Important Notice #25-10: Wine Sold on Winery Premises Exempt from Liquor-by-the-Drink Tax
https://www.tn.gov/content/dam/tn/revenue/documents/notices/alcohol/25-10.pdf
Tax News
Important Notice #25-09: Uranium Enrichment and Nuclear Energy Production Facilities
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 »
A Refresher on the Deduction for Business Use of a Home
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
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Important Notice #25-08: Bail Bondsmen/Court Clerk Quarterly Reports
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 »
Important Notice #25-07: Short-Term Rental Unit – 30 Day Occupancy
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 »
Important Notice #25-06: Vapor Products
https://www.tn.gov/content/dam/tn/revenue/documents/notices/tobacco/25-06tob.pdf
Important Notice #25-06: Vapor Products Read More »
IRS Announces HSA Inflation-Adjusted Maximum Contribution Amounts for 2026
The IRS recently announced that the maximum contribution amounts for health savings accounts (HSAs) and certain related benchmarks will be slightly higher in 2026. The IRS stated the updated amounts in Rev. Proc. 2025-19, issued pursuant to Sec. 223(g). The revenue procedure also includes the revised maximum amount that may be made newly available for excepted-benefit
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Basis-Shifting Transaction-of-Interest Regulations To Be Removed
The U.S. Department of the Treasury and the IRS recently announced the intent to remove basis-shifting transaction-of-interest (TOI) regulations. Published in Notice 2025-23, the announcement states that the Treasury and the IRS intend to publish a notice of proposed rulemaking to remove Regs. Sec. 1.6011-18 from the income tax regulations. Regs. Sec. 1.6011-18 were issued in
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Tennessee Department of Revenue: Extensions for April Storms To Be Issued on a Case-by-Case Basis
As a result of the severe storms, straight-line winds, tornadoes and flooding that began on April 2, 2025, the Federal Emergency Management Agency (FEMA) issued a disaster declaration for the entire state of Tennessee. The IRS extended various federal due dates to Nov. 3, 2025, for taxpayers located in the disaster area. Consistent with the
IRS: All of Tennessee qualifies for disaster tax relief; various deadlines postponed to Nov. 3
https://www.irs.gov/newsroom/irs-all-of-tennessee-qualifies-for-disaster-tax-relief-various-deadlines-postponed-to-nov-3