There are several easy ways to pay your taxes: online, by phone, cash, check, or money order. To pay online, you can go to your online account at IRS.gov/account and make a payment from your checking or savings account. You can also view the amount you owe, any payment history or activity, and other account information [...]
Here are some ways your tribe can avoid IRS penalties related to employment taxes. This is especially important when you hire new employees and file tax returns. There are four main things to consider: identification numbers, timeliness, accuracy, and resources for help. First, be sure to get valid Taxpayer ID numbers from all employees and vendors [...]
You may be able to claim a refundable credit on your MA personal income tax return. The circuit breaker tax credit is based on the actual real estate taxes or rent paid on the Massachusetts residential property you own or rent and occupy as your principal residence. The maximum credit amount is determined each year. If [...]
Thieves are constantly working to steal people's identity and personal data so they can use it to fraudulently file tax returns and claim refund money that isn't theirs. Here are a few things you should know so you don't fall victim to these scams: First, the IRS won't initiate contact with you by email or over [...]
Deferred tax assets and liabilities may be terms you’ve seen added by your accountant to your small business balance sheet. They are financial items on a company’s balance sheet that exist because the income on the tax return is different than the income in the accounting records. Learn how to evaluate, make sense of, and take [...]
