February 2, 2022
Tennessee Society of Certified Public Accountants applauds the five members of the Tennessee Congressional delegation who joined many of their colleagues in signing bipartisan letters to the Treasury Department urging it to improve this year’s tax filing season process.
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February 1, 2022
The IRS recently issued Rev. Proc. 2022-14, updating the list of accounting method changes that are available automatically.
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February 1, 2022
The IRS recently released 2021 filing season frequently asked questions on the expanded Child Tax Credit to assist taxpayers in preparing their tax year 2021 tax returns.
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February 1, 2022
The IRS is advising taxpayers to look to their IRS Online Account for the most up-to-date amounts of the advance Child Tax Credit to include on their tax returns instead of the amounts in the letters it has been sending.
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January 28, 2022
The Tax Professionals United for Taxpayer Relief Coalition has released a statement in response to recent actions by the IRS to suspend “some notices to taxpayers” for the upcoming tax filing season.
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January 27, 2022
The IRS has recently implemented a new identity verification process for taxpayers who want to access their online accounts and self-help tools.
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January 24, 2022
The IRS recently issued final regulations (T.D. 9960) regarding the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations.
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January 24, 2022
TSCPA, in partnership with the AICPA and other state societies, with support from U.S. Representative Sanchez and Representative LaHood and others, is calling on the Treasury and IRS to consider solutions that will help filers bypass the extreme IRS backlog due to the pandemic and make it easier to file timely returns.
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January 20, 2022
On Feb. 2 from 8 a.m.-2:30 p.m. CST, the Taxpayer Advocate Service will be available to assist practitioners virtually with client tax problems they have not been able to resolve with the IRS.
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January 20, 2022
The IRS recently issued Rev. Proc. 2022-13 regarding employee status determinations under Sec. 7436.
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