Tennessee Department of Revenue Updates Tax Manuals
The Tennessee Department of Revenue has made updates to tax manuals. View More
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The Tennessee Department of Revenue has made updates to tax manuals. View More
The U.S. Department of the Treasury and the Internal Revenue Service today issued Notice 2025-33 extending and modifying the transition relief provided in Notice 2024-56 for brokers who are required to file Form 1099-DA, Digital Asset Proceeds From Broker Transactions to report certain digital asset sale and exchange transactions by customers. View More
The IRS recently issued Rev. Proc. 2025-23, providing an updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply. View More
The Tennessee Department of Revenue has posted 2025 legislative summaries. View More
Effective January 1, 2026, Public Chapter 526 (2025) amends the current law governing the taxation and regulation of sales of hemp-derived cannabinoid products. View More
The IRS recently issued Notice 2025-27, providing interim guidance on the application of the Sec. 55 corporate alternative minimum tax (CAMT), which was enacted by the Inflation Reduction Act of 2022. View More
The Tennessee Department of Labor & Workforce Development recently announced that it has fully modernized the state’s unemployment system with the implementation of Unemployment Tax functionality on http://www.jobs4TN.gov. View More
Effective July 1, 2025, Public Chapter 477 (2025) exempts from liquor-by-the-drink tax the sale of wine for consumption on the premises of a winery, farm wine producer, or satellite facility of a winery or farm wine producer. View More
Effective July 1, 2025, Public Chapter 517 (2025) makes several changes to Tennessee sales and use tax law by allowing nuclear energy production facilities to qualify for the pollution control credit on certain purchases, deleting the statutory provision stating the enrichment of uranium materials on a cost-plus or “toll enrichment fee” basis is a taxable service, and by exempting qualified purchases of industrial machinery used to enrich, convert, or reconvert uranium. View More
Many taxpayers have businesses that they own and manage and seek ways to minimize their tax burden by claiming deductions for business use of their homes. View More