Legislative News

AICPA Urges Families to Learn the Basics of “Trump Accounts” Before Contributing

For the Public, Legislative News, TSCPA News /

Washington, D.C. (June 26, 2026) – The American Institute of CPAs (AICPA) is encouraging families to educate themselves about new “Trump Accounts,” officially known as Section 530A accounts, so they can make informed investment choices for their children’s future. July 4 marks the official launch date, when the accounts become fully active investment accounts – allowing families to begin […]

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AI at the IRS – What It Means for Practitioners

Legislative News /

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

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TSCPA Sends Comment Letter Calling for Recognition of Accounting Programs as Professional Degree Programs

Legislative News, TSCPA News /

TSCPA sent a letter to the Secretary of the Department of Education Linda McMahon urging the department to update its language regarding accounting in the list of professional degrees.   TSCPA suggests the Department revise the definition of “professional degree” in 34 CFR 685.102 or 34 CFR 668.2(b) of “Reimagining and Improving Student Education” (Document ID ED2025OPE0944) to either include “accounting” in the definition or retain

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Legislative Update – March 2, 2025

Legislative News, Members Only /

For complete bill history, amendments, summary, and fiscal note information, please visit https://wapp.capitol.tn.gov/apps/billsearch/BillSearchAdvanced.aspx.  As the 114th Tennessee General Assembly moves into the third month of the 2026 legislative session, several fiscal, regulatory, and education‑related developments are taking shape that may be of interest to CPAs advising businesses, nonprofits, and governmental entities across the state.  Below are

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Tennessee Society of CPAs Hosts Annual Day on the Hill

Featured, Legislative News, TSCPA Press Releases /

BRENTWOOD, Tenn. – On Wednesday, Jan. 21, the Tennessee Society of CPAs (TSCPA) hosted members from across the state at the Capitol for the society’s annual Day on the Hill event. Throughout the day, TSCPA members met with legislators to discuss issues of importance to the CPA profession in Tennessee. In their meetings with legislators,

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Congress Passes Act Enabling Tax Relief for State-Declared Disasters

Legislative News, Members Only, Tax News /

On July 10, the U.S. Senate unanimously passed H.R. 517, the Filing Relief for Natural Disasters Act, allowing the U.S. Department of the Treasury and the IRS to grant tax relief when a governor declares either a disaster or state emergency. The bipartisan bill was unanimously passed in the House at the end of March and was signed into law

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A New Path to CPA: Exploring Tennessee’s Licensure Options

Legislative News, Members Only, Students, Young CPAs /

The path to CPA licensure in Tennessee has expanded with the recent passage of SB 1316/HB 1330, known as the Less is More Act of 2025. Cosponsored in the Tennessee General Assembly by Senate Majority Leader Jack Johnson and House Majority Leader William Lamberth, the legislation adds an additional pathway to CPA licensure as well as protects interstate practice privileges for CPAs.

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Filing Relief for Natural Disasters Act Signed Into Law

Legislative News, Tax News /

July 24 Update: On July 24, the Filing Relief for Natural Disasters Act was signed into law by President Donald Trump. Introduced in the U.S. House of Representatives in January of this year, the legislation is cosponsored by Reps. David Kustoff, R-Tenn., and Judy Chu, D-Calif. It unanimously passed in the House at the end of March

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