If a tax preparer files fraudulent tax returns for a taxpayer, the IRS holds the associated taxpayer responsible for the filing. The IRS may require the taxpayer to pay additional taxes, interest and be subject to penalties. However, this does not mean that the tax...
COVID-19 choked international travel in 2020, so this might have slipped under your radar with everything else happening in the world. But it's true: you might be denied a passport if you owe substantial taxes! If you have a substantial outstanding balance with the...
Accusations from federal agencies can result in serious criminal cases and possible consequences. In some instances, the Internal Revenue Service may suspect a Massachusetts resident of committing tax crimes and start an investigation into that person's actions....
Most Massachusetts residents would agree that they would not want to pay more than is owed on any financial obligation. For this reason, people look for as many ways as possible to avoid paying too much in taxes. Tax shelters are one way to make that happen, but when...
Millions of Americans, including most Boston residents, diligently file their tax returns every year whether they will have to pay or will receive a refund. Then there are taxpayers who fail to timely file their returns and do not pay their taxes. For this reason, the...
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...
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...
Like other people across the country, when Massachusetts residents do not know how to do something, they often turn to someone who does. For instance, fixing an electrical problem, treating an illness and even preparing their tax returns often require some help....
Boston taxpayers are required to report all of their income, which includes any virtual currency owned. The problem is that it is easy to forget about it and that could draw the attention of the IRS. In fact, the federal taxing authority recently announced that it has...
Most Massachusetts taxpayers fill out their yearly tax forms, and they make sure they include every dollar of income in order to avoid any adverse repercussions for not doing so. Perhaps it's because they know, or at least suspect, that when it comes to collection...
