IRS Updates FAQs on Taxability and Reporting of Coronavirus State and Local Fiscal Recovery Funds
The IRS recently updated its frequently asked questions, FS-2022-36, on Coronavirus State and Local Fiscal Recovery Funds.
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IRS Reports Significant Increase in Texting Scams
The IRS is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
View MoreTennessee Secretary of State Warns of New Scam Targeting Tennesseans
The Tennessee Secretary of State’s office is warning Tennesseans about an official-looking mailer from TN UCC Statement Service that incorrectly implies that businesses or individuals need a copy of the UCC-1 financing statement filed against them.
View MoreTennessee Department of Revenue Issues Changes to Professions Subject to Professional Privilege Tax
The Tennessee Department of Revenue recently issued Important Notice #22-13 regarding changes to professions subject to the professional privilege tax.
View MoreIRS Extends Remedial Amendment Period for CARES Act and Taxpayer Certainty and Disaster Tax Relief Act
The IRS recently issued Notice 2022-45, extending the deadline for amendments to retirement plans and individual retirement arrangements to adopt selected provisions regarding distributions and loans under the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
View MoreIRS Raises Per Diem Standard Rates for Business Travel
The IRS recently released Notice 2022-44, which raises the special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel starting Oct. 1.
View MorePCAOB Seeks Comments on Interim Attestation Standards
The Public Company Accounting Oversight Board recently issued a staff request for information and comment on matters related to the application and use of the Board’s interim attestation standards.
View MoreTIGTA Releases Report on IRS Physical Security
The Treasury Inspector General for Tax Administration recently released a report presenting the results of its review of the IRS’ process for implementing countermeasures recommended in facility security risk assessments.
View MoreIRS Reminds Taxpayers of Sept. 30 Filing Deadline for COVID Penalty Relief
The IRS is reminding individuals and businesses affected by the COVID-19 pandemic that they may qualify for late-filing penalty relief if they file their 2019 and 2020 returns by Sept. 30, 2022.
View MoreTIGTA Releases Report on IRS Tax Return Backlog
The Treasury Inspector General for Tax Administration recently released an audit report sharing the results of its continued assessment of IRS efforts to address the backlog of tax returns and other related work.
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