May 31, 2022
The Tennessee Department of Revenue recently issued Important Notice #22-05 regarding the sales and use tax exemption for computer software developed by a person for that person’s own use.
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May 26, 2022
The IRS recently updated its frequently asked questions for the 2021 Earned Income Tax Credit, adding new information about using prior tax years to calculate the credit.
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May 20, 2022
The IRS recently issued a revised set of frequently asked questions for the 2021 Child Tax Credit and advance Child Tax Credit.
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May 20, 2022
The IRS recently issued Revenue Ruling 2022-11, announcing that interest rates will increase for the calendar quarter beginning July 1, 2022.
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May 18, 2022
The IRS is being asked to provide more information about the race, ethnicity and sex of taxpayers but is facing legal restrictions, according to a report recently released by the Government Accountability Office.
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May 13, 2022
According to a recently released report by the Treasury Inspector General for Tax Administration, the IRS destroyed an estimated 30 million paper-filed information returns in March 2021 due to its inability to process its paper backlog.
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May 11, 2022
The Tennessee Department of Revenue recently issued Important Notice #22-03 regarding Tennessee’s decoupling from the federal research and development expenditure provision.
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May 11, 2022
The Tennessee Department of Revenue recently issued Important Notice #22-04 regarding the availability of business tax wholesaler/retailer certificates to taxpayers.
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May 4, 2022
The IRS recently announced in an email to tax professionals that it plans to migrate online services to the third-party provider ID.me this summer.
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April 29, 2022
The IRS recently issued Rev. Proc. 2022-24, announcing that the maximum contribution to a health savings account and certain associated amounts will be higher in 2023 due to inflation-related adjustments.
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