The state of Massachusetts returns an estimated $26 billion in tax breaks each year. That means, the state could have an additional $26 billion in the coffers if it changed its various tax incentives and exemptions for businesses. A panel convened last year by Gov....
Month: April 2012
If I close my foreign bank account, do I have to report it?
Closing your foreign bank account does not excuse you from disclosing it. With the end of the offshore bank account amnesty program called the Offshore Voluntary Disclosure Initiative, the consequences for not disclosing your foreign bank accounts is even greater....
Taxes done? What to keep and what to toss
As I'm sure you've heard Bostonians do not need to file taxes until Tuesday, April 17. While taxes are typically due on April 15, that date falls on a Sunday. Obviously, Monday would be the next logical choice. But this year Monday, April 16 is a Massachusetts state...
Worcester federal jury convicts three for IRS fraud, conspiracy
Three people, including a Norwood man, were sentenced in Worcester federal district court for conspiracies to defraud the U.S. using several tax fraud schemes. Released wearing electronic monitoring devices, they are awaiting sentencing in June. All three were found...