News & Updates

IRS sending settlement offer letters in July to certain taxpayers who participated in Syndicated Conservation Easement transactions

National Taxpayer Advocate issues mid-year report to Congress; highlights filing season challenges and focuses on strategic priorities

Electronic Tax Administration Advisory Committee 2024 Annual Report includes recommendations to Congress and IRS

IRS statement as part of the resolution of Kenneth C. Griffin v. IRS, Case No. 22-cv-24023 (S.D. Fla.)

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IRS releases revised draft Form 6765, Credit for Increasing Research Activities, following public comment

MassCPAs' new report urges policymakers to act on its recommendations to curb outmigration by high-income earners and businesses driven by the millionaire's tax.

Retirement plan distributions: IRS provides guidance on certain exceptions from 10% additional tax for emergency personal or family expenses and for survivors of domestic abuse

IRS enters next stage of Employee Retention Credit work; review indicates vast majority show risk of being improper

DOR Update

Featuring MassCPAs' 2024 Public Policy and State Competitiveness Report, the DOR releasing information about an upcoming change to the Meals Tax account type in MassTaxConnect and more.

Treasury, IRS release guidance on the prevailing wage and apprenticeship requirements for increased credit and deduction amounts under the Inflation Reduction Act

IRS announces new steps to combat abusive use of partnerships; agency’s focus intensifies as new guidance closes loopholes worth tens of billions

Treasury, IRS issue frequently asked questions regarding educational assistance programs

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IRS updated careers website aims to better connect with job seekers; part of larger agency recruiting efforts to serve taxpayers, the nation

Featuring the Joint Committee on Bonding, Capital Expenditures and State Assets favorably reporrting the $3.5 billion economic development bill and more.

IRS warns against scams targeting seniors; joins other federal agencies to recognize special awareness day

2024 IRS Nationwide Tax Forum: Educational seminars, special events announced focusing on tax security, scams, practice management and beneficial ownership information

IRS reminder: June 17 estimated tax payment deadline fast approaching