June 20, 2024
Following a detailed review to protect taxpayers and small businesses, the Internal Revenue Service today announced plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while starting a new round of processing lower-risk claims to help eligible taxpayers.
View More
May 30, 2024
Following a successful filing season pilot and feedback from a variety of partners, the Internal Revenue Service announced today that it will make Direct File a permanent option for filing federal tax returns starting in the 2025 tax season.
View More
May 22, 2024
The Tennessee Department of Revenue has updated the Sales and Use Tax Manual.
View More
May 22, 2024
On May 11, 2023, Governor Lee signed into law the Tennessee Works Tax Act (“TWTA”), Public Chapter 377 (2023).
View More
May 20, 2024
Pub. Ch. 917 (2024) creates a new "city tax rate" that may apply to the retail sale of food and food ingredients.
View More
May 20, 2024
SB1824/HB2074 (2024) expands the natural disaster sales tax refund available to individuals whose primary residence was damaged or destroyed as a result of the Morgan County tornadoes that occurred during April 1, 2024, to April 3, 2024.
View More
May 15, 2024
With the April 15 tax filing season deadline behind us, there are several conversations that practitioners still need to have with their clients about new tax savings opportunities for 2024.
View More
May 15, 2024
Attention eligible business owners: The claim period for franchise tax property measure (Schedule G) refunds opens today.
View More
May 8, 2024
With identity theft and refund fraud an ongoing concern, the Internal Revenue Service today highlighted additional protections for tax professionals being taken to increase security for the Centralized Authorization File (CAF) program and placed new guidelines on requesting client transcripts by phone.
View More
May 3, 2024
The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters.
View More