September 10, 2020
On Aug. 28, the IRS announced it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically to help reduce in-person contact during the COVID-19 pandemic, and the agency has recently updated the list of forms accepted digitally.
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September 2, 2020
TSCPA has joined more than 120 employers and organizations across the nation in signing a letter to Congressional leaders urging them to support state tax filing and withholding relief for remote workers during the pandemic.
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August 21, 2020
The IRS has issued a statement that it is aware that a small population of employers that reduced their tax deposits in anticipation of claiming the sick and family leave credits or employee retention credit may have received a notice stating there was a failure to deposit penalty applicable to the Form 941 on which the credits were claimed.
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August 19, 2020
The IRS has issued an update regarding its backlog in processing mail and payments due to COVID-19.
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August 10, 2020
Congress will soon be returning from their July recess and then they’ll have a short period before their August recess. They will be taking a hard look at the next round of legislation to help with the impact of COVID-19.
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July 21, 2020
The Department of the Treasury and IRS recently issued a final regulation addressing the treatment of income earned by certain foreign corporations that is subject to a high rate of foreign tax.
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July 15, 2020
The IRS has recently announced that due to the COVID-19 pandemic it will provide additional relief to hospital organizations that must meet the Community Health Needs Assessments requirements.
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July 6, 2020
The Treasury Department and IRS recently issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses.
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July 2, 2020
The IRS has announced that it will pay interest on delayed tax refunds due to this year’s tax deadline extension.
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July 1, 2020
The Tennessee General Assembly has announced it has approved two separate sales tax holiday weekends for the year 2020 only.
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