With little more than three weeks to go before the April 15th filing deadline, one of the most visible trends this filing season is the move to electronic filing of state tax returns.
Of the 1.625 million returns filed so far (slightly less than half of the expected number), 1.359 million or 83.6 percent have been filed electronically, an increase of 5 percent from a year ago. DOR applauds this trend as it speeds processing of returns and the payment of refunds.
The average refund is $478, up $10 from a year ago; some $613.4 million in refunds have been paid out, slightly more than a year ago. To date, 79 percent of tax filers have received a refund.
The turnaround time for refunds from returns filed electronically is 3.5 days, while the number of refunds sent as direct deposits is 764,152, an increase of 48,584 or 7 percent from a year ago.
New Electronic Filing System—MassTaxConnect—is now live! posted on Nov 30
Earlier this morning DOR officially launched its newest online portal for filing and paying business taxes in the Commonwealth: MassTaxConnect. MassTaxConnect has replaced WebFile for Business, offering all the benefits the old system offered, along with a host of new functionalities that will make paying …Continue Reading New Electronic Filing System—MassTaxConnect—is now live!
DOR Joins Forces with Others to Fight Tax Fraud posted on Nov 25
The Massachusetts Department of Revenue (DOR) continues to be serious about combating tax and identity fraud. Not only have we continuously redoubled our anti-fraud efforts, we have in the past welcomed every opportunity to join forces with others to fight the ever-growing issues of identity …Continue Reading DOR Joins Forces with Others to Fight Tax Fraud
Tax Practitioners Report in on Sneak Preview of MassTaxConnect posted on Nov 24
On November 30th, the Massachusetts Department of Revenue (DOR) will release MassTaxConnect, the next generation tax system, to business and corporate taxpayers. The new filing system will replace WebFile for Business. In anticipation of the launch, DOR invited tax practitioners to preview MassTaxConnect and weigh …Continue Reading Tax Practitioners Report in on Sneak Preview of MassTaxConnect