The United States Court of Appeals for the First Circuit issued judgments in the Department of Revenue’s (DOR) favor last month, finding that taxpayers in Bankruptcy proceedings cannot discharge late filed tax returns. The court consolidated two similar cases brought before them involving a total …Continue Reading DOR Ruling Favorable in First Circuit Judgment
Here’s another unfortunate addition to the list of financial things to protect yourself from. DOR has learned that letters of questionable origin are being sent to taxpayers with outstanding tax liens. Although these notices show amounts from actual tax liens, they are not from the Massachusetts …Continue Reading WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds
There are some rabbit holes you definitely don’t want to fall down during tax season. One such hole, and an increasingly-common nightmarish scenario, is finding out your tax refund has been stolen. In a recent article, Allison Martin of Money Talk News was the bearer …Continue Reading Don’t Let a Hacker Steal YOUR Refund
It’s beginning to look like a bad, really bad, year for anybody involved in the illicit trade of cigarette smuggling. According to a press release from the DOR, tobacco smugglers are now very much on the minds of state and federal law enforcement officials. At …Continue Reading Bad Year for Illicit Cigarette Traders
It’s an old adage, but still very much relevant in today’s tax world: If it sounds too
good to be true, it probably is.
You can pay your tax bill or notice by credit card.
Be aware of this Massachusetts sales tax provision if you happen to buy a new vehicle while out of state.
The IRS estimates that four out of five eligible workers and families get the Earned Income Credit, but millions who could claim it don’t.
One of the key work incentives for individuals and families who earned $51,567 or less last year is the Earned Income Tax Credit (EITC) which allows low and moderate income workers to keep more of what they earn. It’s also the federal and MA …Continue Reading Did you know January 31st is National Earned Income Tax Credit Day?
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!