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Just like clockwork, tax season is upon us once again. Whether this is your first time participating in this rite of passage into adulthood or you have been navigating the process for more years than you care to admit, we have collected some information that might just make your life easier this time around:
If you have never filed taxes before, familiarize yourself with the basic relevant terms and important deadlines.
Every United States resident and citizen needs to file a tax return every year with the Internal Revenue Service (IRS). The 12-month period covered by a tax return is called a tax year. For example, tax year 2019 refers to the time period from January 1st, 2019 to December 31st, 2019 and most individuals have to file taxes for that period by April 15th, 2020.
The document most commonly used by individuals is IRS Form 1040: U.S. Individual Income Tax Return. Depending on the particular circumstances of your household, various additional forms may be needed. Although individual tax returns cover a calendar year (January 1st-December 31st), business tax returns may refer to either a calendar year or a fiscal year.
Fiscal years often do not correspond with calendar years so their start date can vary. You can access forms and corresponding instructions on the IRS website.
Use a tax preparer or accountant in order to avoid common mistakes and to ensure you are taking advantage of all the tax credits applicable to your household or business.
Special considerations may apply to certain situations while some kinds of partnerships and corporations may have filing deadlines other than April 15th. In some cases, extensions can also be granted.
Make an appointment to go over your forms and contact your tax preparer or accountant beforehand to confirm all the documents you will need to bring with you in order to avoid unnecessary delays.
Being proactive is always a wise approach to tax filing.
If you use an Individual Taxpayer Identification Number (ITIN) to file taxes in Massachusetts, make sure it is still valid.
ITINs expire if not used on a federal tax return at least once every three years and all ITINs issued prior to 2013 will have to be renewed on a rolling renewal schedule.
For tax year 2019 ITINs with middle digits 83, 84, 85, 86 and 87 will automatically expire if not renewed, so if you happen to be in this category submit your application for renewal (Form W-7) and the required documentation ASAP.
Filing your 2019 tax returns without a renewed ITIN or without the renewal application will result in an adjustment to your return as filed. The return will be processed, but no refunds will be issued and any exemptions or credits claimed on the return will be denied.
Never ignore letters from the IRS, even if the matter at hand appears to be trivial. If you receive a bill, there are multiple ways to apply for a payment plan in order to pay off outstanding balances efficiently.
Any IRS correspondence you ignore may cost you your right to appeal any decisions or requests which you feel are erroneous.
Be aware of tax scams and frauds. Phishing scams often take the form of a phone call, email, text or post on social media accounts from institutions you would normally trust.
The IRS always initiates contact with a taxpayer through a mailed letter, so if you unexpectedly receive a phone call from someone claiming to be the IRS consider it a scam – hang up and do not share any personal information such as full name, social security or taxpayer identification numbers, addresses, or birth dates.
Do not use your newly issued tax refund to make an expensive purchase, such as a brand new luxury car.
If you are considering such a move, reach out to your insurance agent to ensure you select a car that fits into your income and budget in order to avoid needless financial hardship between car payments, maintenance, and auto insurance for your new acquisition.
Keep in mind that insurance premiums for policies such as homeowner’s insurance, auto insurance, or excess liability and umbrella insurance are not tax-deductible when they pertain to personal policies.
For example, the payments you make for a homeowner’s insurance policy that covers a home which you own and live in are not eligible for tax deductions. If, however, you own a property which you rent or otherwise use for business purposes, then the corresponding insurance premiums are tax deductible and categorized as business or rental expenses.
If you have any insurance-related tax questions, the BRZ team is always at your disposal to provide answers and assistance!
Filing your taxes correctly and in a timely manner benefits both you and the community when those tax dollars are eventually put to use for the public good.
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June 30, 2022
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December 21, 2021
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With winter just around the corner, we have compiled a list of preventative measures you can take now to ensure your house is prepared for the cold ahead.
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October 13, 2021
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About one in eight drivers do not have uninsured driver coverage and end up having to pay for all the damages of an accident with their own pocket. How to avoid having this cost in advance?
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To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level. These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessible to all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more.
This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs.
Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML, adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments.
If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following email
Our website implements the ARIA attributes (Accessible Rich Internet Applications) technique, alongside various different behavioral changes, to ensure blind users visiting with screen-readers are able to read, comprehend, and enjoy the website’s functions. As soon as a user with a screen-reader enters your site, they immediately receive a prompt to enter the Screen-Reader Profile so they can browse and operate your site effectively. Here’s how our website covers some of the most important screen-reader requirements, alongside console screenshots of code examples:
Screen-reader optimization: we run a background process that learns the website’s components from top to bottom, to ensure ongoing compliance even when updating the website. In this process, we provide screen-readers with meaningful data using the ARIA set of attributes. For example, we provide accurate form labels; descriptions for actionable icons (social media icons, search icons, cart icons, etc.); validation guidance for form inputs; element roles such as buttons, menus, modal dialogues (popups), and others. Additionally, the background process scans all of the website’s images and provides an accurate and meaningful image-object-recognition-based description as an ALT (alternate text) tag for images that are not described. It will also extract texts that are embedded within the image, using an OCR (optical character recognition) technology. To turn on screen-reader adjustments at any time, users need only to press the Alt+1 keyboard combination. Screen-reader users also get automatic announcements to turn the Screen-reader mode on as soon as they enter the website.
These adjustments are compatible with all popular screen readers, including JAWS and NVDA.
Keyboard navigation optimization: The background process also adjusts the website’s HTML, and adds various behaviors using JavaScript code to make the website operable by the keyboard. This includes the ability to navigate the website using the Tab and Shift+Tab keys, operate dropdowns with the arrow keys, close them with Esc, trigger buttons and links using the Enter key, navigate between radio and checkbox elements using the arrow keys, and fill them in with the Spacebar or Enter key.Additionally, keyboard users will find quick-navigation and content-skip menus, available at any time by clicking Alt+1, or as the first elements of the site while navigating with the keyboard. The background process also handles triggered popups by moving the keyboard focus towards them as soon as they appear, and not allow the focus drift outside of it.
Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.
We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Therefore, we have worked very hard to be able to support all major systems that comprise over 95% of the user market share including Google Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS and NVDA (screen readers), both for Windows and for MAC users.
Despite our very best efforts to allow anybody to adjust the website to their needs, there may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to