Tax debt can have consequences that affect a person's livelihood. In fact, the Internal Revenue Service could even begin taking money directly from the paychecks of a taxpayer who owes a balance and has not paid. This can be distressing for any Massachusetts...
For several decades, our world has operated in a global economy. In 2020, many Americans have bank accounts overseas. For those who have an overseas with more a balance of at least $10,000 at any time during the year, Americans must include those accounts in their...
Very rarely do tax audits result in taxpayers receiving refunds or having no change to their tax filings. Usually, Massachusetts residents who go through the audit process get word that they owe more in taxes and have to pay interest and penalties on top of it....
Anyone in Massachusetts or elsewhere who follows tax-related news has probably heard about the Robert Smith Case. Mr. Smith is a former student of Cornell, a billionaire and a philanthropist. He is also a person who, over the past few years, has been investigated for...
One of the biggest fears Massachusetts residents have when they submit their tax returns is that they'll end up being audited. No one wants to go through that, but, without fail, every year, a small percentage of people get the news that they have been selected for...
Any time, you get a letter from the IRS, your heart skips a beat. You guess that the tax agency rarely contacts individuals with good news. Now, you’ve just received a letter noting you owe thousands more in taxes from last year. Yet you had a tax preparer...
