July 8, 2022
The IRS recently issued Revenue Procedure 2022-32, allowing certain estates to elect the portability of a deceased spousal unused exclusion amount as much as five years after the decedent's date of death.
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July 7, 2022
The Tennessee Department of Revenue has posted 2022 legislative summaries to its website.
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July 6, 2022
The Tennessee Department of Revenue is reminding taxpayers that the General Assembly approved two additional one-time sales tax holidays this year, in addition to the traditional sales tax holiday that takes place each year at the end of July.
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June 29, 2022
As part of efforts to improve its authentication procedures, the IRS recently announced it will be mandating a new electronic fingerprinting process for e-file applications for tax practitioners starting Sept. 25.
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June 28, 2022
The IRS recently announced it has prescribed tax rates for taxable substances that are subject to the Superfund chemical excise tax.
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June 27, 2022
The IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-130975-08, providing guidance on the use of present-value principles in determining the amount deductible by an estate of certain expenses and claims against the estate under Sec. 2053 of the Internal Revenue Code.
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June 23, 2022
The IRS recently announced that more forms can now be amended electronically.
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June 21, 2022
The IRS recently announced that processing of originally filed Form 1040 individual tax returns without errors received during 2021 will be completed by the end of this week, and business paper returns filed in 2021 will follow shortly after.
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June 17, 2022
The IRS recently announced expanded voice bot options as part of its efforts to improve the taxpayer experience.
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June 14, 2022
The U.S. Government Accountability Office recently issued a letter to the IRS outlining more than two dozen past and new top recommendations, including improving taxpayer service.
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