New England Tax Specialists

Peck Associates PC is a full-service Boston area accounting and business advisory firm dedicated to providing our clients with professional, personalized services and guidance on a wide range of financial and business needs.

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Tax Penalties in Massachusetts

IRS Failure to Pay Penalty

IMPORTANT: The Beneficial Ownership Report Filing Has Been Reinstated

Dec 24, 2024

Earlier this month, a preliminary injunction temporarily delayed the January 1, 2025, compliance deadline for BOI reporting. However, the U.S. Court of Appeals for the Fifth Circuit has now reinstated the original deadline. What this means for you is that...

IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season

Dec 9, 2024

As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). This simple yet crucial step can provide an added layer of...

NATIONWIDE HALT ON BENEFICIAL ONWERSHIP INFORMATION (BOI) REPORTING REQUIREMENTS

Dec 9, 2024

The Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements have been a hot topic for businesses nationwide. This week, a Texas federal court issued a nationwide injunction, temporarily halting the enforcement of these...