Massachusetts taxpayers may be interested in an article discussing some common mistakes people often make with the IRS Form 1099 that reports miscellaneous income. Being more careful up front may help to avoid an expensive audit later. As tax season approaches, 1099...
Month: January 2014
Massachusetts photographer indicted for tax evasion
A grand jury returned an indictment on Jan. 15 against a Boston-area photographer who allegedly failed to report income of $87,907 between 2003 and 2007. Charges of tax evasion and filing false tax documents followed an investigation by the Internal Revenue Service....
Protest movements roundly rejected by judges
A recent tax case involving a woman who claimed that she didn't owe tax because she was not an American citizen was sentenced to five years in prison. The woman represented herself and reportedly did herself no favors by being rude and vocal toward prosecutors and the...
Beanie Baby creator faces prison in tax scheme
Massachutes residents may be interested in the latest developments in the government's tax evasion case against the billionaire creator of Beanie Baby plush toys. The 69-year-old toy designer pleaded guilty on Oct. 2 to evading approximately $5.5 million in taxes by...
Congress lets a number of tax breaks expire
Many Massachusetts companies and individuals are once again in the dark as to whether they will receive certain tax credits during 2014. One of the side effects of a Congress that is deeply divided on budgeting issues is that 55 tax credits expired at the end of 2013....