The application period for the 2025 Massachusetts Life Sciences Tax Incentive Program (LSTIP) opened in mid-January and will close at 2 p.m. on March 31, 2026. This program is offered through the Massachusetts Life Sciences Center (the MLSC, the…

On February 20, 2026, Treasury and the IRS released Notice 2026-16, providing interim guidance on the new 100% special depreciation allowance for qualified production property (QPP) under Internal Revenue Code §168(n).[1]  Enacted as part of…

As 2025 financial reporting deadlines approach, companies are assessing the income tax accounting implications of the One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025. For organizations with M&A activity, OBBBA’s retroactive…

New Hampshire is currently offering a generous tax amnesty program. The program commenced on December 1, 2025, and it will end on February 15, 2026.These types of programs are not offered very often, so it is wise to consider taking advantage…

Treasury and the IRS recently issued four notices announcing proposed regulations that would implement key changes to the international tax provisions of the Internal Revenue Code, as enacted by the One Big Beautiful Bill Act (OBBBA).[1] The…

The One Big Beautiful Bill Act (OBBBA)  introduced several long-anticipated legislative changes, including the so called “Big 3”: (1) restoring the deductibility of domestic research and experimental expenditures (§174A), (2) extending 100%…

The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, modernizes Internal Revenue Code Section 1202 (Qualified Small Business Stock, or QSBS) and makes its tax benefits more accessible and more valuable to eligible noncorporate taxpayers…

On November 21, 2025, Treasury and the IRS released final regulations (the Final Regulations) governing the 1% excise tax on corporate stock repurchases enacted by the Inflation Reduction Act of 2022. These final rules mark a significant shift from…

On May 20, 2025, Maryland Governor Wes Moore signed the Budget Reconciliation and Financing Act (BRFA) of 2025, closing a $3.3 billion budget gap while significantly expanding the state’s sales and use tax base. Among its most impactful provisions…