Do I have to file a tax return? This is a question many taxpayers ask during this time of year – tax time. The question is far more obsure than people believe. To fully understand, we need to consider that there are times when individuals are REQUIRED to file a tax return, and then there are times when it is to individuals’ BENEFIT to file a return (even if they are not “required” to file).
Do you earn wages? Are those wages your main source of income? Did you received a very large refund — or worse, did you owed money? Maybe your employer is not withholding the correct amount of tax. Don’t get me wrong, it probably isn’t your employer’s fault. Sure, you like a big refund, but you have to remember you are only getting your own money back that was over-withheld in the first place. Why not
Do you have an unclaimed refund? Each year the IRS reports about $1 billion in unclaimed refunds for individuals who did not file a tax return. The IRS estimates that approximately half of the unclaimed refunds … Read More
If you already filed your Massachusetts or federal tax return and are due a refund, you can check the status of your refund online. Federal/IRS – Where’s My Refund? Where’s My Refund? is an interactive tool … Read More