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Dec 17, 2024

How can Massachusetts residents and businesses effectively comply with use tax requirements to avoid penalties?

Ready to automate your sales tax?

Ready to automate your sales tax?

Ready to automate your sales tax?

Residents and businesses can comply by diligently tracking out-of-state purchases where no Massachusetts sales tax was collected. They should accurately calculate the use tax at 6.25% and report it on their income or sales and use tax returns via MassTaxConnect. Maintaining comprehensive records of such transactions is crucial. Utilizing tax calculators and consulting with tax professionals can further ensure accurate reporting and timely payment, thereby avoiding penalties and interest for non-compliance.

Ready to automate your sales tax?

Ready to automate your sales tax?

Ready to automate your sales tax?

Ready to automate your sales tax?