Business owners in Massachusetts may have heard about a controversial new tax law. A 6.25 percent sales tax may apply to software or computer services that are not 100 percent proprietary. Many have expressed confusion about the new tax, as well as opposition to it....
Month: August 2013
Former U.S. Rep. pleads guilty to tax fraud
Former United States representative Jesse Jackson Jr. and his wife, a former alderman, will be heading to prison after admitting to being involved in misusing campaign funds. In February, the pair pleaded guilty to several tax crimes. If a Massachusetts citizen is...
Powerball winners share a $448M jackpot with the IRS
Three lottery players have hit the Powerball jackpot and will share a $448 million prize. All three of the winners purchased tickets and picked five numbers between 1 and 59, as well as a Powerball number from 1 to 35. The jackpot, which was expected to be $425...
Handling tax problems
Massachusetts residents who owe the IRS money may be tempted to get in touch with services that promise to save them 90 cents on the dollar. However, most of these deals are too good to be true. When individuals are worried about tax audits, they may end up feeling...
State officer owes $150k in back taxes
The chief information officer for the Massachusetts State Legislature and his wife allegedly owe nearly $150,000 in back taxes, according to the Internal Revenue Service. The man's earnings from the state over the last three years totaled more than $1.1 million and he...