TN Dept of Revenue Warns of USPS Postmark Changes Affecting Tax Filings
The Tennessee Department of Revenue has issued Notice #26-09 to alert taxpayers and practitioners to upcoming changes in how the U.S. Postal Service (USPS) applies postmarks, which could affect whether mailed tax filings are considered timely. Effective December 24, 2025, USPS postmarks will generally reflect the date an item is first processed at a postal […]
Federal/State Tax Filing and Payment Deadlines Extended to May 22 for Tennesseans Impacted by Winter Storm Fern
Tax professionals across Tennessee should be aware of federal and state tax relief measures granted in response to Winter Storm Fern, which began on January 22, 2026. Both the Internal Revenue Service (IRS) and the Tennessee Department of Revenue have announced extensions and penalty relief until May 22 for affected individuals and businesses in designated […]
TSCPA Member Update on Tax Deadline Extensions
TSCPA Members: The Internal Revenue Service announced today tax relief for individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026. These taxpayers now have until May 22, 2026, to file various federal individual and business tax returns and make tax payments. For more information, click here. TSCPA worked […]
IRS Releases Lapsed Appropriations Contingency Plan
In a lapsed appropriations contingency plan posted late Friday, the IRS announced that it would remain fully staffed from Jan. 31, 2026, through Feb. 7, 2026, of a federal government shutdown. The plan explained that Section 10301 of the Inflation Reduction Act, Pub. L. 117-169, provided supplemental appropriations available through Sept. 30, 2031, for all […]
Winter Storm Fern Alert – Jan. 29, 2026
We have received inquiries about a filing delay for the Feb. 2, 2026, deadline due to the winter weather many states have experienced this week and the winter weather anticipated for this weekend. FEMA has issued Emergency Declarations for Louisiana, Indiana, Arkansas, West Virginia, Tennessee, Kentucky, Maryland, North Carolina, Mississippi, Georgia, Virginia and South Carolina […]
IRS issues frequently asked questions about Executive Order 14247: Modernizing Payments To and From America’s Bank Account
https://www.irs.gov/newsroom/irs-issues-frequently-asked-questions-about-executive-order-14247-modernizing-payments-to-and-from-americas-bank-account
Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill
https://www.irs.gov/newsroom/treasury-irs-issue-faqs-to-address-the-new-deduction-for-qualified-overtime-compensation-under-the-one-big-beautiful-bill
Treasury, IRS provide new safe harbor explanations for retirement plan administrators
https://www.irs.gov/newsroom/treasury-irs-provide-new-safe-harbor-explanations-for-retirement-plan-administrators
Important Notice #26-01: End of Penny Production
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales26-01.pdf
Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-the-additional-first-year-depreciation-deduction-amended-as-part-of-the-one-big-beautiful-bill