News & Updates

DOR Update

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There is a widespread concern that CPAs advising on the beneficial ownership information (BOI)  report may be considered unauthorized practice of law.

This week, Governor Maura Healey’s bill, an act empowering municipalities and local governments, was sent to the Joint Committee on Municipalities and Regional Governments.

IRS: Take care when choosing a tax return professional

Featuring the U.S. House of Representatives passing a bipartisan $70 billion tax relief package, Governor Maura Healey’s bill, an act empowering municipalities and local governments, being sent to the Joint Committee on Municipalities and Regional Governments and more.

Last night, the U.S. House of Representatives passed a bipartisan $70 billion tax relief package.

The AICPA Tax Policy and Advocacy Team will hold its next Washington Tax briefing on Wednesday, February 21 at 1:00 p.m.

IRS reminder to disaster victims with extensions: File 2022 returns by Feb. 15; all or parts of 8 states and 2 territories affected

IRS to offer an Employee Retention Credit webinar on Feb. 8; provide updates on Voluntary Disclosure Program, moratorium

IRS: Rhode Island taxpayers impacted by storms qualify for tax relief; various deadlines postponed to June 17

Things to remember when filing 2023 tax returns

Filing season has begun, employer wage statement deadline nears

2024 tax filing season starts as IRS begins accepting tax returns today; taxpayer help expands this year with more in-person hours, better service, improved tools

Helped by Inflation Reduction Act funding, nearly 250 IRS Taxpayer Assistance Centers nationwide will have extended operating hours Tuesdays and Thursdays during the tax filing season

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IRS, partners highlight EITC Awareness Day with tax resources that benefit millions of low- and moderate-income workers

IRS: Free Jan. 30 webinar to focus on navigating through restart of automated collection notices, penalty relief

The beneficial ownership information (BOI) reporting requirement requires small businesses, including small CPA firms, to report information on the owner of an entity beginning on January 1, 2024.

Earlier this month, Congressional leaders unveiled a bipartisan tax package, Tax Relief for American Families and Workers Act of 2024.