Archives: Dept. of Revenue

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Massachusetts Releases Proposed Market Sourcing and Throwout Regulations, What Does it Mean for You?

On July 24, 2013, the Massachusetts Legislature replaced the cost of performance sourcing regime with a market-based sourcing rule for all tax years starting on or after January 1, 2014. The same law also added a throwout rule.  Today, the Department released their proposed regulations to implement the market sourcing and throwout rules. Reed Smith … Continue Reading

DOR Preparing for “Silver Tsunami”

Facing large-scale human capital losses in the next few years, the Department of Revenue has joined forces with Bunker Hill Community College (“BHCC”) to prepare for the retirement of baby boomers – the so-called “silver tsunami.” Over the next five years, the Department expects approximately 500 employees to retire.  According to Commissioner Amy Pitter, this … Continue Reading

Massachusetts Tax Regulation Changes on the Way—Department of Revenue lays out plans for amended and new regulations for 2014

The Massachusetts Department of Revenue has released its plans for drafting new and amended state tax regulations (as well as a few repeals) for 2014.  Notable planned changes to the Code of Massachusetts Regulations include: Amendments to the NOL deductions and carryforward regulation to reflect changes under combined reporting (830 CMR 63.30.2). Amendments to corporate … Continue Reading

Massachusetts Department of Revenue posts audit manual:

Taxpayers undergoing Massachusetts tax audits have a new public resource available—the Department of Revenue’s audit manual.  The manual lays out the procedures that auditors should follow when conducting an audit, as well as some high level interpretations of Massachusetts tax law to guide the auditors. You can find the published audit manual by clicking here. … Continue Reading