The 2025 decision from the U.S. Court of Federal Claims in Kwong v. United States (Kwong) clarified how mandatory tax relief provisions under former Section 7508A(d) apply to the postponement of tax and payment deadlines during federally declared disasters, specifically the COVID-19 pandemic. In Kwong, the taxpayer sought penalty abatements for specific tax years, but
Information Regarding Kwong v. United States Read More »
Washington, D.C. (June 26, 2026) – The American Institute of CPAs (AICPA) is encouraging families to educate themselves about new “Trump Accounts,” officially known as Section 530A accounts, so they can make informed investment choices for their children’s future. July 4 marks the official launch date, when the accounts become fully active investment accounts – allowing families to begin
AICPA Urges Families to Learn the Basics of “Trump Accounts” Before Contributing Read More »
The Tennessee Department of Revenue releases notices regarding upcoming tax revenue changes. Please visit www.tn.gov/revenue for more information regarding the tax changes. Notice #26-15: Proof of Citizenship or Lawful Presence Required for Motor Vehicle Registration Effective Jan. 1, 2027, Public Chapter 954 (2026) requires an applicant for initial motor vehicle registration that requires a license
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The Tennessee Department of Revenue released interest rates for the 2026-27 fiscal year. The interest rate will be 10.75% and the interest rate for installment payment agreements is 13%. Visit the TN Department of Revenue website for previous fiscal year interest rates.
2026-27 Fiscal Year Interest Rates Read More »
Barrett Simonis, CPA, of Knoxville, was recently presented with the Tennessee Society of Certified Public Accountants’ (TSCPA) 2026 TSCPApex CPA of the Year Award. The TSCPApex Awards Program recognizes the many ways that individuals contribute significant time, energy and intellect to developing the accounting profession and fostering its success. The CPA of the Year Award recognizes a CPA who has made outstanding contributions toward advancing
Simonis Receives CPA of the Year Award from the Tennessee Society of CPAs Read More »
John Griesbeck, CPA, of Germantown, was recently presented with the Tennessee Society of Certified Public Accountants’ (TSCPA) 2026 TSCPApex Lifetime Achievement Award. The TSCPApex Awards Program recognizes the many ways that individuals contribute significant time, energy and intellect to developing the accounting profession and fostering its success. The Lifetime Achievement Award is given in recognition of a TSCPA member who has exhibited leadership, made significant contributions to the
Griesbeck Receives Lifetime Achievement Award from Tennessee Society of CPAs Read More »
Art Sparks, CPA, of Union City, was recently presented with the Tennessee Society of Certified Public Accountants’ (TSCPA) 2026 TSCPApex Lifetime Achievement Award. The TSCPApex Awards Program recognizes the many ways that individuals contribute significant time, energy and intellect to developing the accounting profession and fostering its success. The Lifetime Achievement Award is given in recognition of a TSCPA member who has exhibited leadership, made significant contributions
Sparks Receives Lifetime Achievement Award from Tennessee Society of CPAs Read More »
The Tennessee Society of Certified Public Accountants (TSCPA) honored its top members in six different categories at its 95th Annual Meeting and Convention held in Isle of Palms, South Carolina, on June 9-12, 2026. The TSCPApex Awards Program recognizes the many ways that individuals contribute significant time, energy and intellect to developing the accounting profession and fostering its success. The awards celebrate those who are
Tennessee Society of CPAs Names TSCPApex Award Recipients Read More »
National Accounting Day, celebrated on May 19, offered an opportunity to recognize the essential role CPAs play in strengthening businesses, communities, and the public trust. This year, the celebration goes beyond recognition—it becomes a collective moment to show the impact of the profession in a powerful, visible way. The AICPA launched an interactive digital mosaic,
National Accounting Day: What Trust Looks Like in Action Read More »
The 2026 legislative session of the Tennessee General Assembly concluded on April 25. Since the session began on January 13, TSCPA’s lobbying team reviewed proposed legislation and held our annual Day on the Hill. The General Assembly focused on the key priorities of education, public safety, healthcare, infrastructure, and the state budget. As required by
Legislative Update May/June 2026 Read More »