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 [...]
This article was published by the IRS. The IRS’s second Employee Retention Credit Voluntary Disclosure Program is open and runs through Nov. 22, 2024. This ERC VDP helps businesses repay credits they received after filing ERC claims in error. The program allows businesses to correct improper payments at a 15% discount and avoid potential compliance action [...]
Looking to settle for less with the IRS? Have a tax bill you can't pay? You may see ads from companies promising you they can settle your tax debt for less. While it is true that an offer in compromise (OIC) allows you to settle your tax debt for less than the full amount you owe, [...]
This Veteran's Day, we wanted to be sure you knew that if you're in the military, you have free filing options available to you. When it's time to file your taxes, check out these resources: First, there's the Department of Defense's MilTax. It's free and there are no income limits. MilTax includes tax preparation and electronic [...]
