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

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

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

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

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

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

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

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

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

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

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

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

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

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

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