IRS issues proposed regulations for Corporate Alternative Minimum Tax
The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).
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All Featured (28) For the Public (147) Tax News (468) Accounting & Auditing (227) Business & Industry News (134) Regulatory News (112) Legislative News (49) Chapter News (36) Young CPAs (75) Students (97) TSCPA Press Releases (75)Showing : 21–30 of 468
Tennessee Department of Revenue Announces Special Procedure for Schedule G Refunds
The Tennessee Department of Revenue recently announced it has developed a special procedure regarding franchise tax property measure (Schedule G) refunds.
View MoreIRS issues important interim guidance on employer matching contributions made to retirement plans related to employee student loan payments
The Internal Revenue Service today issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees.
View MoreIRS reopens Voluntary Disclosure Program to help businesses with problematic Employee Retention Credit claims; sending up to 30,000 letters to address more than $1 billion in errant claims
The Internal Revenue Service announced today a limited time reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims as the agency continues compliance work.
View MoreIRS Issues Updates to Individual and Business Transcripts
The IRS recently announced that as of July 26, 2024, Get Transcripts tools on IRS.gov have been removed.
View MoreIRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.
View MoreTennessee Department of Revenue Publishes 2024 Legislative Summaries
Each year, the Tennessee Department of Revenue publishes brief summaries of the legislative changes to statutes administered by or affecting the department.
View MoreTreasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules
The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the required minimum distribution (RMD) rules.
View MoreTennessee Property Measure (Schedule G) Refund Claims
The 2024 spring tax season proved to be more challenging than Tennessee taxpayers anticipated, with major changes not only lingering at the federal level but on the Tennessee franchise and excise tax return as well.
View MoreTSCPA State Tax Liaison Meeting Summary
TSCPA’s State Tax Committee met with representatives from the Tennessee Department of Revenue and the Tennessee Department of Labor & Workforce Development at the State Tax Liaison meeting on June 6.
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