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Boston Massachusetts Form 4180: What You Should Know
Personal Examinations. Turpin for tax & other services in Boston. 8.1. Exclusion from calculation of income. Exemption from calculation of income. (Evaluate your circumstances & your needs) The Taxpayer Advocate Service. Fussbudget. Org For: Boston, MA. Exemption from calculation of income. 8.2. Refund of Refunded, Exemptions, and/or Hardship. If a refund has been made, you shall notify the Taxpayer Advocate Service before filing your 2023 taxes. If a partial or full refund has been made, you shall notify the Taxpayer Advocate Service before filing your tax return. (If possible, file your tax returns) 9. Rental and Lease Exemptions. (See below for complete form info.) 9.1. Rentals — Exemptions & Rental Fees. Exemption from calculation of income for renting or leasing residential property on the basis of the rental value or rental rate, provided the rental property is furnished as permitted by law. A separate exemption from the calculation of income is allowed for rentals, whether the rental is owned by the taxpayer. 9.2. Leases — Rent Tax Exemption. Rental and lease exemption: • The term of the lease may not exceed a period of 3 years from the date that the rental or lease agreement is entered into, and the rental or lease payment for any period during that lease year may not exceed 30% of the total rental payments received during the lease year. • The taxpayer may receive a refund of any portion of rent and tax paid, but not more than a total of 50.00. • Rental or lease payments made in the month of December may be deducted in calculating the month in which rent or lease is paid, as long as the monthly payment does not exceed 50% of the total payment. Any payments made after December 6, but before March 31, may be deducted in calculating the month in which rent or lease is paid, as long as the payments do not exceed 50% of the total payment. See Notice 2009-41 on April 20, 2009, on the Massachusetts Department of Revenue website for more information on the state of Massachusetts' tax law. 9.3. Rents of Vacant Land — Special Provisions.
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