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IRS Revenue Agent Charged With Filing False Tax Returns in Massachusetts

CPA Practice

By Dave Eisenstadter, masslive.com (TNS) A 17-year veteran of the IRS was arrested on Wednesday and charged with filing false personal tax returns for three years and underreporting about $90,000 worth of income, according to Acting U.S. Attorney Joshua Levy’s office. Attorney’s office said. Attorney’s office wrote.

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IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine

CPA Practice

The IRS on Monday announced that all individuals and business owners in Maine and Massachusetts now have until Feb. 15, 2024, to file their tax returns and make tax payments because of Hurricane Lee’s impact. Quarterly estimated income tax payments normally due on Sept. So, this is more time to file, not to pay.

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Massachusetts Enacts Single-Sales Apportionment Among Other Tax Provisions

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On October 4, 2023, Massachusetts enacted tax legislation (H.4104), 4104), which will dramatically affect how businesses calculate their Massachusetts income. Historically, most businesses in Massachusetts apportioned income using a three-factor apportionment formula comprising of property, payroll, and double-weighted sales.

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Tax Savings Programs for Massachusetts Life Sciences Companies

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Massachusetts Companies The Massachusetts Life Sciences Center Tax Incentive Program application window is now open and is offering lucrative tax savings to eligible companies. 63, §30(17)) Designation as R&D Company for Sales Tax Purposes (pursuant to M.G.L. 62, §6(m) and c. 62, §6(n) and c. 62, §6(m) and c.

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Answers to Your Tax Season Questions

RogerRossmeisl

The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. (1) 2) When is my return due if I request an extension?

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IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

CPA Practice

According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. A free, government-run, online tax-filing system for taxpayers has been talked about as a possibility for many years.

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Investing in a Massachusetts Life Sciences Company and Want To Save Taxes?

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Investors funding early-stage life sciences companies in Massachusetts may be eligible for generous tax incentives under M.G.L. Learn about the Angel Investor Tax Credit and who qualifies, potential tax savings, and how to monetize those savings. 62, § 6(t). Which Investors Qualify? Life Sciences Services. Contact Us.