How do I file an extension for Massachusetts state taxes?

How do I file an extension for Massachusetts state taxes?

Extension of Time to Pay

1. Filers also may seek a 6-month extension of time to pay the amount due by submitting a written request on MassTaxConnect or by mail on or before the original due date of the return.
2. When an extension of time to pay is granted, interest on any unpaid tax accrues from the original due date.

Will Massachusetts extend unemployment benefits?

The Commonwealth of Massachusetts’ unemployment rate has triggered federal Extended Benefits (EB). Federal Unemployment Extended Benefits (EB) are now available for up to 13 weeks for certain eligible regular unemployment claimants.

What is the most effective method of decreasing taxes to increase revenue?

giving property tax breaks to corporations. reducing the minimum wage. decreasing the sales tax. exempting individuals from income taxes.

How can I increase my IGR?

To enhance internal revenue generation, strategies such as establishment of a dependable data base which is accessible is required, eliminating all sources of revenue leakages through the automation of revenue collection system, tracking the underground economy for more revenue generation, diversification of the …

Which criteria for effective taxes is violated by confusing instructions?

Which criteria for effective taxes is violated by confusing instructions? Simplicity.

What position did labor unions take on the free trade agreements passed in the 1990s?

What position did labor unions take on the free trade agreements passed in the 1990s? They were in favor of them because they believed new products would be offered. They were in favor of them because they believed US wages would rise.

Which type of money derives its value from government decree and not from gold or silver?

Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.

How can heavy federal debt lead to higher interest rates quizlet?

How can heavy federal debt lead to higher interest rates? The government causes increased borrowing competition, which leads banks to increase interest rates.

How can heavy federal debt lead to higher interest rates?

An increase in borrowing by the government will push interest rates upward, which will lead to a reduction in private spending. A. increase the real interest rate, which will crowd out private spending. Higher future taxes and interest rates will be required to finance the larger debt and this will weaken the recovery.

Which is an example of a federal government transfer payment quizlet?

Social Security benefits, welfare payments, veteran’s benefits, and unemployment compensation are examples of transfer payments. a payment of money (or goods and services) by a government to a household or firm for which the payer receives no good or service directly in return.

What is the purpose of a balanced budget amendment to the US Constitution quizlet?

The balanced budget amendment is a proposal for an amendment to the Constitution to limit government spending to the amount of money received in revenue. The federal government would have to control spending.

When the government aims to balance its budget is primarily tries to ensure that?

When the government aims to balance its budget, it primarily tries to ensure that revenue is greater than spending. borrowed funds can be repaid. taxes remain the same.

What impact can taxes have on the economy quizlet?

What impact can taxes have on the economy? Higher taxes reduce demand because consumers have less money to spend. Lower taxes reduce trade because the government has fewer funds to invest on roads. Lower taxes increase unemployment because the government cannot hire as many workers.

How can the national debt impact private businesses select all that apply?

(Select all that apply.) The national debt causes a crowding-out effect and increases interest rates for private borrowers. The national debt causes deflation and decreases interest rates for private borrowers. The national debt causes a crowding-out effect and increases interest rates for private borrowers.

What happens if there is an increase in the budget deficit?

Structural deficits are permanent, and occur when there is an underlying imbalance between revenues and expenses. When an increase in government expenditure or a decrease in government revenue increases the budget deficit, the Treasury must issue more bonds. This reduces the price of bonds, raising the interest rate.

What is an example of an item that would fall under mandatory spending?

Outlays for the nation’s three largest entitlement programs (Social Security, Medicare, and Medicaid) and for many smaller programs (unemployment compensation, retirement programs for federal employees, student loans, and deposit insurance, for example) are mandatory spending.