News & Updates

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Guidelines to Inspire Dialogue with Young Professionals by Jon Lokhorst, CSP, CPA, PCC

Featuring the MA Legislative session concluding, the U.S. Senate being expected to vote on a significant bipartisan tax bill that supports job creators, small businesses and working families and more.

Security Summit: Identity Protection PINs, IRS Online Account protect against tax-related identity theft

IRS Whistleblower Office celebrates National Whistleblower Day; over $7 billion in collected proceeds thanks to whistleblowers

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Updated frequently asked questions on New, Previously Owned and Qualified Commercial Clean Vehicle Credits now available from the IRS

IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit

IRS continues to expand taxpayer services and online tools, key milestones reached with Inflation Reduction Act funding

Featuring the MA Senate passing language that would raise the financial statement review threshold to $500,000 and raise the financial statement audit threshold to $1,000,000 and more.

IRS issues guidance for the procedures to claim a credit for utilization of carbon oxide

Registration still open for IRS Tax Forum in Baltimore, Dallas; 3-day conference features education and more for tax pros

Security Summit urges tax pros to watch out for identity theft red flags

IRS.gov offers Free File service, other resources; provides extension filers summertime help ahead of October deadline

IRS provides relief to Hurricane Beryl victims in Texas; various deadlines postponed to Feb. 3, 2025

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Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules

DOR Update

Featuring a big win for MassCPAs in the Senate’s Economic Development Bill, the House and Senate negotiators announcing they have reached an agreement on the overdue budget for FY25 and more.

IRS enhances FATCA registration website by requiring users to authenticate their identities