IRS Issues Update Regarding Pending Check Payments and Notices
The IRS has issued an update regarding its backlog in processing mail and payments due to COVID-19.
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All Featured (27) For the Public (149) Tax News (485) Accounting & Auditing (235) Business & Industry News (141) Regulatory News (116) Legislative News (55) Chapter News (40) Young CPAs (82) Students (101) TSCPA Press Releases (81)Showing : 411–420 of 485
More Credits and Incentives Could Be Included in the Next COVID Relief Bill
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.
View MoreTreasury, IRS Issue Final and Proposed Regulations on Income Subject to a High Rate of Foreign Tax
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.
View MoreIRS Provides Additional COVID-19 Relief for Tax-Exempt Hospitals
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.
View MoreTreasury Department and IRS Issue Guidance for Consolidated Groups Regarding Net Operating Losses
The Treasury Department and IRS recently issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses.
View MoreIRS to Pay Interest on Delayed Tax Refunds
The IRS has announced that it will pay interest on delayed tax refunds due to this year’s tax deadline extension.
View MoreTennessee General Assembly Approves Two Sales Tax Holiday Weekends for 2020
The Tennessee General Assembly has announced it has approved two separate sales tax holiday weekends for the year 2020 only.
View MoreTreasury, IRS Announce July 15 Tax Deadline to Remain with Automatic Filing Extension Available
The Treasury Department and IRS recently announced the tax filing and payment deadline of July 15 will not be postponed, but individual taxpayers unable to meet the due date can request an automatic extension of time to file until Oct. 15.
View MoreIRS Extends July 15 Deadlines and Provides Other Relief for Victims of Tennessee Storms
The IRS has announced taxpayers affected by the April tornadoes and severe storms in Tennessee will have until Oct. 15, 2020, to file various individual and business tax returns and make payments.
View MoreIRS Provides Relief to Help Retirement Plan Participants Affected by COVID-19
The IRS recently released Notice 2020-50 to help retirement plan participants affected by COVID-19 take advantage of CARES Act provisions providing enhanced access to plan distributions and plan loans.
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