April 4, 2021 | in PPP Loan | Tax | Tax Preparation

Important information for taxpayers from the Massachusetts Department of Revenue

Some important, recent legislative changes will have an impact on Massachusetts taxpayers. The changes affect the treatment of unemployment income and Paycheck Protection Program [PPP] loan forgiveness. Additionally, the individual income tax filing and payment deadline was recently extended. Click here for more information.
Tags: 2021, audits, partnerships, PPP, ppploan, ppploanforgiveness, tax, tax credit, trustee tax