What Is a Tax Return Audit—and Why Is It Happening to You? You just got a notice from the IRS, or maybe an agent from the Massachusetts Department of Revenue is knocking at your door. Suddenly, you’re in the middle of a tax return audit—and it’s no joke. Audits can drag on for months and …
What Is a Tax Return Audit—and Why Is It Happening to You? Read More »
What Happens If a Mechanic’s Lien Is Not Filed Correctly? You did the work. You haven’t been paid. Now what? If you’re relying on a mechanic’s lien to protect your business, you better make sure it’s done right. Because here’s the truth: If you mess it up, even slightly, you might lose your only shot …
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Common Legal Mistakes Nonprofits Make (And How Non Profit Lawyers Can Help) Running a nonprofit sounds noble, right? You have a mission, you have supporters, and you want to make a difference. But even the most well-intentioned organizations can land in serious legal trouble if they overlook key compliance steps. Could your nonprofit face fines, …
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Harvard in the News: Could Your Nonprofit Face the Same Risk? Harvard is making headlines, and not for its academics. The university is now facing questions about whether it still qualifies as a nonprofit. Why? Because there’s growing concern it’s stepped outside the boundaries of its tax-exempt purpose.If Harvard can land in hot water, your …
Harvard in the News: Could Your Nonprofit Face the Same Risk? Read More »
Can You Deduct Gambling Losses on Your Taxes? Here’s What the IRS—and Your State—Wants to See You hit the jackpot—or maybe you didn’t. Either way, if gambling played a role in your finances last year, the IRS wants a look. Yes, gambling winnings are taxable. Every dollar. But what about your losses? Can you deduct …
Are Self-Employed Individuals’ Chances of Being Audited Higher? The Fear of an Audit Nobody wants to receive that dreaded letter from the IRS. If you’re self-employed, you may have heard that your chances of being audited are higher. Is that true? Unfortunately, yes. The IRS tends to scrutinize self-employed individuals more closely. But why? And …
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Finished the job and STILL waiting to get paid?
File a Mechanics Lien before it’s too late.
Today’s Tax Propaganda: Suspension and Driver’s Licenses! “Did you know that the Massachusetts Department of Revenue suspends your driver’s license if you fail to file your tax returns or fail to pay your taxes? Then the state suspends your car registration – including the cars registered to you that your family members drive!” Don’t wait …
Today’s Tax Propaganda: Suspension of Driver’s Licenses! Read More »
Today’s Tax Propaganda: Divorce and Taxes and YOU! Did you know that the MOST important document in your divorce is the “The Financial Statement?” WARNING: If you own your own business or own investment real estate,“The Financial Statement” is more complicated than it looks! It requires: 1. Info from Schedule C and Schedule E on …
Today’s Tax Propaganda: Divorce and Taxes and YOU! Read More »
Why you should set up an LLC Setting up an LLC is SO important because it shields your personal liability. Did you start your own business post-pandemic? Did you quit working for The Man? Is your Side Hustle now your Main Hustle? These legal tips are for you! Insurance doesn’t cover everything! Have questions regarding …
