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With the upcoming tax filing deadline, the Tennessee Department of Revenue is providing clarified information about a common taxpayer issue regarding filing a business tax return through TNTAP.
View MoreThe IRS recently updated its frequently asked questions and answers for both the 2021 and 2020 Recovery Rebate Credit.
View MoreThe IRS recently updated its frequently asked questions and answers on the new Schedules K-2 and K-3 forms in response to input from stakeholders.
View MoreThe IRS recently announced that taxpayers who may need to take additional actions related to Qualified Opportunity Funds should begin receiving letters in the mail in April.
View MoreThe Tennessee Department of Revenue recently issued Important Notice #22-02, eliminating the requirement that every distiller, rectifier, vintner and importer selling distilled spirits or wine to licensed wholesalers send the Department duplicate sales invoices.
View MoreThe IRS recently issued proposed regulations regarding the determination of the affordability of employer-sponsored health care coverage for purposes of a premium tax credit.
View MoreThe IRS recently announced that it has initiated a temporary change in policy for U.S. residency applications in an effort to help the agency deal with its backlog.
View MoreThe IRS is reminding teachers and other educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year.
View MoreAs we move closer to federal filing deadlines, the Tennessee Society of CPAs continues to push for meaningful relief for taxpayers and practitioners from the IRS.
View MoreThe IRS recently updated its frequently asked questions on the third-round Economic Impact Payment.
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