News & Updates

IRS seeks comments on upcoming energy guidance

IRS-CI releases FY2022 annual report highlighting more than 2,550 investigations, 90% conviction rate; enforcement actions focused on tax fraud, money laundering, cybercrimes

Featuring Election Day information, Legislative leaders announcing an agreement on a $3.7 billion economic development bill, the DOR beginning the distribution of $2.941 billion in tax refunds in accordance with Chapter 62F and more.

DOR Update

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By Chris Nadeau, CMA, CPA, CVA and Michael Doody, CPA, CVA

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IRS updates tax gap estimates; new data points the way toward enhancing taxpayer service, compliance efforts

2023 PTIN renewal period underway for tax professionals

IRS quickly moves forward with taxpayer service improvements; 4,000 hired to provide more help to people during 2023 tax season on phones

Featuring information on MassCPAs opposing Ballot Question 1, the IRS unveiling a pilot program dedicated to improving customer service and reducing wait times on the PPS phone line, MA voting information and more.

Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023

MassCPAs opposes Ballot Question 1, the proposed constitutional amendment that would establish an additional 4% state income tax on income over $1 million.

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401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500

During National Cybersecurity Month, IRS and Security Summit Partners offer tips

Adjust tax withholding now to pay the proper amount of tax

Featuring information on the MA DOR's MassTaxConnect being offline today, 10/21 – Monday, 10/24, early voting starting tomorrow, October 22, one-time refunds expected this November and more.

Employers urged to electronically file payroll tax returns by Oct. 31

Employers warned to beware of third parties promoting improper Employee Retention Credit claims