Getting to know DOR’s New, Modernized Filing System As you may have heard, the Massachusetts Department of Revenue is revamping the way the business taxpayers can file taxes in the Commonwealth. This new filing system, MassTaxConnect, offers taxpayers a state-of-the-art tax administration system that will …Continue Reading The Top Ten Benefits of “MassTaxConnect” for Business Taxpayers
Even though the state repealed the tax in late September, more than 250 vendors filed returns submitting nearly $800,000 in sales and use tax on computer and software services. Because the law was repealed retroactively to the date the tax took effect, vendors are entitled to …Continue Reading DOR Expedites Abatements for Vendors Who Paid Sales Tax on Computer and Software Services
“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
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!
Technical Information Release 13-9 Each year the Department of Revenue issues an updated penalty schedule for individuals who fail to comply with the requirements under the Massachusetts Health Care Reform Act. DOR has announced this year’s penalty schedule applicable only to adults who are deemed …Continue Reading Individual Mandate Penalties for 2013
Curious about the history of cigarette taxes in Massachusetts? Click the graph above for cigarette revenue collections and tax increases over the past seven fiscal years. You will notice the last increase took place July 1st, 2008. Now in July 2013, another one dollar increase is in …Continue Reading Cigarette Tax History
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