Questions tagged [massachusetts]
Use this tag for questions related to rules and experiences specific to the State of Massachusetts in the United States.
69
questions
1
vote
1
answer
74
views
Massachusetts State Tax: Can one at the same time apply a FICA deduction on the state tax return and ask for a FICA refund?
I am J1 nonresident for tax purposes using the Sprintax software and I ran into a bit of a conundrum. The software is applying a FICA deduction for my MA state tax return but I am claiming a refund of ...
- 11
7
votes
1
answer
734
views
Where to file state income tax form?
My wife and I lived in Massachusetts as our primary residence for 2022. However my wife started a new job that is based in New York and works remotely in 2022. However, this job required her to have a ...
4
votes
0
answers
110
views
Does someone going to college in another state need to file Virginia Taxes?
Our son (19) goes to college in MA while we live in VA. This year for the first time we did not include him as a dependent in our 1040. During 2022 he had an internship & research ...
- 151
2
votes
3
answers
454
views
How to make estmated tax payments on ESPP/RSU?
I am selling some ESPP and RSU shares via Etrade. In the past, I ran into issues because Etrade did not withhold any taxes from the sale and at the end of the year, when it was time to file my taxes, ...
1
vote
0
answers
52
views
Tax implications of advance on a future tax refund
Pursuant to M. G. L. c. 62F, there is a limit on the amount of taxes that the state of Massachusetts can collect in a given tax year. Section 2 provides that the taxes collected year over year cannot ...
0
votes
1
answer
391
views
Should I file state tax return for a rental property in another state?
I lived full-time in Massachusetts in 2021. I have a rental property in another state (Michigan) and in 2021 I had rental income. This is reported on my federal tax return for 2021. Do I still need to ...
- 357
2
votes
2
answers
3k
views
Is Massachusetts Paid Family Medical Leave Benefit Taxable for Federal Taxes?
Massachusetts has a Paid Family & Medical Leave (PFML) program that state employers and employees contribute to. Residents can claim the benefit and if they get paid from it, they receive a 1099-G ...
- 217
5
votes
1
answer
667
views
Strange number on Massachusetts Form 1-NR/PY
I see the following:
Referring to line 3, I understand I have to divide the total days as Massachusetts resident with 365 and carry the division to four decimal places. This is explained nicely in ...
2
votes
1
answer
104
views
529 college saving plan only affect state tax return but not federal tax return, correct?
I just realized that the 529 plan contribution deadline is the end of the calendar year. So my first-time 529 plan contribution that happened a few days ago should not be counted in the year 2020 tax ...
- 421
1
vote
0
answers
29
views
Incremental tax rate for Massachusetts Estate Tax
Reference: https://smartasset.com/estate-planning/massachusetts-estate-tax
The MA estate tax has an exemption of 1 million, but once you are over, it looks like the estate tax is applied to the entire ...
- 8,592
0
votes
1
answer
240
views
Can I file state taxes for two states (MA,NY), claiming to be a non-resident at both?
MA requirement for a full year resident is living in the state for more than 183 days, while in NY the rule is that a full year resident is someone who lived there for more than 184 days. If a person ...
- 742
0
votes
2
answers
170
views
Mass Connector Health Plans and new employment
I'm currently self-employed and I have insurance through Massachusetts Health Connector, which is what the Affordable Care Act is called in Massachusetts. I have a good income level so I don't ...
- 7,556
2
votes
1
answer
53
views
Do you still need to file for Paid Family & Medical Leave tax if your company has no employees?
Is a company still responsible for filing PFML taxes if the organization has no employees (in the Commonwealth of Massachusetts)?
- 105
2
votes
2
answers
403
views
is there a process for ending tax residency in the US / Massachusetts
I worked in the United States (Massachusetts) under an H1B visa for three years (2017, 2018 and 2019). In December 20th 2019 I quit my job (which immediately terminated my H1B Visa) and permanently ...
2
votes
1
answer
107
views
What is the income tax exemption proration policy for Massachusetts part-year residents?
I moved to Massachusetts in the second half of 2019 and started a new job. I'm trying to calculate my exemption for the 2019 tax year. The "2019 Massachusetts Nonresident or Part-Year Resident Income ...
- 123
1
vote
0
answers
83
views
Are property taxes prorated per quarter or per fiscal year at closing?
We just closed on a property last week, and were surprised to see that property taxes were prorated for only the quarter in which the closing happened (Q3), and not for the full fiscal year.
Our ...
- 11
11
votes
6
answers
8k
views
selling appreciated stock vs gifting it to charity
Assume I have a stock that I purchased for $1000 and it now has a value of $5000, a potential long term capital gain of $4000. Assume also that I owe $20750 in total tax on an income of $80000 based ...
- 245
5
votes
2
answers
8k
views
How long after a hotel stay can you be billed in the US?
TL/DR: I stayed in a hotel and haven't been billed yet. At what point am I no longer legally responsible for the debt?
I used a well known website (expedia) to book a hotel room for a week in a small ...
- 1,143
2
votes
2
answers
3k
views
Can a brokered CD still count as "Massachusetts Bank Interest" for income tax purposes?
On the Massachusetts income tax Form 1, line 5 is for "Interest from Massachusetts Banks". This interest income gets an amount deducted from it ($200 for married filing jointly), and is reported there ...
user42405
3
votes
1
answer
1k
views
How does Massachusetts tax selling US Treasury Bills before maturity?
If I buy a 4-week US Treasury Bill at auction and hold it to maturity, the interest I earn is state-tax-free. Just to put a number on it (even though I know rates aren't actually that high right now), ...
user42405
6
votes
1
answer
2k
views
Is supporting a charity through specialty license plates tax-deductible?
In Massachusetts, one can get a license plate which supports particular charitable organizations. At renewal (every two years), these cost an additional $40 in registration fees, all of which gets ...
user42405
12
votes
3
answers
4k
views
If your medical expenses exceed your income does the IRS pay you?
My daughter is disabled and unable to work, so her income is zero. (She isn't officially declared disabled, which we're trying to fix, but I don't want to talk about that piece here.)
I've paid ...
- 221
1
vote
0
answers
193
views
Is a student attending an university in Massachusetts and interning for over 183 days in California count as a "Resident" for MA income tax purposes?
Does a student attending a university in Massachusetts and interning for over 183 days (in the same fiscal year) in California count as a "Resident" for Massachusetts income tax purposes?
I'm reading ...
- 11.4k
0
votes
0
answers
79
views
How to compute the "Total Adjustment Requested" when filing a dispute following a tax audit from Massachusetts?
I got audited by the state of Massachusetts, USA, due to a mistake I did when filing my 2015 Form 1 (mirror). The audit's conclusion was that I have to pay 1000 USD to Massachusetts, and in addition ...
- 11.4k
1
vote
0
answers
101
views
After checking a tax audit, Massachusetts is owing me some money: what interest should I claim?
I got audited by the state of Massachusetts, USA, due to a mistake I did when filing my 2015 Form 1 (mirror). The audit's conclusion was that I have to pay some amount to Massachusetts, which includes ...
- 11.4k
1
vote
1
answer
224
views
Can you file only a federal tax return (and not state) if you're not required to in the first place?
This is connected to my last question which you can find here. To restate, I made $5,040 in "Wages, tips, and other compensation". Normally, I'm not required to file taxes, but I have decided to in ...
- 435
3
votes
1
answer
119
views
Should I indicate on Form 1 for 2015 for Massachusetts my current address or my address in 2015?
I am filling out a 2015 Form 1 (mirror) for the state of Massachusetts in the United States. My address has changed since 2015: I now live in a different state in the United States. Am I supposed to ...
- 11.4k
0
votes
0
answers
46
views
Is it possible to appeal a notice of intent to assess after the appeal deadline stated on the notice has passed?
Is it possible to appeal a notice of intent to assess from Massachusetts (mirror) after the appeal deadline stated on the notice has passed? I saw the notice of intent to assess too late as I was ...
- 11.4k
2
votes
1
answer
167
views
MA 2015 Schedule Z line 12: "Income tax paid to another state or jurisdiction (from worksheet)" -> what worksheet are they talking about?
I am filling out a 2015 Schedule Z (mirror) in Massachusetts, USA, which I plan to attach to a 2015 Form 1 (mirror).
Line 12 says: "Income tax paid to another state or jurisdiction (from worksheet)". ...
- 11.4k
3
votes
2
answers
593
views
Can a state assess a capital gains tax on a sale of property owned by a non-resident?
If I own property in Massachusetts, but am not a resident of Massachusetts, and I sell that property at a profit, does the Massachusetts capital gains tax apply to my sale?
- 9,795
2
votes
1
answer
121
views
Will I have to file Massachusetts tax forms if I have almost no income?
I am moving out of Massachusetts in October, but it unclear to me whether I will need to fill out a Massachusetts tax form. I expect to have less than $10 in income in 2018, which is interest on a ...
- 9,795
1
vote
1
answer
787
views
Social Security/Medicare tax withheld on TN visa
For reference, I worked for 4 months at an internship in Massachusetts in the summer of 2016. I'm a Canadian citizen/resident, and don't pass the substantial presence test for 2016.
Is there anywhere ...
- 11
0
votes
1
answer
299
views
Tax Questions for Internship on TN Visa. Should I fill out Form 8843?
I worked for 4 months at an internship in Massachusetts in the summer of 2016. I'm a Canadian citizen and resident and have a few questions below. For background, I don't pass the substantial ...
- 11
4
votes
1
answer
105
views
Massachusetts company, working out of state
If I live in a state with no state income tax and work remotely (from home) for a company that is based in Massachusetts, do I owe any state income tax to Massachusetts? This is confusing me https://...
- 307
1
vote
2
answers
125
views
Filing a 1040 after filing 1040 ES
I'm trying to plan my taxes for 2018 (note, I have already filed taxes for 2017). I have about $5K of short term capital gains that have not had any tax withholding during the time Jan 1, 2018 - Mar ...
- 241
0
votes
1
answer
99
views
How to minimize taxes for a university lecturer?
I am a Green Card holder and work as a lecturer in a university at Massachusetts with income of about 15K. How can I prepare tax filings to minimize tax payments?
- 95
0
votes
1
answer
390
views
How to convert land zoned as Agricultural to Residential in Massachusetts [closed]
How can I convert a multi acre land, termed currently as "Zone Usage: Single Family/Agriculture" in central Massachusetts, into smaller residential pieces. What all are the procedures, dues, fees, ...
- 169
0
votes
1
answer
137
views
US Tax - Can I claim head of household if I have no dependents?
I am a Non-resident Alien paying all the expenses of my apartment. I am single and live alone. Can I claim Head of Household even if I have no dependents in USA?
Is the definition stated for Head of ...
- 123
2
votes
1
answer
143
views
How does sales tax on a cross-state vehicle sale work?
I am thinking of buying a boat in Connecticut and moving it to Massachusetts. The dealer says I pay no sales tax in Connecticut, only when I register it in Massachusetts do I pay.
Is this true? I ...
- 9,795
0
votes
1
answer
6k
views
How to write an earnest money check for a written real estate offer?
If I make a written offer complete with terms to buy a piece of real estate, there is the problem of how to draft the earnest money deposit.
In previous purchases of real estate I have made, what ...
- 9,795
2
votes
1
answer
159
views
Is a credit card deposit a normal part of the vehicle purchase process
I'm looking to buy a new car. I made an offer over email to several dealerships, and an agent from one of them told me that he can make it an official offer and present it to his boss if I give him my ...
- 123
3
votes
1
answer
249
views
How are taxes assessed on kit cars?
My current car is a production car so it has a standard blue book value that I assume my town is using to determine the personal property tax on it.
How is a car valued if it is a kit car or custom ...
- 9,795
4
votes
1
answer
189
views
What is the tax rate for selling stocks?
I worked at a company that offered stock options as part of their compensations. I left the company in 2015, and exercised my options in December of that year.
Now the company is being acquired and ...
0
votes
1
answer
1k
views
Several cents difference in the actual and calculated "Withholding Tax" values
I have decided to check/calculate my salary in a spreadsheet. All the numbers align correctly, except the federal Withholding Tax.
I have tried to use the Schedule 15, and Schedule 15A (Tax year ...
- 742
2
votes
1
answer
87
views
How to file federal and state (MA) taxes following legal name change?
I legally changed my name by becoming a U.S. citizen, but because all this happened recently (4/13), I am not sure how to file taxes by the 18th. I know I have to alert the SSA of the name change (I'...
- 23
1
vote
0
answers
2k
views
What do "resident" and "part-year resident" mean exactly in the context of the Massachusetts tax return?
I'm currently filling out my Massachusetts tax return for 2016.
Background: When it comes to US federal income tax I'm a non-resident alien and I was at a university in Massachusetts on a J-1 visa ...
- 119
1
vote
1
answer
681
views
In what cases can states tax non-residents?
If a person is a 100% resident of Oregon, and happens to work for a company located in Massachusetts, where does that person pay state income tax? It can't be that they have to pay taxes to both ...
- 181
23
votes
3
answers
5k
views
Bequeathed condo left to three children. How to sell if one party disagrees?
As the title states, a condo was bequeathed to each of an old man's three children. None of the children originally lived in the condo, nor do they currently live there. Two of the children want to ...
- 333
4
votes
3
answers
3k
views
What is the federal and state taxability of Massachusetts Solar Renewable Energy Credits (SREC)?
I installed a photovoltaic solar panel system on my house in the summer of 2015. (It's not a lease arrangement or the like; I own the solar panels outright.) As part of the government incentives for ...
user42405
4
votes
1
answer
122
views
State tax deduction of 529 account deposits?
My state (Massachusetts) will offer a tax deduction next year for up to $2000 in deposits to a 529 college savings account.
I have a credit card which offers 2% cash back. The choices were to have ...
