Tuesday, March 29, 2011

Tuesday, March 22, 2011

Income in the US

The average annual income for the bottom 90% of Americans is $31,244.

The average annual income for the top 1% of Americans is $27 million.

The 9% in between - the ever-shrinking middle class!

Wednesday, March 16, 2011

Fidelity Eliminating 1100 Massachusetts Jobs

Fidelity is eliminating 1100 of its 8400 Massachusetts jobs by closing its Marlborough facility.

Friday, March 11, 2011

IRS is trying to help taxpayers facing IRS debt!

The IRS is raising the threshold before liens attach. They are also making the process for lien removal/withdrawal easier once taxes are paid.

For an unpaid assessment of $25K or less, taxpayers can get a lien withdrawn after making a debit installment payment agreement.

A new offer in compromise program will allow taxpayers, with incomes less than $100K, and a liability less than $50K, to make an offer to settle tax debt for less than the full amount, based on an IRS determination of ability to pay.





Monday, March 7, 2011

Massachusetts Tax Refunds

To date, the average Massachusetts tax refund (tax year 2010) is $479.

This time last year the average was $488.

Thanks to Ray Bliss of Mass DOR for providing this information!

Saturday, March 5, 2011

Average Tax Refund as of March 4th

The average tax refund is $3,129 as of March 4th, 2011. At this time last year, the average was  $3,149.

Tuesday, March 1, 2011

1.1 Billion Unclaimed!


The IRS wants you to know it has $1.1 billion for taxpayers who didn't file a 2007 income tax return. Filing deadline is April 15th, 2010!