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Massachusetts Form 2220: What You Should Know
Return to 2024 Commonwealth of Massachusetts Unitary Penalties and Penalties Guide — PDF Under Massachusetts General Laws, corporations are required to pay taxes of a similar size. This can lead to a common misconception that there is a set rate per taxpayer or an estimate of taxes. In reality, there is no set rate per taxpayers on individual taxes as there is on corporation taxes. The Massachusetts State Revenue Commissioners (SRC) offers a variety of tools and resources to understand how Massachusetts determines the unitary penalties that a corporation may incur for failing to pay taxes. These are commonly referred to as “Massachusetts Unitary Penalties and Penalties.” We have created our own website with some basic information on the Massachusetts Unitary Penalties, as well as a link to the actual statutory language of the law.
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