Massachusetts Improperly Taxed Nonresident’s Income, Judges Told

Massachusetts didn’t have a right to assess over $300,000 in income tax on company stock its founder sold after moving to New Hampshire, he told an intermediate state court.

Craig Welch’s stock in risk management services company AcadiaSoft Inc. wasn’t compensation for services he provided the company in Massachusetts, Welch argued in his opening brief filed Monday. “In fact, Mr. Welch received the stock sale proceeds from AcadiaSoft on the condition that he no longer work for the company,” he said.

Welch wants the Massachusetts Appeals Court to overturn a 2023 Massachusetts Appellate Tax Board opinion upholding the assessment. The ...