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Welcome to Massachusetts Tax Attorneys.com
Did You Know?
If you have employees, you are responsible for Federal Taxes
If you have employees, you are responsible for several federal, state, and local taxes. As an employer, you must withhold certain taxes from your employees pay checks. Employment taxes include the following. Federal income tax withholding Social Security and Medicare taxes Federal unemployment tax act (FUTA).
Tax Law is divided into both Federal Tax and State Tax, and involves the taxation of income and property acquired through personal and professional efforts. In addition to income tax, there is sales tax, gift tax, inheritance tax, capital gains tax, property tax, and a myriad of other areas of tax.
Tax collections shown for various States
Amounts include adjustments to prior years made in Fiscal Year 2004. This could produce negative amounts of collections shown in the table.However, in a given fiscal year, refunds relating to prior fiscal years may be issued and subsequently recorded, and, therefore, the total refund amount may exceed the collection amount [Money amounts are in thousands of dollars.] in Massachusetts
Total Internal Revenue collections [2]
59,060,000
Corporation income tax [3]
3,955,703
Total [4,5]
53,699,352
Income tax not withheld and SECA tax [4,5]
9,415,858
Income tax withheld and FICA tax [4]
44,070,312
Railroad retirement tax
48,918
Unemployment insurance tax
164,264
Estate Tax
901,152
Gift Tax
34,859
Excise Taxes[2]
468,935
Source: Data 2004, Chief Financial Officer, Revenue Financial Management
Federal Income tax became law in 1913 when the Sixteenth Amendment to the U.S. Constitution was ratified. While some states do not have an income tax, all residents and citizens of the United States are subject to federal income tax. The more assets an individual owns, unfortunately, the more complicated the tax law becomes.
Congress writes the tax laws, which become part of the tax code. The Internal Revenue Service (IRS) is charged with interpreting the tax code. The IRS is a branch of the U.S. Treasury Department, with headquarters in Washington, D.C., and is ruled by a commissioner appointed by the President. Regional commissioners and district directors, also political appointees, oversee IRS operations.
Our Massachusetts Taxation Lawyers are willing to work for you. They can explain in detail the complex state and federal tax laws that affect you and your case. If you expect a high standard of quality from your legal representatives, then our Massachusetts Taxation Lawyers are the lawyers for you.
Senate Republicans Seek End to Estate Tax
AUDIO, RM, 44Kbps, 7:08, 7/28/2005
The Senate is expected to vote this week on a proposal to repeal the estate tax. The tax has been in place for nearly a century. But times have changed and estate tax opponents are predicting victory Source: NPR
Massachusetts External Sites
The Massachusetts Appellate Tax Board
Information concerning tax appeals in the state of Massachusetts. Decisions of city and town Boards of Assessors and decisions of the Massachusetts . :: DOER - Massachusetts Division of Energy Resources ::
The federal government and the state of Massachusetts offer tax incentives to individuals ... Massachusetts tax incentives for renewable energy progr
Newsroom
News about Taxation cases in Massachusetts and nationwide:
Definition:
A person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.
Federal Insurance Contributions Act (FICA) Tax
Definition:
Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.
Installment Agreements
Definition:
To be eligible for an installment agreement, all returns that are due must first be filed. Installment agreements generally require equal monthly payments. The amount of an installment payment will be based on the amount owed and on the taxpayer’s ability to pay that amount within the time legally available for the IRS to collect.
If you live in the following cities and need an taxation attorney you should contact
our Taxation Attorney as soon as possible:
Amherst
Attleboro
Beverly
Boston
Brighton
Brockton
Chelsea
Everett
Fitchburg
Framingham
Holyoke
Lawrence
Leominster
Lynn
Malden
Marlborough
Medford
Methuen
New Bedford
Peabody
Pittsfield
Plymouth
Quincy
Revere
Salem
Taunton
Westfield
Woburn
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