There is a lot that you may not know about the Massachusetts Cigarette Excise Tax and the penalties associated with purchasing or possessing “unstamped cigarettes” under Massachusetts law. It is no secret that Massachusetts residents at the state border will likely purchase their cigarettes and other tobacco products in the neighboring state to avoid the …
Monthly Archive
for: ‘December, 2011’
Learn More about Tax Deductions for Charitable Contributions
As the year-end approaches there are a few items about tax deductions for charitable contributions to note that may help you gather your tax information for the current year as well as help yourself become more organized going forward. You must keep records of all contributions being reported in order to qualify for a tax …
Go Green in 2011? Home Energy Tax Credits Still Available
Going green will save you green. There were two tax credits available to taxpayers in 2011 for their efforts to conserve energy and make their homes more green friendly. These tax credits were the Nonbusiness Energy Property Credit and the Residential Energy Efficient Property Credit. If eligible, homeowners can claim these tax credits on Form 5695 when …
Tax Return Filing Options – Do It Yourself
As a CPA and provider of tax services, I have seen thousands of tax returns and have dealt with various tax preparation software. Through these experiences I have dealt with many different clients from all walks of life and sizes. Each individual or small business owner has their own method of recording their transactions and …
