News & Updates

IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers

Featuring the Society continuing to gain support for federal recognition that would include accounting as part of STEM, Governor Healey assuring the business community that she has no immediate plans to introduce tax-raising legislation and more.

National Small Business Week: IRS warns entrepreneurs to take precautions on data security; protect their businesses, employees, customers

IRS recommends safeguarding information in case of natural disasters

With Trish Foster, diversity, equity & inclusion leader at Trish Foster Consulting

Treasury, IRS issue additional guidance and safe harbors for taxpayers to comply with the requirements of the Sustainable Aviation Fuel Credit

IRS seeking applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program grants

IRS provides guidance for the 2024 allocation round for the Qualifying Advanced Energy Project Credit Program

National Small Business Week: IRS.gov offers one-stop shop for small business tax resources

Direct File pilot officially closes after more than 140,000 taxpayers successfully use direct e-filing system in 12 states, including integration with 4 state tax systems

National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs

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Inflation Reduction Act implementation teams focus on enhanced taxpayer service with modern online tools and historic office hour sessions, bolstering clean energy initiatives

IRS releases final guidance on transfers of certain credits under the Inflation Reduction Act

Featuring Mid-April DOR revenue collections, the House of Representatives debating its version of the $58 billion FY25 budget and more.

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. In December, the U.S. House of Representatives passed legislation that would provide a one-year delay to the start of the rule.

By Trish Foster

IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office

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2025 Low Income Taxpayer Clinic grant application period now open