Massachusetts Law Updates

Official Blog of the Massachusetts Trial Court Law Libraries

Tag Archives: tax

IRS Offers Tips for Year-End Gifts to Charity Posted on Dec 21

As 2015 draws to a close, individuals and businesses are considering their year-end gifts to charity, and hoping to insure that they will be able to deduct the contributions from federal taxes. “IRS Tax Tips for Deducting Gifts to Charity” can help with planning gifts   …Continue Reading IRS Offers Tips for Year-End Gifts to Charity

SJC affirms charitable tax exemption for forest land Posted on May 23

Although the recent case between the New England Forest Foundation and the Board of Assessors of Hawley, 468 Mass. 138, was only about a bill of $173, the issues are much bigger than that would lead you to believe. Forest land of over 10 acres   …Continue Reading SJC affirms charitable tax exemption for forest land

Alternating Dependent Deductions Posted on Feb 19

Many divorce agreements order divorcing parents to annually alternate who can claim a child as a dependent for tax purposes.  According to IRS Publication 504 (Divorced or Separated Individuals) , the form to file is Form 8332: Release/Revocation of Release of Claim to Exemption for Child by   …Continue Reading Alternating Dependent Deductions