Massachusetts ~ Multiple Taxes: Additional Taxpayers Required to File Electronically in 2016

The Massachusetts Department of Revenue has issued a technical information release (TIR) announcing that, effective January 1, 2016, additional taxpayers will be required to file and pay their taxes electronically. The taxpayers impacted by the new requirements are: (1) new business registrants for the following excises: alcoholic beverages, cigarettes and tobacco, gasoline and fuel, ferry embarkation, satellite service, or Convention Center financing surcharges; (2) businesses with combined annual liability for wage withholding, sales and use tax, and other transactional taxes at or exceeding $5,000; (3) certain businesses and organizations, including financial institutions, urban redevelopment excise filers and 501(c) corporations, reporting annual gross income of $100,000 or more on their corporate excise returns; (4) insurance companies; (5) new and renewal applicants for tobacco retailer licenses; and (6) new and renewal applicants for distributors, importers and exporters of gasoline and user-sellers or suppliers of special fuels licenses. According to the Department, it will have in place all systems necessary for taxpayers to comply with the electronic filing and payment requirements by January 1, 2016.

Technical Information Release 15-9, Massachusetts Department of Revenue, October 2015, ¶401-556

 

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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