Not everyone filed their federal income taxes back in April. For example, you may be among the many individuals who requested an extension. For individuals who filed for an extension, an important deadline is coming up in a little under three months. This is the...
Unless a Massachusetts resident worked as an independent contractor, he or she probably received a paycheck that negated the need to worry about taxes but once a year. Now that the opportunity to retire has arisen, it is important to know that obligations to the IRS...
Changes coming as a result of the 2018 Tax Cuts and Jobs Act could leave some alimony recipients – and payers – out in the proverbial cold in 2019. Next year will bring the end of a very popular tax credit that allows alimony payers to deduct payments from...
If you owe more than $51,000 in back taxes, penalties and interest, your U.S. passport/renewal application might be denied. The IRS estimates approximately 362,000 taxpayers fall into this category.We have been following the progress of this new enforcement tool for...
Perhaps the only thing worse than owing taxes is not being able to pay them. Many Boston residents find themselves in this predicament, and they wonder what the IRS will do to collect. Some people receive phone calls, emails or personal visits from people claiming to...
