Guidebook to Massachusetts Taxes (2020)

CCH's Guidebook to Massachusetts Taxes is the perfect resource for concise explanation for practitioners working with state taxation in Massachusetts. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, giving a general picture of the state tax laws and regulations and highlighting the significant cases and administrative rulings. This annual publication is useful to tax practitioners, in-state and multistate businesspersons, and those who are obligated to file Massachusetts returns or who are required to deal with Massachusetts taxes.

Now in its 50th edition, this popular handbook is the one source those involved with Massachusetts taxation need for timely and accurate answers in a convenient and accessible desktop format. It presents concise coverage of the taxes of major interest:

• personal income tax
• corporation excise (income) tax
• taxes on banks and other financial institutions
• sales and use taxes
• estate tax

  Other Massachusetts taxes are summarized, as well, with particular emphasis placed on persons or transactions subject to tax, exemptions, basis and rate of tax, and returns and payment.

  For the user's convenience in determining what is new in the Massachusetts tax law, a special Highlights of Tax Changes section is included to provide at-a-glance awareness of key recent developments in the law. While this handbook focuses on the law applicable to the filing of income tax returns in 2020 for the 2019 tax year, legislative changes effective after 2019 are also noted with an indication of the effective date to avoid confusion and to assist in future tax planning. Helpful references to both the Massachusetts and related federal provisions are provided throughout for those who wish to examine full text of the applicable law. Also, detailed Tables of Contents, Law and Regulations Finding Lists, a Topical Index and organized presentation of the content make pinpointing critical information quick and easy. Helpful references to specific paragraphs in the comprehensive CCH Massachusetts Tax Reports service are also provided throughout the Guidebook to assist users in further, more comprehensive tax research and tax planning.

  Highlights of 2019 Massachusetts Tax Changes

• Tax Calendar
• Part I - Tables
• Part II - Personal Income Tax
• Part II.5 - Pass-Through Entities
• Part III - Corporate Excise (Income) Tax
• Part IV - Taxes on Banks and Other Financial Institutions
• Part V - Sales and Use Taxes
• Part VI - Estate Tax
• Part VII - Property Tax
• Part VIII - Miscellaneous Taxes
• Part IX - Administration and Procedure
• Part X - Doing Business in Massachusetts
• Part XI - Unclaimed Property