Tax professionals across Tennessee should be aware of federal tax relief measures granted in response to Winter Storm Fern, which began on January 22, 2026. The Internal Revenue Service (IRS) announced extensions and penalty relief until June 8 for affected individuals and businesses in all 95 Tennessee counties. Visit the IRS website for more information.
The 2026 legislative session of the Tennessee General Assembly concluded on April 25. Since the session began on January 13, TSCPA’s lobbying team reviewed proposed legislation and held our annual Day on the Hill. The General Assembly focused on the key priorities of education, public safety, healthcare, infrastructure, and the state budget. As required by
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AI is Already Influencing Enforcement In March 2026, the Government Accountability Office (GAO) released its report “Artificial Intelligence: IRS Actions Needed to Address Skills Gaps, Information Quality and Strategic Management,” which examined how the Internal Revenue Service (IRS) is using and developing artificial intelligence. The findings confirm something that many practitioners have suspected for a
AI at the IRS – What It Means for Practitioners Read More »
This FAQ document is not intended to be used or relied upon as a substitute for a firm’s compliance with applicable professional standards nor is it intended to be a substitute for seeking legal advice. CAMICO presents this FAQ guide for reference purposes only to highlight common policyholder inquiries regarding the risk management implications of
Accounting firms are facing increasing pressure to streamline their operations, reduce manual workloads, and enhance client service. What are your high-impact automation opportunities? With a focus on professional education and technical training for financial professionals, your firm will be well-positioned to leverage automation to improve efficiency and scalability. Here are three key automation opportunities that
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Errors in preparing and complying with international tax documents often emerge subtly and surface during the audit process. For the 2025-26 fiscal year, guidance on the transition to the One Big Beautiful Bill Act (Notices 2025-72, 2025-75 and 2025-77), along with revised Form 5471 instructions (Rev. Dec. 2025), is prompting many companies and accountants to
Download the Issue In this issue: The Advantages of Including the TSCPA Educational and Memorial Foundation in Your Estate Plan Generative Artificial Intelligence (“AI”) Six Audit-Ready Controls for Form 5471/8992/8993 Automation in the One Big Beautiful Bill Era TSCPA FYE 2026 Year In Review A GASB Update: What’s on the Menu? AI at the IRS
May/June 2026 Tennessee CPA Journal Read More »
Hello Upper Cumberland Chapter members, I hope everyone has enjoyed a smooth start to the spring season and a well-earned break following another busy cycle of deadlines. As we move into May, I am pleased to share updates on our chapter leadership, upcoming meeting and other TSCPA opportunities. I’m excited to introduce the 2026-27 Upper
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Hello Nashville Chapter members, As we move past busy season and head into summer, I hope everyone is finding a chance to catch their breath and enjoy the warmer weather. Thank you to everyone who participated in our chapter elections in March. I’m excited to introduce the 2026-27 Nashville Chapter Board of Directors and grateful
Nashville Message – May 2026 Read More »
Hello Memphis Chapter members, As we move past busy season and head into summer, I hope everyone is finding a chance to catch their breath and enjoy the warmer weather. Thank you to everyone who participated in our chapter elections in March. I’m excited to introduce the 2026-27 Memphis Chapter Board of Directors and grateful
Memphis Message – May 2026 Read More »
Hello Knoxville Chapter members, I’m honored to serve as president of the Knoxville Chapter for the 2026–27 year, and I look forward to working alongside our members and board in the year ahead. It is a privilege to lead such a strong chapter, and I’m excited for the opportunities we have to learn, connect and
Knoxville Message – May 2026 Read More »