As national tax reform has focused on cuts and simplification of the tax brackets, Massachusetts has been discussing the “Fair Share Amendment.” The measure would create an additional 4 percent state tax on income over $1 million.Why is the state...
Recently, President Donald Trump released an overview of his proposal for sweeping tax reform. Among the key provisions are:A simplification of tax brackets – The Trump plan will reduce the number of tax brackets from seven to three, taxed at rates of 12...
We’ve previously discussed the potential consequences and ramifications – both civil and criminal – that can flow from submitting falsified tax returns. A majority of cases that involve criminal penalties flow from individual tax returns, but it is...
