Treasury and IRS announce final regulations on how to report and pay the corporate stock repurchase excise tax
https://www.irs.gov/newsroom/treasury-and-irs-announce-final-regulations-on-how-to-report-and-pay-the-corporate-stock-repurchase-excise-tax
IRS enters next stage of Employee Retention Credit work; review indicates vast majority show risk of being improper
https://www.irs.gov/newsroom/irs-enters-next-stage-of-employee-retention-credit-work-review-indicates-vast-majority-show-risk-of-being-improper
IRS makes Direct File a permanent option to file federal tax returns; expanded access for more taxpayers planned for the 2025 filing season
https://www.irs.gov/newsroom/irs-makes-direct-file-a-permanent-option-to-file-federal-tax-returns-expanded-access-for-more-taxpayers-planned-for-the-2025-filing-season
Important Notice #24-08: Tennessee Works Tax Act Updates – Sourcing
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales24-08.pdf
Tennessee Department of Revenue Updates Sales and Use Tax Manual
https://www.tn.gov/content/dam/tn/revenue/documents/tax_manuals/June-2024/Sales-Use-Tax-Manual.pdf
Important Notice #24-06: Natural Disaster Relief Refund: Morgan County Tornadoes
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales24-06.pdf
Important Notice #24-07: Local Tax on Food and Food Ingredients
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales24-07.pdf
2024 Brings Many New Opportunities for Your Clients’ Tax Savings
With the April 15 tax filing season deadline behind us, there are several conversations that practitioners still need to have with their clients about new tax savings opportunities for 2024.
Claim Period for Franchise Tax Property Measure (Schedule G) Refunds Opens Today
Attention eligible business owners: The claim period for franchise tax property measure (Schedule G) refunds opens today.
To protect against identity theft, IRS adds additional protections to Centralized Authorization File, Transcript Delivery System; changes designed to protect sensitive tax pro, taxpayer information
With identity theft and refund fraud an ongoing concern, the Internal Revenue Service today highlighted additional protections for tax professionals being taken to increase security for the Centralized Authorization File (CAF) program and placed new guidelines on requesting client transcripts by phone.