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