by jburns5130 | Jan 27, 2025 | IRS, Uncategorized
Heading Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced...
by jburns5130 | Jan 5, 2021 | IRS, Mass Tax Credit, Person in Need, Uncategorized
Heads Up! We have learned that the MA DOR seems to be actively sending out more of their Letters of Assessment. This could be Covid related since the state is not bringing in as much tax revenue as forecasted. Regardless, you need to be aware that if you owe the state...
by jburns5130 | Jan 5, 2021 | Commonwealth of Mass, IRS, Mass Tax Credit, Uncategorized
Keep Your 2020 Economic Impact Payment notice with other tax records People who received an Economic Impact Payment this year (2020) should keep Notice 1444, Your Economic Impact Payment, with their tax records. This notice provides information about the amount...
by jburns5130 | Dec 14, 2020 | Commonwealth of Mass, IRS, Person in Need, Seniors Helping Seniors, Tax Deductions, Tax Preparation
If the Caronavirus has had negative effects on your finances, temporary changes to the rules under the CARES Act may give you more flexibility to make an emergency withdrawal from tax-deferred retirement accounts during...
by jburns5130 | Nov 14, 2020 | Commonwealth of Mass, IRS, Tax Deductions, Tax Preparation
One of the CARES Act updates impacts allowable charitable cash contributions for Standard Deduction filers. The deduction of charitable contributions is generally reserved for taxpayers that itemize their deductions. With the CARES Act, Standard Deduction filers can...
by jburns5130 | Mar 24, 2020 | Commonwealth of Mass, IRS, Tax Preparation
Many taxpayers have gone from receiving a large refund in 2018 to owing the IRS more than $1,000 on their 2019 returns! Did you know the IRS can penalize you for Failure to pay proper estimated tax. If this is you, here’s some food for thought. The IRS...
