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This article was published by the IRS. The Internal Revenue Service encourages taxpayers who missed the filing deadline to submit their tax return as soon as possible. Those who missed the deadline to file but owe taxes should file timely to avoid additional penalties and interest. Taxpayers should keep in mind that requesting an extension allows [...]
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 [...]
This article was published by the IRS. The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to participate in an FSA can contribute up to $3,300 through [...]
This video is a step-by-step guide for completing your MA Department of Revenue Amnesty Request, including who is eligible, how to choose account types and payment options, and reviewing your Request before submission. As a refresher, the Tax Amnesty 2024 program is now open. From November 1 to December 30, 2024, the Commonwealth of Massachusetts will waive [...]
This article was published by the IRS. Dates to Remember The Tax Amnesty 2024 program is open. From November 1 to December 30, 2024, the Commonwealth of Massachusetts will waive most penalties for eligible taxpayers and non-filers who: Submit an Amnesty Request on MassTaxConnect Watch helpful Amnesty Request videos Pay all tax and interest included in the [...]
