Some Tax Considerations for People Who are Separating or Divorcing

This article was published by the IRS. When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married for filing purposes until they get a final decree of divorce or separate maintenance. Update withholding When someone becomes divorced or separated, they [...]

Common but Costly Errors Employers Should Avoid When Filing Taxes or Claiming Credits

This article was published by the IRS. Employers filing employment tax returns and claiming an employer tax credit should read the instructions for Form 941 and carefully complete the form to avoid mistakes. Using a reputable tax preparer including a certified public accountant, enrolled agent or other knowledgeable tax professional can also help avoid errors. Mistakes [...]

How to Opt in and Contribute to Paid Family and Medical Leave as a Self-Employed Individual

This video tutorial will show you how to opt in and choose to participate in the Paid Family and Medical Leave program, and make contributions as a self-employed individual in MassTax Connect. Please note that you must first submit the self-employed notice of election found on the Paid Family and Medical Leave coverage for self-employed individuals [...]

Small Business Owners Should See If They Qualify for the Home Office Deduction

This article was published by the IRS. Many Americans have been working from home since the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their tax return next year. Here are some things to [...]

When the Lemonade Stand Makes Bank: Young Entrepreneurs and Taxes

This article was published by the IRS. Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer withholds taxes from their [...]

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