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What Are the Key Differences in Costs Between DIY Filing and Your Professional Service

Compare DIY tax software costs against CPA fees for complex returns. Edward Parsons, CPA reveals why professional service protects against costly

IRS Risks for Delayed Tax Compliance on Foreign Assets

Understand IRS penalties for late FBAR and FATCA filing. Edward Parsons, CPA explains non-willful vs. willful violations and compliance relief options.

Non-Willful FBAR Treatment: What Steps Should I Take if I Believe I Qualify for Non-Willful FBAR Treatment

Learn non-willful FBAR treatment steps, penalty caps, and how Edward Parsons, CPA helps clients file delinquent reports and qualify for reasonable

How Can I Determine If I Qualify for Streamlined Filing Options

Determine if you qualify for IRS streamlined filing compliance procedures. Edward Parsons, CPA explains non-willful conduct requirements and filing steps.

FBAR Non-Willful Penalty Options Explained

Understand non-willful FBAR penalties up to $16,536/year and relief options including abatement, streamlined filing, and reasonable cause arguments from Edward.

Meals Tax vs Sales Tax in Massachusetts: Mixed Businesses, Markets and Food Trucks

A business selling both groceries and prepared food runs two tax regimes at once: exempt food products on one side, meals

Opening a Restaurant in Massachusetts: The Complete Tax Registration Checklist

Massachusetts requires a restaurant to register with the Department of Revenue to collect meals tax before the business opens, not after

Tips, Service Charges and Massachusetts Meals Tax: What Gets Taxed on the Bill

A voluntary tip is never part of the taxable meal price. A mandatory service charge can also escape Massachusetts meals tax,

Massachusetts Meals Tax Audit: Red Flags, POS Records and How DOR Rebuilds Your Sales

A Massachusetts meals tax audit does not begin with a restaurant’s books. The Department compares reported sales against point-of-sale data, credit

How to File and Pay Massachusetts Meals Tax on MassTaxConnect: Due Dates and Advance Payments

Massachusetts meals tax is filed monthly through MassTaxConnect, with the return due 30 days after the filing period closes. Vendors whose

What Counts as a Taxable Meal in Massachusetts: Bakeries, Coffee, Takeout and Catering

A taxable meal in Massachusetts is food or drink prepared for immediate consumption and sold by a restaurant or the restaurant

Boston Meals Tax and the Local Option: Which Massachusetts Cities Charge 7%

Boston charges 7% on restaurant meals: the 6.25% state tax plus the 0.75% local option excise. A city or town adopts

Massachusetts Restaurant Tax Rate: How the 6.25% Plus 0.75% Actually Works

The 7% on a Massachusetts restaurant check is two taxes: the 6.25% state sales tax on meals plus a 0.75% local

Massachusetts Alcohol Tax for Bars and Pubs: Excise, Sales Tax and the Pour

Massachusetts taxes alcohol in two places. A per-gallon excise is paid upstream and built into the wholesale price, invisible on any

Massachusetts Food Tax: Groceries vs Prepared Food (What Is Taxed and What Is Not)

Grocery food is exempt from Massachusetts sales tax and prepared meals are taxed at 6.25% plus any local option. The dividing

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Buying a Car in New Hampshire to Avoid Massachusetts Sales Tax: Does It Work?

Buying a car in New Hampshire does not avoid Massachusetts sales tax. New Hampshire charges nothing at

International Tax Compliance for CFCs in United States

Form 5471 filing requirements for U.S. shareholders of controlled foreign corporations. Edward Parsons, CPA provides guidance on

Massachusetts Sales Tax on Cars: Dealer, Private Sale and Trade-In Rules

Massachusetts charges 6.25% sales tax on vehicle purchases, collected by the RMV at registration. Dealer buyers pay

Colombian Bank Account Tax Reporting Requirements

U.S. persons with Colombian bank accounts must file FBAR forms when balances exceed $10,000. Edward Parsons, CPA

Colombian Bank Account Tax Compliance for US Taxpayers

US taxpayers with Colombian bank accounts must file FBAR and Form 8938 under FATCA. Edward Parsons, CPA

Streamlined Procedures for FBAR Compliance in Colombia

Streamlined FBAR filing for Colombia accounts. Edward Parsons, CPA helps U.S. citizens catch up on delinquent returns

International Tax Compliance for Foreign Corporations

Resolve delinquent Form 5471 filings for foreign corporations. Edward Parsons, CPA handles catch-up filings and IRS compliance

What Are the Consequences of Failing to File FBAR

Learn what happens when a foreign corporation or its officers miss FBAR filing deadlines, including penalty exposure,

Massachusetts Tax Rates 2026: Income, Sales, Meals and Excise in One Table

Massachusetts taxes most income at a flat 5%, adds a 4% surtax on taxable income above an

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