Yesterday's Senate Post-Audit and Oversight Committee hearing on tax incentives in general and, in particular, two companies — Fidelity and Evergreen Solar — generated a lot of testimony about some very arcane aspects of tax policy set out in state law. DOR Commissioner Navjeet K. Bal, …Continue Reading Single sales factor and tax apportionment have their day
The Boston Herald has a story today on elderly Boston residents living in public or subsidized housing being talked into filing fraudulent tax returns to receive the Senior Circuit Breaker Tax Credit. The scam goes something like this. Elderly persons living in public housing are being …Continue Reading If it’s too good to be true, it probably isn’t; beware of Senior Circuit Breaker Tax Credit scam
Almost half of an expected 3.3 million tax filers have submitted tax returns to the Department of Revenue, with the state filing deadline 29 days away (April 19) and the federal filing deadline (April 18) 28 days or four weeks away. So far, some 1.571 million taxpayers …Continue Reading Tax deadlines four weeks away; $601 million in refunds paid; electronic filing up 5 percent; average refund $472
With the price of gas moving toward $4 per gallon, you might think that consumers would be easing off the accelerator and making fewer trips to the pumps. There is no evidence of that as yet, however, after reviewing data on revenue collection from the state's …Continue Reading Gas prices up, but no sign of slack in demand
OK, it's not as hopeful or as expectant as counting down shopping days until Christmas, but the clock is ticking down on the midnight April 19 deadline for filing state income tax — and one day less, midnight April 18, for the federal income tax …Continue Reading 43 days left to file state income tax; 42 days for IRS
The Department of Revenue yesterday announced a $933 million tax collection for the month of February, which was $70 million less than February of a year ago and $46 million below benchmark. What that tells you is that DOR expected to collect less in February than …Continue Reading February revenues dip a little deeper than expected
We want to hear from you. Connect with us.