Treasury, IRS Provide Safe Harbor for Taxpayers Developing Renewable Energy Projects
The Treasury Department and IRS recently announced they are providing relief for taxpayers developing renewable energy projects.
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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 : 421–430 of 485
Treasury, IRS Issue Final Regulations on Relief for Certain Tax-Exempt Organizations
The Department of the Treasury and IRS recently issued final regulations clarifying the reporting requirements generally applicable to tax-exempt organizations.
View MoreIRS Provides Guidance on Deductibility and Reporting of Certain Amounts Paid to, or at the Direction of, Governments
The IRS recently issued proposed regulations under the Tax Cuts and Jobs Act (TCJA) providing guidance to taxpayers and governments with respect to fines, penalties and certain other amounts.
View MoreIRS Provides Tax Relief for Taxpayers with Section 125 Cafeteria Plans
The IRS recently released guidance to allow temporary changes to section 125 cafeteria plans to extend the claims period for health flexible spending arrangements (FSAs) and dependent care assistance programs as well as allow taxpayers to make mid-year changes.
View MoreIRS Releases Guidance on Non-Deductibility of PPP-Related Expenses
The IRS recently released guidance via Notice 2020-32 stating taxpayers that receive a loan through the PPP can’t deduct expenses that are normally deductible if those expenses were reimbursed by a PPP loan that was subsequently forgiven.
View MoreIRS, Treasury Issue Guidance for Applying UBTI "Silo" Rules for Tax-Exempt Organizations
The Treasury Department and IRS recently issued proposed regulations under the Tax Cuts and Jobs Act providing guidance on calculating UBTI for tax-exempt organizations subject to the unrelated business income tax with more than one unrelated trade or business.
View MoreIRS Extends More Tax Deadlines for Individuals and Businesses
The Department of the Treasury and IRS have announced that Notice 2020-23 extends additional key tax deadlines for individuals and businesses.
View MoreTennessee Department of Revenue Extends Business Tax Filing and Payment Date
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.
View MoreIRS Closes Practitioner Priority Service, Suspends Other Services
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.
View MoreTax Filing and Payment Extension for Hall Income Tax
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.
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