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The IRS recently announced that storm victims in parts of Kentucky now have until Nov. 15, 2022, to file various individual and business tax returns and make tax payments.
View MoreThe U.S. House of Representatives recently passed the Senate’s version of a bill known as the CHIPS and Science Act.
View MoreThe Treasury Inspector General for Tax Administration released a new report assessing the capabilities of the IRS Child Tax Credit online portal that was launched for the expanded CTC implemented by the American Rescue Plan Act of 2021.
View MoreThe IRS recently released a statement acknowledging some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.
View MoreThe IRS recently released a new five-year Strategic Plan that outlines its goals to improve taxpayer service and tax administration.
View MoreTraditionally, the classification of a worker as an employee versus an independent contractor has not been the focus of business management.
View MoreThe IRS recently issued a revised set of frequently asked questions for the 2021 Child Tax Credit and Advance Child Tax Credit.
View MoreThe 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.
View MoreThe Tennessee Department of Revenue has posted 2022 legislative summaries to its website.
View MoreThe 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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