News & Updates

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Treasury, IRS provide guidance for certain clean energy producers related to domestic content; request additional comments for upcoming regulations

IRS updates frequently asked questions for the New, Previously-Owned and Qualified Commercial Clean Vehicle Credit

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Treasury, IRS issue guidance on the tax credit for the production of clean hydrogen

IRS opens free IRA and CHIPS Pre-filing Registration Tool for organizations to register to monetize clean energy credits

IRS: Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17

The American Institute of Certified Public Accountants (AICPA) warned Congress about the impacts of a government shutdown during the upcoming tax season. Currently, the Internal Revenue Service (IRS) is funded through February 2, 2024, but Congress will need to pass an additional bipartisan package to keep the government operating.

The beneficial ownership information (BOI) reporting requirement requires small businesses, including small CPA firms, to report information on the “owner” of an entity beginning in 2024.

IRS: New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers must apply by March 22

AICPA warns Congress about the impacts of a government shutdown during the upcoming tax season. BOI reporting requirement information and more.

DOR Update

IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023

IRS issues guidance on the incremental cost for the Commercial Clean Vehicle Credit

IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns; restart of collection notices in 2024 marks end of pandemic-related pause

A message from MassCPAs on changes to the administration of the AICPA's Peer Review Program

An update on the AICPA's Peer Review Program at MassCPAs

Frequently Asked Questions about the AICPA's Peer Review Program

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