Personal Taxes
What is a Deduction?
When tax season comes around people love to talk about deductions. Tax deductions, put in the simplest way, are items that lower your taxable income
January 30, 2023
Financial Market
Q4 Market Update
Thayer 4Q22 Commentary/Key Questions What happened in the fourth quarter and year 2022? The fourth quarter of 2022 brought modest relief to financial
January 13, 2023
Personal Taxes
Estimated Payments
In our income tax system, you are supposed to pay income tax on the income when you earn it. This means you are supposed to
January 5, 2023
Corporate Taxes
1% Excise Tax on Corporate Stock Buyback
Stock buybacks are a common corporate strategy to boost stock prices and increase shareholder value. A significant amount of buybacks take place in the United
November 18, 2022
New Tax Guidelines
EV Tax Credit
Summary: The Inflation Reduction Act of 2022 (IRA) is the biggest federal investment to fight climate change in American history. The law provides financial incentives
October 24, 2022
New Tax Guidelines
IRS Budget Increase
Key points: The IRS got $80 billion to beef up and target rich tax evaders The big climate and health care bill passed by the
October 12, 2022
Personal Taxes
Federal COVID Tax Relief
To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service issued Notice 2022-36, which provides penalty relief to most people and businesses
September 20, 2022
Personal Taxes
Massachusetts State Tax Refund
More than three million Massachusetts taxpayers will be getting some money back from the state starting in November. Massachusetts is returning $2.941 billion in excessive
September 20, 2022
New Tax Guidelines
The Inflation Reduction Act & How It Effects Alternative Minimum Tax
Key points: Perhaps one of the most controversial pieces of the Inflation Reduction Act (IRA) is the expansion of the Internal Revenue Service (IRS). There
September 14, 2022
Personal Taxes
The IRS is Backlogged, and It Keeps Growing
As of May 31st, there were 21.3 million unprocessed paper returns. That is a 1.3 million jump from a year ago. Paper filed returns have
June 23, 2022