https://www.irs.gov/newsroom/irs-opens-new-process-for-payroll-companies-third-party-payers-to-help-clients-resolve-incorrect-claims-for-the-employee-retention-credit
https://www.irs.gov/newsroom/irs-provides-an-update-to-frequently-asked-questions-for-the-premium-tax-credit
IRS provides an update to frequently asked questions for the Premium Tax Credit Read More »
The IRS recently issued final regulations T.D. 9991 on the statutory requirement that the basis of property acquired from a decedent be consistent with the basis reported on the estate tax return, finalizing regulations proposed eight years ago (REG-127923-15). The final regulations dealing with the statutory consistent-basis requirement impact recipients of property acquired from a decedent if
IRS Issues Final Regulations on Consistent-Basis and Basis-Reporting Rules Read More »
By: Michelle Freeman, CPA, and Shelby Follis, CPA Estate planning can be a morbid matter that may only impact a small percentage of taxpayers. However, as CPAs, we are responsible for ensuring our impacted clients are prepared for the possible gift and estate tax changes on the horizon. The Tax Cuts and Jobs Act of 2017
Estate Planning Before 2026 Read More »
TSCPA’s Federal Tax Committee met with representatives from the IRS at the Federal Tax Liaison meeting on June 4, 2024. Speakers from the IRS presented updates on issues affecting the tax practitioner community and engaged in discussions with the committee’s members. IRA Strategic Operating Plan The first major topic discussed was the Inflation Reduction Act
TSCPA Federal Tax Liaison Meeting Summary Read More »
https://www.irs.gov/newsroom/irs-issues-proposed-regulations-for-corporate-alternative-minimum-tax
IRS issues proposed regulations for Corporate Alternative Minimum Tax Read More »
The Tennessee Department of Revenue recently announced it has developed a special procedure regarding franchise tax property measure (Schedule G) refunds. The procedure is available for taxpayers with a Schedule G tax base that is higher than Schedule F net worth if they have already filed or plan to file their 2023 franchise tax return without
Tennessee Department of Revenue Announces Special Procedure for Schedule G Refunds Read More »
https://www.irs.gov/newsroom/irs-issues-important-interim-guidance-on-employer-matching-contributions-made-to-retirement-plans-related-to-employee-student-loan-payments
https://www.irs.gov/newsroom/irs-reopens-voluntary-disclosure-program-to-help-businesses-with-problematic-employee-retention-credit-claims-sending-up-to-30000-letters-to-address-more-than-1-billion-in-errant-claims
https://www.irs.gov/newsroom/irs-moves-forward-with-employee-retention-credit-claims-agency-accelerates-work-on-complex-credit-as-more-payments-move-into-processing-vigilance-monitoring-continues-on-potentially-improper-claims