Got audited and don't agree with the results? You might qualify for an Audit Reconsideration. You can apply if: you still owe money. the IRS disallowed your credits. you have new documents. the IRS made an error. If you qualify, take the following steps: Step 1: Review your audit report using Form 4549, Report of Income [...]
General overview of the most common differences between the federal and Massachusetts state tax treatment of corporate excise. Massachusetts generally follows the Internal Revenue Code (IRC) as currently in effect for Massachusetts corporate excise tax purposes. The following is a summary of the most common differences between the IRC and Massachusetts tax code for corporate excise [...]
FS-2026-02, Jan. 2026 This Fact Sheet provides answers to frequently asked questions about the implementation of Executive Order 14247, Modernizing Payments To and From America’s Bank Account. These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific facts [...]
This article was published by the IRS. It’s a new year, and tax season is here. Tax season is a busy time for criminals, too, as they ramp up efforts to trick people into sharing sensitive personal information. Identity thieves might use this information to try filing false tax returns and stealing refunds. The IRS wants [...]
Anyone who files 10 or more information returns with the IRS is now required to file those returns electronically using the Information Returns Intake System, also known as IRIS. Using IRIS is a quick and easy process that also helps reduce common errors that can happen when filing them on paper. IRIS is free, secure, accurate, [...]
