May 15, 2023
The Tennessee Department of Revenue has recently issued Important Notices #23-04 through #23-11 regarding changes made by the Tennessee Works Tax Act (SB275/HB323), which was passed in April by the Tennessee General Assembly.
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May 2, 2023
The IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-124064-19 regarding rules for certain repatriations of intangible property.
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May 1, 2023
The IRS and the U.S. Treasury Department recently issued Announcement 2023-16, stating that the IRS will return to in-person public hearings for proposed regulations with a telephone option available.
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April 27, 2023
The Tennessee General Assembly recently passed the Tennessee Works Tax Act (SB275/HB323), approving more than $400 million in tax cuts and marking one of the largest tax cuts in state history.
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April 18, 2023
The IRS and the U.S. Departments of Labor and Health and Human Services have jointly issued frequently asked questions regarding how COVID-19-related relief measures will change when the officially declared Public Health Emergency ends.
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April 14, 2023
The Tennessee Department of Revenue has recently updated its general Voluntary Disclosure Agreement guidance.
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April 11, 2023
Tennessee counties affected by the March 31 and April 1 severe storms (Cannon, Hardeman, Hardin, Haywood, Lewis, Macon, McNairy, Rutherford, Tipton and Wayne) have received tax deadline extensions to July 31, 2023, from the IRS for various federal deadlines and the Tennessee Department of Revenue for the franchise and excise deadline.
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April 6, 2023
The IRS recently published its strategic operating plan, detailing the agency’s plans for spending the $80 billion it received in funding over the next decade from the Inflation Reduction Act of 2022.
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April 4, 2023
The IRS recently issued revised Form 8940, Request for Miscellaneous Determination, and its instructions to allow electronic filing.
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April 4, 2023
The IRS recently issued Notice 2023-29, describing certain rules the IRS intends to include in forthcoming proposed regulations for determining what constitutes an energy community for the production and investment tax credits provided under the Inflation Reduction Act.
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