Whether a young Massachusetts resident starts a new job, starts college classes or takes some other step into adulthood, it represents a new beginning, and an exciting and pensive time in that person's life. Becoming an adult comes with numerous responsibilities and...
Most people across the country, including many here in Massachusetts, do not want to check their mail and see an envelope from the IRS. Rarely are these letters good news. Instead, they are often notices indicating that something is wrong or that the individuals...
The tax year for most people across the country, including here in Massachusetts, ends on Dec. 31. Some people may think they have run out of time to prevent the IRS from taking even one more dollar than necessary at tax time. Fortunately, there may still be time to...
As the year ends, many small business owners are doing more than just buying presents for family members. They are getting their paperwork in order to make sure their businesses are ready for the coming tax filings. While gathering this information, it can help to...
Technology has done so much to simplify life, but it also complicates it in many ways. The personal information of Massachusetts residents is out there for clever hackers to steal. When that information is stolen in order to defraud the IRS through tax-related...
Many Massachusetts residents spend years building their retirement accounts. For those who did so through employment, the funds put into the account received tax-deferred status. That is, until withdrawn. Most people understand that the IRS could penalize them for...
Do those living in the United States, including Massachusetts residents, have to pay federal income taxes if owed? Do they even have to file federal income tax returns at all? Some people would say that the answer to these questions is no. They believe submitting...
Planning for retirement takes more than savings accounts and stock portfolios. A successful retirement plan takes costs into consideration and works to reduce those costs wherever feasible. One option that can result in significant savings: the location you chose to...
Technological advances have made it a challenge for taxing authorities to pursue those they believe are hiding money in order to avoid paying taxes -- until recently, that is. The IRS has worked diligently to find ways to track people who own cryptocurrency in order...
Fortunately, the easy answer to that question is no. The IRS will not immediately file a tax lien against an individual who cannot pay his or her taxes. Boston residents who cannot financially meet this obligation may find a way to avoid such liens as the...
