News & Updates

This week, the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts.

IRS provides guidance on employer leave-based donation programs that aid victims of the wildfires in Hawaii

Featuring information on MA lawmakers voting on finalizing a $1 billion tax relief package, the IRS announcing tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts and more.

On Monday, DOR Commissioner Geoffrey Snyder told legislative leaders that the DOR brought in $2.42 billion in the first half of the month, which is $76 million more than what was collected during the same period in September of last year.

This week, Massachusetts lawmakers will vote on finalizing a $1 billion tax relief package.

IRS extends relief to farmers and ranchers in 49 states, other areas impacted by drought; more time to replace livestock

IRS: Builders of qualified new energy efficient homes may qualify for an expanded tax credit under Section 45L

IRS expands use of chatbots to help answer questions on key notices; expands on technology that’s served 13 million taxpayers

IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15

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This week, MassCPAs was proud to sign on to a letter that was sent to U.S. Secretary of Homeland Security Alejandro Mayorkas voicing concerns for the federal government to process work authorization for migrants during the ongoing migrant crisis in the U.S. Additionally, the letter asks the feds to allow provisional work authorization while the administrative process unfolds.      

Last Thursday, the Internal Revenue Service (IRS) announced that they will not review or process any Employee Retention Credit (ERC) claims received on or after September 14 until the end of 2023, which is great news for small businesses.

Information regarding Auditor Diana DiZoglio confirming publicly that there will not be any 62F tax rebates this year for MA taxpayers, MassCPAs signing a letter that was sent to U.S. Secretary of Homeland Security Alejandro Mayorkas voicing concerns for the federal government to process work authorization for migrants during the ongoing migrant crisis in the U.S. and more.

Yesterday, Auditor Diana DiZoglio confirmed publicly that there will not be any 62F tax rebates this year for Massachusetts taxpayers.

IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, other key areas

Every month, the Society showcases a college and high school student member on our social media channels to share their background and why they want to pursue accounting as a career.

DOR Update

IRS, Electronic Tax Administration Advisory Committee select 8 new members

IRS reminder to storm victims in 3 states: File and pay by Oct. 16; most of California, parts of Alabama and Georgia affected

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