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IRS Extends More Tax Deadlines for Individuals and Businesses

April 10, 2020 The Department of the Treasury and IRS have announced that Notice 2020-23 extends additional key tax deadlines for individuals and businesses.

Tennessee Department of Revenue Extends Business Tax Filing and Payment Date

March 30, 2020 The Tennessee Department of Revenue issued Notice #20-07, extending the due date for filing and paying the Business Tax from April 15, 2020 to June 15, 2020.

IRS Closes Practitioner Priority Service, Suspends Other Services

March 27, 2020 The IRS recently announced it is closing its Practitioner Priority Service, a special phone line for tax practitioners, due to having limited staff available to work.

Tax Filing and Payment Extension for Hall Income Tax

March 26, 2020 The Tennessee Department of Revenue has extended the due date for filing and paying the Hall income tax from April 15, 2020 to July 15, 2020.

Treasury and IRS Extend Federal Tax Filing and Payment Deadlines Regardless of Amount Owed

March 25, 2020 The Treasury Department and the IRS recently announced the federal income tax filing due date is automatically extended from April 15, 2020 to July 15, 2020.

Tennessee State Franchise and Excise Tax Due Date Extended to July 15

March 24, 2020 Governor Lee announced that Tennessee will be extending the due date for state franchise and excise taxes from April 15 to July 15, 2020. Taxpayers will have until July 15 to file returns and make any payments (including quarterly estimated payments) originally due on April 15, 2020.

Treasury, IRS and Labor Announce Plan for Coronavirus-Related Paid Leave and Tax Credits

March 23, 2020 The U.S. Treasury Department, the IRS and the U.S. Department of Labor recently announced small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them for the cost of providing coronavirus-related leave to their employees.

Federal Income Tax Filing Date Moved to July 15 as State Contemplates Extensions

March 20, 2020 The federal income tax filing due date has been formally extended to July 15 as part of the Tax Relief Filing Act for America in response to COVID-19. This decision was made due to a bipartisan congressional effort to broaden relief from the previously announced payment extensions and penalty and interest relief.

Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19

March 19, 2020 The U.S. Treasury Department and the IRS recently issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million in federal income tax payments normally due April 15, 2020 to July 15, 2020 without penalties or interest.

Update on Possible Coronavirus Tax Relief

March 16, 2020 The AICPA has been advocating for secure tax filing and payment relief due to the challenges surrounding the coronavirus (COVID-19) pandemic.