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We're working to keep you informed in a world that changes by the minute. If you have anything you'd like to share, or if we can help you in any way, please reach out to Zach Donah at zdonah@mscpaonline.org or 617.303.2411, or Larry Liuzzo at lliuzzo@mscpaonline.org or 617.303.2405.
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SD.172: Addressing Massachusetts Tax on Forgiven PPP Income
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Thank you to all of you who contacted your state legislators to encourage them to enact SD.172 as soon as possible.
Through your efforts, over half of the Senate and a quarter of the House were contacted directly by their constituents.
There is growing momentum to pass the bill as legislators across the political spectrum continue to sign on as co-sponsors. We do not know when a vote on the legislation will take place, but we do know that our advocacy has kept the pressure on Beacon Hill to act.
If you have not yet had the chance to reach out to your legislators, there is still time to do so. For your convenience, we drafted an email that you can use to contact your legislators. To find your state representative and state senator, click here.
Thank you for your help in our advocacy efforts, especially as you are in the midst of busy season. We will keep you updated on the progress that we make.
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Massachusetts Now Opening Vaccine Appointments to Individuals 65 and Over
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The Baker administration announced that individuals aged 65 and over, as well as those with two or more certain medical conditions, may begin making appointments for the COVID-19 vaccine today. To book an appointment, click here.
The administration is preaching patience as more than 1 million Massachusetts residents will become eligible for the vaccine, which is in high demand, but with limited supply.
For more information on who is now eligible to book an appointment, additional resources and general guidance, click here.
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AICPA Seeking Feedback on April 15 Tax Filing Deadline
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The AICPA would like tax practitioners to weigh in regarding the upcoming April 15 tax filing and payment deadline.
To take this brief survey, click here.
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2020 Earned Income Tax Credit Information
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Included in the last federal COVID-19 financial relief package, signed in late December 2020, is a lookback provision that allows taxpayers who qualify for the Earned Income Tax Credit (EITC) to choose either their 2019 or 2020 income earnings, whichever is higher, for this year’s EITC.
To figure the EITC credit, click here.
For more information and resources on the EITC, click here.
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Guidance for Paycheck Protection Program (PPP)
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DOR & IRS Updates
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