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Watching a game-winning goal in overtime is as exciting as hockey gets. With DOR’s MA TAX AMNESTY 2016, you can stay out of the penalty box by paying only what you owe. Read on to find out more.

What is MA TAX AMNESTY 2016?

It’s a tax amnesty program for you to save on penalties while catching up on back taxes. The amnesty program runs from April 1 to May 31 and is available for all qualified individuals and businesses.

How Does It Work?

Starting April 1, a simple online Amnesty Return will be available on the amnesty webpage. Once you’ve calculated the tax amount you owe, enter that into the Amnesty Return and we’ll calculate your total interest and balance due. You’ll then submit an electronic payment for the balance due with your Amnesty Return.

  1. Review your records

First, review your prior filing obligations to determine if you failed to file a return or underreported the correct amount of tax due to the Commonwealth.

If you’re unsure about your tax obligations, you can check either the Individuals or Businesses sections on DOR’s website for more information.

  1. Gather your information

Individuals will need to pull together any W-2s, 1099s, and K-1s. You’ll also need to have a Social Security number or a tax identification number for each person listed on your return.

Businesses can also take part in the program. Be sure you have a tax ID number and understand the taxes that would be generated from your business model, like sales tax, use tax, or employee withholding tax. Review and organize your books and records accordingly.

  1. Figure out how much you owe

Fill out the appropriate tax returns to determine the amount of tax owed. Now you’re ready to complete your online Amnesty Return.

What If I Have a Question?

To learn more about the program, check out the MA Tax Amnesty 2016 page. This resource will give you the particulars of the program, like eligibility requirements and the consequences of not taking advantage of the program. And, you’ll find FAQs as well.

The page will be updated frequently, so please bookmark it and check back!

Take advantage of MA Tax Amnesty 2016 and Escape the Penalty Box!

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