OpenDOR

The official blog of the Massachusetts Department of Revenue

Monthly Archives: December 2011

Corporate tax rate drops to 8.0 percent effective January 1 Posted on Dec 30

DOR announced earlier this month a drop in the personal income tax rate effective for tax years beginning on or after Jan. 1 from 5.3 percent to 5.25. This reduction extends to gains from investments held for more than a year (gains on investments held for less than a year   …Continue Reading Corporate tax rate drops to 8.0 percent effective January 1

Heads on beds puts dollars in city and town treasuries Posted on Dec 19

City and Town, the twice-monthly publication of the Division of Local Services, has just published its first in-depth review of the local option room occupancy tax since it was raised from 4 percent to 6 percent in the summer of 2009. The article comes with   …Continue Reading Heads on beds puts dollars in city and town treasuries

Personal income tax rate resumes march downward Posted on Dec 16

Personal income tax rate resumes march downward

    Posted by: Robert Bliss, Director of Communication, Department of Revenue   The Department of Revenue yesterday certified that the personal income tax rate will drop from 5.30 percent to 5.25 percent effective January 1, 2012. The savings to taxpayers will vary, but for most   …Continue Reading Personal income tax rate resumes march downward

Warning: Tax resolution firms dangerous to taxpayer health Posted on Dec 15

Taxpayer Advocate  Dennis Buckley has issued the following alert: So-called tax resolution companies continually market themselves as the solution to a taxpayer’s problems. Their pitch is simple: pay our company some money and our tax experts will lower and settle your tax liability. These claims are   …Continue Reading Warning: Tax resolution firms dangerous to taxpayer health

From DOR’s Briefing Book: more capital gains whiplash Posted on Dec 14

Commissioner Amy Pitter presented DOR's revenue estimates for FY12 and FY13 in testimony heard Monday by the Ways and Means Committee at their annual Consensus Revenue Estimate Hearing. The commissioner projected FY13 revenues at between $21.612 to $21.763 billion, up from $560 million to $683 million over   …Continue Reading From DOR’s Briefing Book: more capital gains whiplash

DOR assists AG’s office in film tax credit fraud case Posted on Dec 9

(Editor's Note: Following his arraignment in Boston Muncipal Court on Friday, Dec. 9, Daniel Adams was subsequently indicted by a Suffolk County Grand Jury on Monday, Dec. 12, and arraigned on Tuesday, Dec. 13 in Suffolk Superior Court. The Attorney General's office issued a press release after the   …Continue Reading DOR assists AG’s office in film tax credit fraud case

A November anomaly: revenues of $1.365 billion are $62 million below last year but $53 million greater than forecast Posted on Dec 6

The Department of Revenue has released the November 2011 revenue report outlining the details of the month's $1.365 billion collection. The month is something of an anomaly — the collection was less than last year's, but greater than forecast. Commissioner Amy Pitter explained this odd   …Continue Reading A November anomaly: revenues of $1.365 billion are $62 million below last year but $53 million greater than forecast

Taxpayer Advocate to meet with practitioners Dec. 14 Posted on Dec 5

In announcing a new program called DOR 360, DOR Commissioner Amy Pitter has stated her intent to have DOR listen closely and carefully to the concerns of DOR's many stakeholders.   As part of this initiative, The Taxpayer Advocate will host a meeting on December 14,   …Continue Reading Taxpayer Advocate to meet with practitioners Dec. 14

Amazon firmly in support of online sales tax legislation Posted on Dec 2

Any lingering doubts that the nation's largest online retailer, Amazon, is now in full-throated support of federal online sales tax legislation were dispelled with testimony this week from a top company official before the House Judiciary Committee. Paul Misener, vice president, Amazon global public policy, speaking in   …Continue Reading Amazon firmly in support of online sales tax legislation

DOR warns of Senior Circuit Breaker Tax Credit scam Posted on Dec 2

The Department of Revenue today released a statement from Taxpayer Advocate Dennis Buckley warning the public, tax preparers, and those who assist seniors in preparing tax returns of a scam that surfaced last year involving the popular Senior Circuit Breaker Tax Credit. "The Senior Circuit Breaker Tax Credit last   …Continue Reading DOR warns of Senior Circuit Breaker Tax Credit scam