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Archive by Month: December 2022

2022 Year In Review: Lessons Taxpayers in Massachusetts Should Carry Into the New Year

Offshore Account Update

Posted on December 30, 2022

With 2022 in the books, it’s time to look ahead to the New Year. But, before we do that, it’s worth taking a look back at some of the lessons we learned in the year that was. Here is a recap of some of our top articles for taxpayers in Massachusetts from 2022.Read More

Interest Rates for Federal Tax Underpayments To Increase in 2023

Offshore Account Update

Posted on December 16, 2022

In a Revenue Ruling published on November 29, 2022, the Internal Revenue Service (IRS) announced that the interest rates for federal tax underpayments will increase in 2023. When individual and corporate taxpayers pay less than they owe, interest begins to accrue immediately—often in addition to liability for financial penalties.Read More

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