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Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…

Tax Savings Tips for Maine Owners with Out-of-State Income
Are you a business owner in Maine with income also coming from other states? You might be sitting on a goldmine of tax savings opportunities without even knowing it. Let’s break down a complex tax strategy into simple terms so you can see how it might benefit you. Back in 2017, the government introduced a…
For-profit Director and Officer Standards of Conduct under Maine Law
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
New IRS Rules Regarding Partnership Audits (including LLCs), Part II
This blog is part two of three regarding the new IRS BBA Rules that went into effect on January 1, 2018. Background: The new IRS “BBA Rules” reduce the partnership audit burden on the IRS by placing an increased burden on the current partners to both: (1) satisfy tax deficiencies for prior tax years and…
Amendments To Chapter 691, Rules for Underground oil Storage Facilities
The Rules for Underground Oil Storage Facilities were adopted in 1991, to reduce the number of discharges from underground oil storage tanks, to protect surface water, ground water and drinking water supplies, to prevent vapor intrusion in homes and other buildings, and to generally protect human health and the environment. On January 7, 2014, amendments…
Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…

Tax Savings Tips for Maine Owners with Out-of-State Income
Are you a business owner in Maine with income also coming from other states? You might be sitting on a goldmine of tax savings opportunities without even knowing it. Let’s break down a complex tax strategy into simple terms so you can see how it might benefit you. Back in 2017, the government introduced a…
For-profit Director and Officer Standards of Conduct under Maine Law
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
New IRS Rules Regarding Partnership Audits (including LLCs), Part II
This blog is part two of three regarding the new IRS BBA Rules that went into effect on January 1, 2018. Background: The new IRS “BBA Rules” reduce the partnership audit burden on the IRS by placing an increased burden on the current partners to both: (1) satisfy tax deficiencies for prior tax years and…
Amendments To Chapter 691, Rules for Underground oil Storage Facilities
The Rules for Underground Oil Storage Facilities were adopted in 1991, to reduce the number of discharges from underground oil storage tanks, to protect surface water, ground water and drinking water supplies, to prevent vapor intrusion in homes and other buildings, and to generally protect human health and the environment. On January 7, 2014, amendments…
Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…

Tax Savings Tips for Maine Owners with Out-of-State Income
Are you a business owner in Maine with income also coming from other states? You might be sitting on a goldmine of tax savings opportunities without even knowing it. Let’s break down a complex tax strategy into simple terms so you can see how it might benefit you. Back in 2017, the government introduced a…
For-profit Director and Officer Standards of Conduct under Maine Law
Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
New IRS Rules Regarding Partnership Audits (including LLCs), Part II
This blog is part two of three regarding the new IRS BBA Rules that went into effect on January 1, 2018. Background: The new IRS “BBA Rules” reduce the partnership audit burden on the IRS by placing an increased burden on the current partners to both: (1) satisfy tax deficiencies for prior tax years and…
Amendments To Chapter 691, Rules for Underground oil Storage Facilities
The Rules for Underground Oil Storage Facilities were adopted in 1991, to reduce the number of discharges from underground oil storage tanks, to protect surface water, ground water and drinking water supplies, to prevent vapor intrusion in homes and other buildings, and to generally protect human health and the environment. On January 7, 2014, amendments…