New IRS Feature Allows Taxpayers Electronically Filing Amended Returns to Choose Direct Deposit to Speed Refunds

This article was published by the IRS. In the latest improvement for taxpayers, the Internal Revenue Service has announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund. Previously, taxpayers who filed Form 1040-X with the IRS [...]

Important Tax Reminders for People Selling a Home

This article was published by the IRS. A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. Here are some things that homeowners should think about when selling a home: Ownership [...]

A Step-by-Step Guide to the Accounting Cycle

The accounting cycle, also known as the bookkeeping cycle, helps create accurate accounting data that’s crucial to running your small business. It essentially ensures that all the money passing through your business is accounted for. Learn more about why the accounting cycle is important, how to use the accounting cycle, and what the stages in the [...]

Individual Taxpayer Identification Number (ITIN)

An Individual Taxpayer Identification Number (ITIN) is for people who have a federal income tax filing or reporting requirement, but who are not eligible for a Social Security number. Taxpayers who need an ITIN can mail a completed Form W-7, along with the required identification documents and federal tax return, to the IRS. Check out the [...]

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 [...]

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