Boston Massachusetts Form 14135 2024-2025

Boston Massachusetts Form 14135: What You Should Know

The IRS refused to appraise Cannon's property or issue a valuation statement. So they refused to issue a Certificate of Discharge of Land Title and Assign. They refused to issue a Form 1037 or any of the other forms that the law requires. Instead, the Court gave Newton a “Notice of Default.” That notice required Newton to deliver, within 20 days of receipt, all the property it owns or controls “in a state of disassociation with the Commonwealth in which the Commonwealth maintains a land registry.” [2] This means that every single piece of property Newton owns or controls now is “disassociated” from the Commonwealth. This includes all the property on his home, all of Newton's business' property, and all of his “savings and personal funds.” The result?  No more “property taxation” for Newton either. The money he keeps in the bank won't be taxed. Newton cannot get a tax deduction for paying his taxes using his “savings and personal funds” (that's all of his business' money, not his personal money), because his money is now “disassociated with the Commonwealth” in the only other way that an individual can be “disassociated.” Now, the only thing Newton's entire life is going to be taxed on is the land he owns. This isn't a tax that Newton will be paying for the next three hundred years. But since Newton has to pay it off, that will cost him approximately 30,000 a year. If he doesn't make that payment within three months of his receipt of the Notice of Default and as a result is convicted of tax evasion or other crime he will lose all of that money. But that's not where the problems begin. Newton is now in default on over a 9,000,000 of tax debt and a total of over 40,000,000 is now due on a total of approximately 160,000,000 outstanding. His bank account is frozen. He cannot borrow. He cannot get any new lines of credit nor anything else to pay his creditors. And as if this wasn't bad enough, Newton's new wife wants all of that money back.  They've been married for five years. Newton has no mortgage. He has NO debts. And she's asking for her money back because he got a settlement on an old debt.  Now, this is where it gets awful for Newton.

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