MASSACHUSETTS TAX
AMNESTY

MASSACHUSETTS TAX
AMNESTY 2024

Massachusetts tax amnesty program 2024 has been announced starting from 1st of November till 30th of December 2024. Massachusetts tax amnesty program 2024 offers waiving of penalties, Relief for unfiled returns and tax liabilities and limited Lookback for eligible tax payer. 

Massachusetts Budget legislation was passed on 29th of July 2024 which allow a 60-day amnesty program for the year end June 30th 2025. The amnesty program is from November 1st till 30th of December 2024. This enables eligible individuals and businesses to file overdue returns and pay taxes and interest owed for periods with returns due by December 31, 2024. Most penalties will be waived, and there is no limit on the lookback period for reporting overdue taxes, although a limited lookback applies to non-filers. 

As a law firm and experienced attorney in MA, we suggest the situations thoroughly assessed by an experienced tax attorney to determine if an amnesty program is suitable for their unique circumstances. 

We suggest you book an appointment with law attorney at MCGinn Law PC by clicking here. 

MASSACHUSETTS TAX
AMNESTY Program Criteria

Massachusetts Tax Amnesty Program is a 60 days amnesty program from 1st of November 2024 till 30th of December is established by Commissioner of Revenue. 

There a criteria that need to be met by individuals and businesses in order to avail of the amnesty program. Corporate excise, personal income tax, and sales tax are eligible for this amnesty scheme. Eligible taxpayers can file delinquent or amended returns, pay any outstanding tax and interest, and benefit from a waiver of most tax penalties. A three year look back period can also advantage Non-filers. To apply for amnesty, eligible taxpayers must submit an amnesty request online through Mass Tax Connect. 

This Technical Information Release (TIR) outlines several key aspects of the Amnesty Program, including: 

– The amnesty period and payment deadline 

– Eligibility criteria for taxpayers and applicable tax types 

– General guidelines for the program 

– Benefits of participating in the amnesty 

– Procedures to follow under the program 

– Exceptions and limitations that apply to the program 

Each of these sections provides critical information for eligible taxpayers looking to take advantage of the tax amnesty opportunity in MA. 

To know more about Massachusetts Tax Amnesty Program procedure click here.

Ineligible Taxpayer
for Massachusetts Amnesty scheme 2024

Below are the tax payer who are ineligible for amnesty scheme 2024 

  • A tax payer who does not have any Massachusetts tax pending 
  • A tax payer who have credit balance or seeking refund 
  • A taxpayer who is or has been the subject of a tax-related criminal investigation or prosecution concerning any tax is not eligible to participate in the Amnesty Program, unless they have been fully exonerated by a court of law. 
  • A taxpayer involved in litigation with the Commissioner over a specific tax type and period is not eligible for the Amnesty Program if, by November 1, 2024, the Appellate Tax Board or a court has ruled in the Commissioner’s favor. The taxpayer is also ineligible for subsequent tax periods if the same or a similar issue is under review for those periods. 
  • A tax payer who have disclosed or delivered fraudulent return, document or application related with amnesty to the department is also not eligible for amnesty scheme. 
  • Active bankruptcy tax payer 
  • A taxpayer is ineligible for the Amnesty Program concerning any tax type and period for which amnesty was previously granted under St. 2015, c. 46, § 151 or St. 2016, c. 70, §§ 17 and 18. 
  • A taxpayer who underreports the full tax amount due on a return submitted as part of an Amnesty Request or who attempts to evade or defeat a tax through participation in the Amnesty Program will be disqualified from the program. 
  • Taxpayer with settled agreements with commissioner reached through the Department’s Litigation Bureau, Office of Appeals, or Offer-in-Settlement Unit concerning the period covered and specific tax type by that settlement will be disqualified from participating in the Amnesty Program. 

Massachusetts 2024
Eligibility criteria

Tax penalties waive is only available to eligible tax payer. An eligible tax payer can be any individual or business who meet the following criteria for Massachusetts amnesty program.

  • Failed to report full amount of tax due previous year 
  • Insufficient or incorrect file return have be filed. 
  • Fail to file a tax return due or before 31st of December 

One of the following assessment 

  • A self-assessed and unpaid tax liability shown on a bill issued by the Commissioner on or before December 30, 2024, or 
  • A tax liability that was formally assessed by the Commissioner on or before December 30, 2024, and remains unpaid. 

This specifies the timeline for tax liabilities that are still outstanding and relevant for enforcement or payment processes. 

To Know more about Massachusetts’s tax Amnesty Eligible Tax Payer click here.

Massachusetts Taxpayer
in Payment Agreements

Taxpayer who have already been in payment agreement before the amnesty period and are also eligible for tax types maybe eligible to take advantage of Amnesty scheme. The Commissioner will waive penalties for any tax period with a return due on or before December 31, 2024, as long as the full tax and interest are paid during the Amnesty Period. However, penalties related to tax liabilities already covered by a Payment Agreement, which were paid before the Amnesty Period, will not be waived under the program. 

Massachusetts Taxpayer
with Appeals

A taxpayer with an ongoing appeal regarding an assessment by the Commissioner for a period covered by the Amnesty Program may still qualify for the program. To participate, the taxpayer must submit an Amnesty Request online at Mass Tax Connect and pay the full amount of taxes and interest owed during the Amnesty Period. 

Massachusetts Amnesty
2024 due date

As we discussed above that Massachusetts amnesty due date is 30th of December not later than 11:59 EST. Amnesty must be submitted electronically whereas tax returns and payments can be submitted to revenue department through U.S. mail or electronically. To submit an amnesty request online taxpayer must submit it through Mass Tax Connect.

McGinn Law PC
and Massachusetts 2024 Amnesty scheme

The IRS attorneys for Massachusetts Amnesty at Mc Ginn Law PC carefully take client through all phases with IRS.  

McGinn Law PC as experienced law firm are well-versed in the eligibility criteria for individuals and businesses trying to be part of Massachusetts Amnesty scheme. Although we have mentioned eligibility criteria with Massachusetts amnesty 2024 but we strongly advise consulting with a qualified tax attorney before proceeding. 

We suggest you to talk to attorney at McGinn Law PC and schedule an appointment by clicking here.