Short-Term Rentals and Self-Employment Tax: What Landlords Need to Know

As long as people have owned property, they have earned income by renting it out to others, both for long-term […]

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February 27, 2023Posted By Tonneson

The Massachusetts Millionaire Tax: Could a Loophole Cost the State Millions?

Remember the Millionaire Tax? Last fall, we wrote about an amendment to the state constitution intended to raise state revenue […]

February 15, 2023Posted By Tonneson

Navigating the Nanny Tax: What Household Employers Need to Know

Many households employ childcare providers, housekeepers, gardeners, and other types of domestic help. Relatively few taxpayers, however, are familiar with […]

December 13, 2022Posted By Tonneson

6 Ways to Get a Jump Start on Tax Season

Tax season is still a few months off, but it will be here before we know it, and it’s never […]

December 12, 2022Posted By Tonneson

Year-End Tax Letter 2022

Our 2022 Year-End Tax Letter outlines important guidelines for compliance with federal and state rules of taxation and reporting requirements. This […]

November 22, 2022Posted By Tonneson

When Can I Expect My Tax Refund?

There were—and still are—plenty of horror stories to go around in 2022 about delayed tax refunds. As of November 4, […]

November 16, 2022Posted By Tonneson

What is a 1099-K? How New IRS Reporting Rules May Affect Gig Workers and Merchants

Starting in early 2023, millions of people will begin receiving 1099-K forms, many of them for the first time. Most […]

November 10, 2022Posted By Tonneson

Defer Taxes and Save Money with a 1031 Exchange

Wouldn’t it be great if there was a way to sell your current real estate investments and defer capital gains […]

November 4, 2022Posted By Tonneson

What You Need to Know about Massachusetts’s Tax Refund Program

If you live in Massachusetts, you’ve probably heard the good news: starting November 1, an estimated 3 million Massachusetts taxpayers […]

November 2, 2022Posted By Tonneson

The IRS Adjusts for Inflation—Will Your Taxes Be Affected?

With inflation at its highest rates in decades, the markets in turmoil, and a recession looming, we’re overdue for some […]

October 31, 2022Posted By Tonneson

Amidst Rising Inflation, IRS Boosts 401(k) and IRA Contribution Limits by Record Amounts

On October 21, 2022, the IRS announced a record increase in retirement plan contribution limits for 2023. The new limits […]

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