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Tennessee's traditional sales tax holiday on clothing, school supplies and computers, as well as the state’s new sales tax holiday on food and food ingredients, begin on July 28 and Aug. 1, respectively.
View MoreThe IRS recently reminded individuals and businesses in parts of four states, including Tennessee, that their 2022 federal income tax returns and tax payments are due on Monday, July 31, 2023.
View MoreTSCPA’s State Tax Committee met with representatives from the Tennessee Department of Revenue at the State Tax Liaison meeting on June 7.
View MoreThe IRS and the U.S. Treasury Department recently issued Notice 2023-54, providing transition relief regarding the change in the required beginning date for required minimum distributions under the SECURE 2.0 Act of 2022.
View MoreAs part of its efforts to improve service, the IRS continues to expand Taxpayer Assistance Centers across the country while also starting a special series of events to help taxpayers located in areas not close to the agency's in-person offices.
View MoreThe IRS recently issued proposed regulations REG-120730-21 clarifying the tax treatment of certain health insurance payments.
View MoreThe IRS recently warned taxpayers to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund.
View MoreThe Tennessee Department of Revenue has recently issued Important Notice #23-15 expanding the eligibility of the repossession sales and use tax credit.
View MoreThe IRS recently released Notice 2023-37 regarding COVID-19 coverage and high-deductible health plans.
View MoreThe IRS recently issued Rev. Proc. 2023-24, updating the list of accounting method changes that are available automatically.
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