This article was published by the IRS. The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was in a major disaster area [...]
It's important to file your tax return by the due date. Avoid penalties and interest by filing and paying on time. If you're having trouble, the IRS has options to help. Here are some tips: Even if you can't pay in full, it's better to file on time and pay as much as you can. If [...]
Those who use digital assets may be wondering what their reporting requirements are come tax filing season. This 75-minute IRS webinar covers both existing and new reporting requirements so you can get all your questions answered. If you have any additional questions, please reach out to our office and we'll walk you through the answers.
This article was published by the IRS. The Internal Revenue Service is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer’s return. This change will benefit filers claiming important tax credits like the Earned Income [...]
Each year, the Massachusetts Department of Revenue gives a filing season video update presentation for the tax year. This video provides the update for tax year 2024. It includes valuable tax information such as recent legislative changes and DOR initiatives, what's new on 2024 forms and schedules, helpful hints, updates to popular credits, and how to [...]
