News & Updates

IRS Advisory Council issues 2024 annual report

Treasury, IRS finalize more partnership clean energy regulations and propose related administrative requirements

Interest rates decrease for the first quarter of 2025

IRS: International Fraud Awareness Week highlights how to report fraud; taxpayer protection against scams, schemes

Peek inside the issue now!

Peek inside the issue now!

Next year's challenge will begin February 4 and will end on April 15.

Give more, tax-free: Eligible IRA owners can donate up to $105,000 to charity in 2024

Featuring the MA Legislature finalizing a nearly $4 billion economic development bill, incorporating provisions to support local industries and spur statewide growth, information on MassCPAs' November Taxation Committee meeting and more.

Many businesses must report beneficial ownership information to Treasury by Jan. 1; free webinar can help

Peek inside the issue now!

IRS publishes 2024 Financial Report; resolves longstanding significant deficiency

IRS: Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year

Featuring an election recap, DOR October revenue numbers and more.

DOR Update

Peek inside the issue now!

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

Featuring the MA Senate approving a $696 million closeout budget to finalize FY24, the Boston City Council recently approving Mayor Michelle Wu’s revised Commercial Tax proposal in a 12-1 vote and more.

IRS hires new Associate Chief Counsel to focus on partnerships and other passthrough entities

National Cybersecurity Awareness Month reminder: IRS and Security Summit supply online safety tips