January 4, 2022
As part of ongoing efforts to improve service for the tax-exempt community, the IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code, to allow electronic filing.
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January 3, 2022
The IRS is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.
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December 28, 2021
The Tennessee Department of Revenue recently issued Important Notice #21-19, extending the franchise and excise tax filing and payment deadlines to May 16, 2022, for those affected by the December tornadoes, storms and flooding.
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December 22, 2021
The IRS recently issued Notice 2022-03, which increases the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes for the 2022 tax year.
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December 21, 2021
The IRS recently announced that victims of this month’s tornadoes and storms in Tennessee will have until May 16, 2022, to file various individual and business tax returns and make tax payments.
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December 7, 2021
The IRS recently issued guidance for employers regarding the retroactive termination of the Employee Retention Credit.
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December 6, 2021
Filing your taxes can be daunting—especially for low- to moderate-income individuals. Too many of our neighbors are paying hundreds of dollars in filing fees and aren’t accessing important tax credits they deserve.
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December 2, 2021
The IRS recently released Memos NHQ-10-1121-0005 and NHQ-01-1121-0004, which extend the ability to electronically sign a number of different tax forms and compliance documents through Oct. 31, 2023.
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November 19, 2021
The U.S. House of Representatives recently passed H.R. 5376, the Build Back Better Act, which includes a wide variety of budget and spending provisions, including many tax provisions.
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November 18, 2021
The IRS recently issued three revenue procedures regarding the treatment of amounts excluded from taxpayers' gross income connected to the forgiveness of Paycheck Protection Program loans.
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