In the first part of this post, we discussed some of the detailed rules on residency status affecting state income tax returns. We focused, in particular, on part-year residents and what state tax obligations they may have in Massachusetts.In today's post, let's look...
We focus most of our pieces in this blog on federal income tax. This makes sense because state tax systems tend to mirror the federal system.But state tax systems also have detailed rules on residency status as it relates to filing requirements for tax returns. In...
A recent media story focusing upon instances where a divorced party might summarily receive a nasty surprise from the Internal Revenue Service owing to actions taken by an ex-spouse during marriage likely solicits instant empathy and understanding from most tax...
Letters are a remarkably durable form of communication, with roots dating back into the ancient world. They were a medium of exchange that flourished for centuries, from the epistles of the New Testament to the love letters of the Romantic era and beyond.But the...
If you have financial problems, tax debt is a double whammy. Difficulty in paying that debt is one problem. But things could get even worse if the IRS were to garnish your wages or levy against your bank account.Is the IRS allowed to do this? In this post, we will...
