by Levins Tax | Feb 9, 2022 | Uncategorized
In early 2021, the United States Congress passed H.R. 1786, also known as the “Stop Tax Haven Abuse Act.” The passage of this new legislation marks a renewed focus on eliminating tax evasion by the IRS, the Department of Justice and the United States government as a...
by Levins Tax | Jan 25, 2022 | Uncategorized
With virtual currency transactions becoming more frequent in recent years, the IRS has begun addressing taxpayer noncompliance related to virtual currency transactions. In 2019, the IRS started its Virtual Currency Compliance campaign by sending educational letters...
by Levins Tax | Jan 13, 2022 | Uncategorized
Sales tax compliance is the preparation and filing of sales and use tax returns. Companies have to provide exacting and detailed analysis of transaction-by-transaction dealings. It’s a complex and challenging process for even the most powerful companies. When errors...
by Levins Tax | Jan 10, 2022 | Uncategorized
Businesses that collect sales and use tax in Massachusetts were not required to file or make payments to the Department of Revenue (DOR) between March 2020 and October 30, 2021. Collection of the tax was still required on qualified sales during the period. The taxes...
by Levins Tax | Jan 10, 2022 | Uncategorized
If you do not pay your Commonwealth taxes, the collector will file a Notice of Massachusetts Tax Lien against all of your real and personal property. This may prevent the sale or transfer of the property and it might potentially harm your credit score. How do tax...
by Levins Tax | Jan 7, 2022 | Uncategorized
The Covid-19 pandemic continues to impact the way state income tax is paid and withheld in various states. Massachusetts, a state where many non-residents previously commuted to work, finds some workers now working remotely, either permanently or part-time, from the...
by Levins Tax | Jan 7, 2022 | Uncategorized
Tax evasion is more complicated than forgetting to file a tax return. The common theme in criminal tax evasion is a willfulness to avoid assessment of a tax or actions taken to purposely evade the payment of taxes. I.R.C. § 7201 – Attempt to evade or defeat...
