Tax Season Begins

The IRS’s online filing system is up and running on time and for the second year in a row, the government won't be mailing out paper forms or instructional booklets. New England Public Radio reports on tax season.

Stephen Sugermeyer is an accountant in Ludlow, Massachusetts and he teaches accounting at Western New England College. He says there's no last-minute legislation to change tax preparation this year.

Wal-Mart’s Tax Status Change Hurts Mass. Municipalities

A recent change in Wal-Mart's corporate status in Massachusetts has resulted in a big tax hit to host communities. Within the past year, Wal-Mart, which operates more than two dozen stores in the Bay state changed the way it is authorized to do business in the state – moving from a limited liability company, to full corporate status — a perfectly legal move, according to the state's department of revenue. Under the state tax code, LLC's must pay what's called the personal property tax to municipalities — but corporations do not.