https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-remittance-transfer-providers-who-fail-to-deposit-excise-tax-under-the-one-big-beautiful-bill
https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-opportunity-zone-investments-in-rural-areas-under-the-one-big-beautiful-bill
https://www.irs.gov/newsroom/treasury-irs-issue-regulations-to-reduce-the-amount-of-the-user-fee-for-tax-professionals-who-apply-for-or-renew-a-ptin
The IRS recently released Notice 2025-54, providing that the special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel starting Oct. 1 will remain the same as the previous year. Generally, a payer may consider substantiated for federal tax purposes an employee’s expenses incurred for employment-related travel in an amount
IRS Announces Special Per Diem Rates Read More »
https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers
IRS to phase out paper tax refund checks starting with individual taxpayers Read More »
https://www.irs.gov/newsroom/irs-extends-relief-to-farmers-and-ranchers-affected-by-drought-in-49-states-other-regions
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-listing-occupations-where-workers-customarily-and-regularly-receive-tips-under-the-one-big-beautiful-bill
https://www.tn.gov/content/dam/tn/revenue/documents/tax_manuals/bars-restaurants-sept-2025.pdf
Tennessee Department of Revenue Updates Tax Manual for Bars and Restaurants Read More »
By: Shelby Follis, CPA, and Emily Cokeley, Ph.D., CPA In the January/February 2025 issue, we reviewed expectations for the tax year ahead based on the campaign promises made by President Donald Trump. The president’s goals came to fruition with the signing of the One Big Beautiful Bill (OBBB) on July 4, 2025. In this issue, we will unpack the tax-related contents of the
Unpacking the One Big Beautiful Bill (Part 1: Individuals) Read More »
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
Congress Passes Act Enabling Tax Relief for State-Declared Disasters Read More »