New England Tax Specialists

To Our Clients and Friends: Another challenging year has just passed. While the COVID-19 crisis has lessened, international events have led to supply chain issues and inflationary prices. Since income may not rise at the same rate as expenses, saving on income taxes...

“In many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs. This is frustrating for taxpayers, for IRS employees and for me,” IRS Commissioner Charles Rettig said in a statement. “IRS employees...

Taxpayers should keep these letters to help with their 2021 tax returns The IRS will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Those...