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“Too confusing”, “unnecessary” and “takes too long ” are just some of the comments DOR heard from taxpayers and practitioners who use Form 335U for combined reporting on corporate tax returns. DOR collected the feedback on 355U and its long list of schedules through a series of meetings …Continue Reading Business Feedback Drives DOR to Reform Combined Reporting Schedules
Taxpayers looking for a faster way to resolve a tax dispute can now apply to DOR’s new early mediation program. What began as a pilot program a year ago is now an integral option in the departments appeals process. The department has taken steps to expand the program and allow more taxpayers to use it by …Continue Reading Dispute Your Tax Bill Quicker Through DOR’s New Early Mediation Program
If you are 65 years or older at the close of the taxable year and your principal residence is in Massachusetts, you may be eligible for the Senior Circuit Breaker, a refundable credit against personal income taxes. First, you have to meet income thresholds: For …Continue Reading The Easiest Tax Break Seniors Can Get!
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