August 14, 2023
The IRS recently issued Notice 2023-60, providing guidance regarding how to request religious exemptions, hardship waivers and other administrative exemptions from electronic filing requirements included in final regulations (T.D. 9972) issued in February.
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August 3, 2023
The U.S. Department of the Treasury and the IRS recently issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions.
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July 26, 2023
The U.S. Department of the Treasury and the IRS recently issued final regulations T.D. 9978 allowing the assessment of erroneous COVID-19-related tax credit refunds.
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July 26, 2023
With the IRS making progress in its ongoing effort related to Employee Retention Credit claims, the agency said it has entered a new phase of increasing scrutiny on dubious submissions while renewing consumer warnings against aggressive marketing.
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July 24, 2023
The IRS recently issued Notice 2023-55, announcing temporary relief for taxpayers in determining whether a foreign tax is eligible for the Foreign Tax Credit under Internal Revenue Code Sections 901 and 903.
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July 24, 2023
As part of a larger transformation effort, the IRS recently announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers.
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July 24, 2023
Tennessee's traditional sales tax holiday on clothing, school supplies and computers, as well as the state’s new sales tax holiday on food and food ingredients, begin on July 28 and Aug. 1, respectively.
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July 17, 2023
The IRS recently reminded individuals and businesses in parts of four states, including Tennessee, that their 2022 federal income tax returns and tax payments are due on Monday, July 31, 2023.
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July 15, 2023
TSCPA’s State Tax Committee met with representatives from the Tennessee Department of Revenue at the State Tax Liaison meeting on June 7.
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July 14, 2023
The IRS and the U.S. Treasury Department recently issued Notice 2023-54, providing transition relief regarding the change in the required beginning date for required minimum distributions under the SECURE 2.0 Act of 2022.
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