Get Ready for Taxes: Here’s What’s New and What to Consider When Filing in 2022

This article was published by the IRS.  The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Taxpayers can visit IRS.gov/getready for online tools, publications and other helpful resources for [...]

Mark the Calendar: Important Backup Withholding Deadlines

This article was published by the IRS. Some businesses and other payers take backup withholding from payments they made to certain people. These entities should remember their upcoming filing deadlines. What is backup withholding? The person or business paying the taxpayer doesn't generally withhold taxes from certain payments. They don't do this because it's assumed the [...]

For Many Employers and Self-Employed People, Deferred Social Security Tax Payment Due Jan. 3

This article was published by the IRS. The Internal Revenue Service is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from the IRS. The agency noted, however, [...]

What If I Can’t Pay My Taxes?

This video explains the variety of actions taxpayers can take if they are unable to pay their tax bills. It could happen to any of us. You've just finished preparing your tax return or received a bill from the MA Department of Revenue and have an unexpected balance due. The problem is, you can't afford to [...]

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