Tax Resources

Important Notice #26-01: End of Penny Production

By Kate Smith | January 15, 2026

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

By Kate Smith | January 14, 2026

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

Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties

By Kate Smith | January 8, 2026

https://www.irs.gov/newsroom/treasury-irs-issue-proposed-regulations-reflecting-changes-from-the-one-big-beautiful-bill-to-the-threshold-for-backup-withholding-on-certain-payments-made-through-third-parties

IRS announces first day of 2026 filing season; online tools and resources help with tax filing

By Kate Smith | January 8, 2026

https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and-resources-help-with-tax-filing

Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill

By Kate Smith | December 31, 2025

https://www.irs.gov/newsroom/treasury-irs-provide-guidance-on-the-new-deduction-for-car-loan-interest-under-the-one-big-beautiful-bill

IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents

By Kate Smith | December 29, 2025

https://www.irs.gov/newsroom/irs-sets-2026-business-standard-mileage-rate-at-725-cents-per-mile-up-25-cents  

USPS Adopts Regulations Updating Postmark Dates

By Kate Smith | December 26, 2025

The U.S. Postal Service (USPS) recently adopted final regulations affecting the postmark date of mailed items. Effective Dec. 24, 2025, the regulations clarify that a machine-applied postmark indicates the date of the “first automated processing operation” at a processing facility. Due to the new regulations, a mailed item’s postmark may be several days later than […]

Tennessee Department of Revenue Updates Tax Manuals

By Kate Smith | December 23, 2025

https://www.tn.gov/content/dam/tn/revenue/documents/tax_manuals/december-2025/Tax-Manual-Updates.pdf

IRS Updates FAQs on the Limitation on the Deduction for Business Interest Expense and Premium Tax Credit

By Kate Smith | December 23, 2025

The IRS recently updated frequently asked questions (FAQs) regarding changes to the limitation on the deduction for business interest expense (Fact Sheet 2025-09) and the Premium Tax Credit (Fact Sheet 2025-10) under the One Big Beautiful Bill (OBBB). For tax years beginning after Dec. 31, 2024, the OBBB amended Section 163(j) by: Allowing taxpayers to […]

Treasury, IRS provide safe harbor for taxpayers claiming the carbon capture credit

By Kate Smith | December 19, 2025

https://www.irs.gov/newsroom/treasury-irs-provide-safe-harbor-for-taxpayers-claiming-the-carbon-capture-credit

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