https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-tax-benefit-for-lenders-on-loans-secured-by-farm-or-rural-property-under-the-one-big-beautiful-bill
The IRS recently announced the production shutdown and acknowledgment retrieval schedule for the Modernized e-File (MeF) system to prepare for the upcoming tax filing season. The schedule is as follows: The shutdown for “Send Submissions” will begin at 11:59 a.m. Eastern Time on Friday, Dec. 26, 2025. Transmitters may continue to use all other service
Modernized e-File Production Shutdown Schedule Read More »
https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500
401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 Read More »
https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-first-quarter-of-2026
Interest rates remain the same for the first quarter of 2026 Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb-improves-guidance-on-purchased-loans-423314
FASB Improves Guidance on Purchased Loans Read More »
The IRS recently announced that it ended Direct File, a program that allowed eligible taxpayers to file tax returns directly with the IRS for free. The Direct File online pilot program launched in 2023 in 12 states and expanded to 25 states for tax year 2024. Nearly 300,000 taxpayers used the program to file 2024
IRS Ends Direct File Program Read More »
https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-tax-year-2025-for-information-reporting-on-tips-and-overtime-under-the-one-big-beautiful-bill
The Federal Reserve recently reduced the benchmark interest rate by a quarter point in its second cut of 2025. The reduction takes the federal funds rate, the interest rate banks charge each other for short-term loans, to a target range of 3.75%-4%. The change comes after the rate-setting Federal Open Market Committee (FOMC) reduced rates
Federal Reserve Cuts Rates for Second Time in 2025 Read More »
Appalachian Karson Light Andrew Morton Chattanooga Abigail Bentley Ally D. Locke Brandon Marks Jacob Neuman Logan A. Siatkowski David Sudbrink R Japhet J. Townsend Jr. Knoxville Hayden Barry David R. McAndrews Jesse Pratti Peter M. Souleyrette Cynthia R. White Memphis Joseph Bononno Aron D. Harrington Jr. Katherine Hoover Michael Montgomery Wendy Thomas Peyton Webster Nashville
TSCPA Welcomes 64 Successful Candidates Who Recently Passed the CPA Exam Read More »
For TSCPA Nashville Chapter President Ryan Myers, CPA, the best part of his work is building relationships. “Both in business and in life, everything I do is about people and relationships,” he says. Myers’ dedication to serving others surely helped propel him to being named Aprio’s Nashville office leader not long after joining the firm.
Meet the Chapter President: Ryan Myers, CPA Read More »