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The Office of Management and Budget recently issued Addendum No. 1 to the 2021 Compliance Supplement, providing guidance for auditing funds received from the Coronavirus State and Local Fiscal Recovery Fund and an update to the Education Stabilization Fund program section.
View MoreThe IRS recently announced that taxpayers will have until April 18, 2022, to file and pay income taxes or to request an automatic six-month extension.
View MoreAs part of ongoing efforts to improve service for the tax-exempt community, the IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code, to allow electronic filing.
View MoreThe IRS is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.
View MoreThe Tennessee Department of Revenue recently issued Important Notice #21-19, extending the franchise and excise tax filing and payment deadlines to May 16, 2022, for those affected by the December tornadoes, storms and flooding.
View MoreThe IRS recently issued Notice 2022-03, which increases the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes for the 2022 tax year.
View MoreThe IRS recently announced that victims of this month’s tornadoes and storms in Tennessee will have until May 16, 2022, to file various individual and business tax returns and make tax payments.
View MorePresident Joe Biden has declared a disaster in nine Tennessee counties hit by tornadoes and other storms on Dec. 10-11.
View MoreMeet TSCPA Student Ambassador Reedhi Bamnelkar.
View MoreThe IRS recently issued guidance for employers regarding the retroactive termination of the Employee Retention Credit.
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