confusing world.

Call 207.712.5068 😊

03/19/2020

But, don't forget to file your taxes by April 15th... So, now you know :)

WASHINGTON, DC (AP) — The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. The extension announced Tuesday is an effort to inject up to $300 billion into the economy at a time when the coronavirus appears on the verge of causing a recession.
Treasury Secretary Steven Mnuchin said individuals will be able to delay paying up to $1 million in payments. Corporations will be able to defer payment on up to $10 million.

Taxpayers will still have to file their tax returns by the April 15 deadline. But they won’t have to pay their tax bill for 90 additional days. During that time, individuals and corporations will not be subject to interest or penalty payments.

“All you have to do is file your taxes,” Mnuchin said.