Finding a Tax Professional

A Massachusetts tax professional can help prepare your taxes or represent you in an appeal or collection case. So, how do you find the right tax professional for you? You can do so through one of these professional member organizations: the Massachusetts Society of Enrolled Agents (whose tax practitioners are licensed by the Department of Treasury [...]

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 [...]

Businesses Must Report Nonemployee Compensation and Backup Withholding

This article was published by the IRS. By law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS. They do this using Form 1099-NEC, Nonemployee Compensation. Generally, payers must file Form 1099-NEC by January 31. For 2021 tax returns, there is no automatic 30-day extension to file Form [...]

Reviewing These Disaster Resources Now Can Help Taxpayers Be More Prepared Later

This article was published by the IRS. No one can fully prepare for a disaster, but knowing what resources are available beforehand can make the recovery a little easier. Here's a list of resources that taxpayers might find helpful before and after a disaster: Tax relief in disaster situations — This page features links to disaster [...]

Small Business Tax Workshop

The IRS Small Business Tax Workshop is a series of online training videos, covering tax topics for new and established small business owners. The first four topics in the workshop cover federal taxes, Schedule C, filing and paying taxes electronically, and business use of your home – no matter the type of business you have or [...]

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