Massachusetts tax filing applies for those who work in Massachusetts
Did you work in Massachusetts last year? Massachusetts tax filing applies to you. Therefore, you must file a Massachusetts income tax return on all gross income $8000 or more. Income can be from a job you hold, interest earned on savings, social security, winnings from the lottery, or any other sources. It is all income regardless where it comes from. We understand that paying taxes on your hard-earned income is tough. Unfortunately, we all have to report it and file a tax return – state and federal.
Full Year Massachusetts Residents
Full year residents who earn or accumulate Massachusetts gross income over $8,000 during last year must file a Massachusetts tax return. Gross income is income you earn prior to taxes being taken out or taxes withheld. Residents must file Massachusetts Form 1 – Resident Individual Income Tax Return.
Nonresidents Employed by a Massachusetts Business
Were you a non-resident yet made money from a Massachusetts business or contractor? Nonresidents who work in Massachusetts or earn income though sources within Massachusetts listen up. You must file a Massachusetts income tax return when your income exceeds $8,000. This also applies to the prorated personal exemption to which your are entitled. This Department of Revenue ruling is according to which is less. Nonresidents file Massachusetts Form 1 NR/PY entitled Nonresident/Part-Year Resident Individual Income Tax Return.
Part-Year Massachusetts Residents
For Part-year residents who obtain or accumulates Massachusetts gross income over $8,000 during the taxable year must file a Massachusetts income tax return. The form that part-time residents file is entitled Nonresident/Part-Year Resident Individual Income Tax Return or Massachusetts Form 1 NR/PY.
Do you owe money to Department of Revenue in Massachusetts?
You must make sure your April 15, 2019 is the Massachusetts tax filing deadline. File your taxes by that deadline regardless if cannot pay the amount due with my return. If you don’t have the total amount you owe on your return, you should try to pay 80% required so you can file an extension. If you cannot reach that amount, then pay what you can. When you file on before the deadline, the Massachusetts Department of Revenue you will not have to pay late filing penalties, but you will still have the interest and late payment penalties. However, even if you can’t pay the 80 percent, you are still must file on time. DOR will issue you a bill for the balance due, plus the interest and late payment penalty.
Can I arrange a payment option?
When the amount due is less than $5,000, you may arrange a payment option with the Massachusetts Department of Revenue. In order to know whether you qualify or not, Worthtax is available to help you access and file the application accurately. We help you take the guess work out of the equation. For other money due, Worthax will offer you you tips on how to avoid collections. Keep in mind that Massachusetts has the right to put a lien on your bank accounts. Also, the State of Massachusetts has the right to put a levy against your earnings. Our tax experts will help you arrange a small payment agreement which should allow you to make monthly payments to meet your tax requirement. You must note that when you request a payment agreement, interest and penalties will continue to up on any portion of the balance outstanding.
Do you have more questions regarding Massachusetts Tax Filing?
No matter how you slice it when it comes to receiving or accruing income from a Massachusetts business or employer, you will have to file your taxes with the Massachusetts Department of Revenue. There are alternatives for you to select from when you file your income taxes for Massachusetts. The fastest option for receiving your refund is to go with electronic tax filing. To start, call Alex Franch, BS EA at 781.849.7200 or email us at contactus@worthtax.com for additional information. Worthtax is an ultra-convenient service that uses a triple-check accuracy system that will help you get your taxes completed and filed on time. Worthtax has locations in Norwell, Dedham, and Weymouth.
Alex Franch, BS EA
Alex is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Alex is an Enrolled Agent and has a decade of tax preparation experience. He is passionate about serving businesses with tax and financial planning.
Sources and Resources
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