TNTAP Business and F&E Updates
The Department of Revenue has important updates about business tax and franchise and excise tax. This includes information about new account numbers, consolidation and other filing tips.
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All Featured (71) For the Public (45) Business & Industry News (3) Chapter News (1) Legislative News (0) Regulatory News (11) Tax News (40) Young CPAs (0)Showing : 1–10 of 45
IRS Provides Guidance on Parking Fringe Expenses and Unrelated Business Taxable Income, Penalty Relief to Tax-Exempt Organizations
The Internal Revenue Service recently issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The new rules assist taxpayers in determining the amount of parking expenses that are no longer tax deductible. They also help tax-exempt organizations determine how these nondeductible parking expenses create or increase unrelated business taxable income.
View MoreIRS Provides Guidance on Stock Options and Restricted Stock Units Tax Benefit for Private Corporations’ Employees
The Internal Revenue Service recently issued Notice 2018-97, offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax for up to five years on the value of qualified stock options and restricted stock units granted to them by their employers.
View MoreIRS Announces Interest Rate Increase for the First Quarter of 2019
The Internal Revenue Service recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2019.
View MoreInflation Adjustments and Tax Tables for 2019
The Internal Revenue Service recently announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
View More6 Easy Step to Get Ready for Filing Your Taxes
Follow these six easy steps from the IRS to ensure smooth processing of your 2018 tax return and avoid surprises when you file next year.
View MoreIRS Issues Inflation Adjustments for Retirement Plans
The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83.
View MoreOpportunity Zone Tax Incentives Proposed Regulations by IRS, Treasury
Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits.
View MoreTax Deadline Extensions for Out-of-State Businesses Affected by Hurricane Michael and Florence
If you have clients affected by Hurricane Florence, you might be able to get a tax deadline extension for them. Out-of-state taxpayers affected by natural disasters may request a filing extension for their Tennessee tax returns.
View MoreNew Guidance on TCJA Changes on Business Expense Deductions for Meals, Entertainment
The Internal Revenue Service has issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).
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