Massachusetts H3153 amends state tax return filing requirements for annuities.
Massachusetts H3153 modifies the state tax return filing requirements for annuities. It updates the law to ensure that executors, administrators, trustees, guardians, conservators, trustees in bankruptcy, assignees for the benefit of creditors, receivers, and other fiduciaries must file an annual return if they receive taxable income exceeding $200. This change aims to ensure all taxable income is reported and taxed appropriately.
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