The IRS recently issued Rev. Proc. 2025-23, providing an updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply. Rev. Proc. 2015-13 had updated and revised general procedures under Sec. 446(e) to obtain the IRS’ automatic and advance nonautomatic consent to change an accounting
IRS Updates List of Automatic Accounting Method Changes Read More »
https://www.tn.gov/revenue/tax-resources/legal-resources/legislative-summaries/2025-legislative-summaries-.html
Tennessee Department of Revenue 2025 Legislative Summaries Read More »
https://www.tn.gov/content/dam/tn/revenue/documents/notices/tobacco/25-11tob.pdf
Important Notice #25-11: Taxability of Hemp-Derived Cannabinoid Products Read More »
The IRS recently issued Notice 2025-27, providing interim guidance on the application of the Sec. 55 corporate alternative minimum tax (CAMT), which was enacted by the Inflation Reduction Act of 2022. The guidance offers an optional simplified method for determining applicable corporation status under Sec. 59(k). The method substitutes the general adjusted financial statement income (AFSI)
IRS Provides Interim Simplified Method for Corporate Alternative Minimum Tax Read More »
The Tennessee Department of Labor & Workforce Development recently announced that it has fully modernized the state’s unemployment system with the implementation of Unemployment Tax functionality on http://www.jobs4TN.gov. The new system went live on May 27. If you previously filed Premium and Wage Reports or Payments through the TNPAWS or Third Party Upload Systems (TPU), you can
Tennessee Launches Modernized Unemployment Tax System Read More »
https://www.tn.gov/content/dam/tn/revenue/documents/notices/alcohol/25-10.pdf
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales25-09.pdf
Important Notice #25-09: Uranium Enrichment and Nuclear Energy Production Facilities Read More »
By: Emily D. Cokeley, Ph.D., CPA, and Joel Faidley, Ed.D., CMA Many taxpayers have businesses that they own and manage and seek ways to minimize their tax burden by claiming deductions for business use of their homes. These deductions can offer some tax relief; however, it is important to understand the requirements, limitations, exclusions and
A Refresher on the Deduction for Business Use of a Home Read More »
https://www.tn.gov/content/dam/tn/revenue/documents/notices/bailbond/bailbondsmen2025.pdf
Important Notice #25-08: Bail Bondsmen/Court Clerk Quarterly Reports Read More »
https://www.tn.gov/content/dam/tn/revenue/documents/notices/local_occupancy/occupancy25-07.pdf
Important Notice #25-07: Short-Term Rental Unit – 30 Day Occupancy Read More »