News & Updates

DOR Update

IRS expands work on aggressive Employee Retention Credit claims; 20,000 disallowance letters being mailed, more action and voluntary disclosure program coming

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Treasury, IRS provide guidance for those who manufacture new clean vehicles

National Tax Security Awareness Week, Day 5: As tax season approaches, IRS, Security Summit partners warn taxpayers, tax professionals to watch out for emerging scams by email, text, phone

The Internal Revenue Service (IRS) announced the delay of the new $600 Form 1099-K reporting threshold requirement for third party payment organizations for the 2023 tax year and is planning to phase in the new law in 2024.

National Tax Security Awareness Week, Day 4: Summit partners urge businesses to take steps to prevent data loss, fraud

House and Senate leaders have not come to an agreement on a $2.8 billion supplemental budget that would close out Fiscal Year 2023 (FY23).

Featuring MassCPAs member needs assessment survey, the House and Senate leaders having not come to an agreement on a $2.8 billion supplemental budget that would close out FY23 and more.

National Tax Security Awareness Week, Day 3: IRS Identity Protection PIN can help avoid fraud and tax-related identity theft

National Tax Security Awareness Week, Day 2: Security Summit reminds tax pros about importance of written security plans and data breach response; special webinar planned for Nov. 30

IRS supports international efforts to fight fraud during Charity Fraud Awareness Week

IRS, Security Summit partners launch 2023 National Tax Security Awareness Week focusing on holiday scams, protecting personal information as tax season nears

Saver’s Credit can help low- and moderate-income taxpayers to save more in 2024

IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation

Every week, the Society showcases a MassCPAs member on LinkedIn to share their experience with the Society while also highlighting their firm/company and alma mater.

DOR Update

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Treasury and IRS issue proposed regulations defining energy property

IRS reminds eligible 2020 and 2021 non-filers to claim Recovery Rebate Credit before time runs out