Friday, September 20, 2019

Massachusetts / Rhode Island NATP Chapter Annual Meeting & Educational Seminar October 22nd 2019 - 1 Month Away!!

Massachusetts / Rhode Island NATP Chapter Annual Meeting & Educational Seminar October 22nd 2019





Join the Massachusetts / Rhode Island NATP Chapter on Tuesday, October 22nd, 2019 for our Annual Meeting & Educational Seminar. This all day event will be held at the Holiday Inn in Mansfield, MA. We have negotiated a room rate of $119 if you would like to stay at the hotel. Please book this by October 11th and mention that you are with NATP. Registration details are below, and is handled online by National. Take a look at the details on our speaker and topics provided in this great Continuing Education  opportunity including continental breakfast, snacks, lunch, vendors and great networking opportunities. This seminar is limited to the First 100 Registrants!


  • For online registration with credit card, click here.
  • To register by phone, fax or mail, click for the registration form.
  • After October 21st, please print the form (see link above) and register at the door.

Registration 7:00 am to 7:45 am (Continental Breakfast Included)
Education 7:45 am to 5:00 pm
Annual Meeting Prior to Lunch (Lunch Included)

CE Credits -
8 Federal Tax Law Topics


Speaker - Kathryn Morgan, EA, NTPI Fellow


Topics:

Tax Research Tips

Residential Rentals

Working From Home

Taxes in Divorce


Kathy just completed her 24th year with H&R Block working in the Bossier City Premium office. Her prior careers as a USAF military police officer and as a police communications officer for the Bossier City Police give her a wide variety of experience that translate into tax issues. She proudly holds the titles of Enrolled Agent, Fellow NTPI, Instructor, and Representation Specialist.

She has been published by several tax research companies, including Parker Tax Publishing and TaxConnections.com. She is a accomplished speaker and instructor on a wide variety of tax issues. Through her company, Puzzled By Taxes?, she offers speaking, writing, and instruction.

Kathy lives and practices in the Shreveport Louisiana area and when not "talking tax" she enjoys spending time with her grandchildren and family, writing and reading.

Wednesday, September 18, 2019

Does Your State Have a Marriage Penalty?

Janelle Cammenga, Policy Analyst
Tax Foundation
Today’s map zeroes in on states that have a “marriage penalty” in their individual income tax brackets.

Under a progressive, graduated-rate income tax system, tax rates increase as a taxpayer’s marginal income increases. A marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that apply to single filers. In other words, married couples who file jointly under this scenario face a higher effective tax rate than they would if they filed as two single individuals with the same amount of combined income.

This non-neutral tax treatment is particularly harmful to owners of pass-through businesses, who pay taxes on their business income under the individual income tax system. Under a marriage penalty, married business owners are subject to higher effective tax rates on their business income than they would be otherwise.

Fifteen states (displayed in pink on the map below) have a marriage penalty built into their bracket structure. Seven additional states (Arkansas, Delaware, Iowa, Mississippi, Missouri, Montana, and West Virginia), as well as the District of Columbia, offset the marriage penalty in their bracket structure by allowing married taxpayers to file separately on the same return to avoid losing credits and exemptions. Ten states have a graduated-rate income tax but double their brackets to avoid a marriage penalty: Alabama, Arizona, Connecticut, Hawaii, Idaho, Kansas, Louisiana, Maine, Nebraska, and Oregon.

The ability to file separately on the same return is important in states that do not double bracket widths, as is the ability to do so even if the couple files jointly for federal purposes. While married couples have the option of filing separately—though some states only allow this if they do so on their federal forms as well—this normally creates a disadvantage, because it either disallows or reduces the value of deductions and credits available to the family jointly, which is also a form of marriage penalty. Filing separately on the same return eliminates this problem, though at the cost of slightly greater complexity than the obvious, simple solution of doubling tax brackets for joint filers so that there is no penalty for filing jointly.


Thursday, September 5, 2019

Massachusetts Paid Family Medical Leave is Here



Are you PFML ready?

Massachusetts' Paid Family and Medical Leave program is here. And if you employ anyone, you are now required to get your business or non-profit PFML ready.

Withholding starts on October 1st.

Paid Family and Medical Leave

Find out everything you need to know, including contribution rates, important deadlines, who is covered and who is excluded, and how to apply for an exemption.

Visit mass.gov/pfml today.


Thursday, August 22, 2019

Massachusetts / Rhode Island NATP Chapter Annual Meeting & Educational Seminar October 22nd 2019

Massachusetts / Rhode Island NATP Chapter Annual Meeting & Educational Seminar October 22nd 2019





Join the Massachusetts / Rhode Island NATP Chapter on Tuesday, October 22nd, 2019 for our Annual Meeting & Educational Seminar. This all day event will be held at the Holiday Inn in Mansfield, MA. We have negotiated a room rate of $119 if you would like to stay at the hotel. Please book this by October 11th and mention that you are with NATP. Registration details are below, and is handled online by National. Take a look at the details on our speaker and topics provided in this great Continuing Education  opportunity including continental breakfast, snacks, lunch, vendors and great networking opportunities. This seminar is limited to the First 100 Registrants!

  • For online registration with credit card, click here.
  • To register by phone, fax or mail, click for the registration form.
  • After October 21st, please print the form (see link above) and register at the door.

Registration 7:00 am to 7:45 am (Continental Breakfast Included)
Education 7:45 am to 5:00 pm
Annual Meeting Prior to Lunch (Lunch Included)

CE Credits -
8 Federal Tax Law Topics


Speaker - Kathryn Morgan, EA, NTPI Fellow


Topics:

Tax Research Tips

Residential Rentals

Working From Home

Taxes in Divorce


Kathy just completed her 24th year with H&R Block working in the Bossier City Premium office. Her prior careers as a USAF military police officer and as a police communications officer for the Bossier City Police give her a wide variety of experience that translate into tax issues. She proudly holds the titles of Enrolled Agent, Fellow NTPI, Instructor, and Representation Specialist.

She has been published by several tax research companies, including Parker Tax Publishing and TaxConnections.com. She is a accomplished speaker and instructor on a wide variety of tax issues. Through her company, Puzzled By Taxes?, she offers speaking, writing, and instruction.

Kathy lives and practices in the Shreveport Louisiana area and when not "talking tax" she enjoys spending time with her grandchildren and family, writing and reading.

Tuesday, August 13, 2019

MA DOR Update: Meals NOT Exempt From Tax For Sales Tax Holiday

As previously reported, recent legislation included meals in a list of items to be exempt from sales tax during the Sales Tax Holiday. That legislation was amended on August 1 to remove meals as an item to be exempt from tax during the Sales Tax Holiday.

If you ordinarily charge sales tax on meals that you sell, nothing will change for you during the Sales Tax Holiday. You will continue to charge sales tax on meals. 

The Sales Tax Holiday for 2019 will take place on August 17 and 18.

You can find more information on the sales tax holiday, including FAQs on what’s included, what’s excluded, and what to do if you accidentally charge sales tax on an excluded item.