Senate Passes Inflation Reduction Act
The U.S. Senate recently passed the $437 billion Inflation Reduction Act, a bill focusing on President Joe Biden’s domestic agenda items of tax, climate and health care.
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Congress Passes CHIPS and Science Act
The U.S. House of Representatives recently passed the Senate’s version of a bill known as the CHIPS and Science Act.
View More2022 Tennessee Legislative Session Report
The Tennessee Society of CPAs, through its committees and lobbying team, serves as your liaison to various legislative and regulatory agencies in Tennessee. From January through late spring, TSCPA is busy working with the Tennessee General Assembly to ensure that the Legislature’s work aligns with our profession's priorities.
View MoreLegislative Update
The Tennessee General Assembly completed its work for the year and adjourned Sine Die on Thursday after diligently working to pass over 100 bills in the last week of session.
View MoreTSCPA Thanks Members of Congress for Urging Additional Relief for Taxpayers and Practitioners
As we move closer to federal filing deadlines, the Tennessee Society of CPAs continues to push for meaningful relief for taxpayers and practitioners from the IRS.
View MoreLegislation Introduced to Change Tax Rules for Cryptocurrency Purchases
A group of lawmakers recently introduced bipartisan legislation to create a framework for taxing purchases made with cryptocurrency.
View MoreTSCPA Applauds Lawmakers for Signing Bipartisan Letters Calling for Taxpayer and Tax Preparer Relief from the IRS
Tennessee Society of Certified Public Accountants applauds the five members of the Tennessee Congressional delegation who joined many of their colleagues in signing bipartisan letters to the Treasury Department urging it to improve this year’s tax filing season process.
View MoreTSCPA Joins AICPA in Seeking Support from U.S. Treasury for Tax Filing Relief
TSCPA, in partnership with the AICPA and other state societies, with support from U.S. Representative Sanchez and Representative LaHood and others, is calling on the Treasury and IRS to consider solutions that will help filers bypass the extreme IRS backlog due to the pandemic and make it easier to file timely returns.
View MoreBuild Back Better Act Includes Many Tax Provisions
The U.S. House of Representatives recently passed H.R. 5376, the Build Back Better Act, which includes a wide variety of budget and spending provisions, including many tax provisions.
View MoreFederal Court Rules in Favor of Tennessee and Kentucky, Halts American Rescue Plan Tax Mandate
A U.S. district court has ruled in favor of Tennessee Attorney General Herbert H. Slatery III and Kentucky Attorney General Daniel Cameron in their lawsuit to stop the Biden Administration from enforcing a tax mandate in the American Rescue Plan Act.
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