IRS Issues Updates to Individual and Business Transcripts
The IRS recently announced that as of July 26, 2024, Get Transcripts tools on IRS.gov have been removed.
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All Featured (37) For the Public (149) Tax News (544) Accounting & Auditing (252) Business & Industry News (142) Regulatory News (120) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 101–110 of 544
IRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.
View MoreTennessee Department of Revenue Publishes 2024 Legislative Summaries
Each year, the Tennessee Department of Revenue publishes brief summaries of the legislative changes to statutes administered by or affecting the department.
View MoreTreasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules
The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the required minimum distribution (RMD) rules.
View MoreTennessee Property Measure (Schedule G) Refund Claims
The 2024 spring tax season proved to be more challenging than Tennessee taxpayers anticipated, with major changes not only lingering at the federal level but on the Tennessee franchise and excise tax return as well.
View MoreTSCPA State Tax Liaison Meeting Summary
TSCPA’s State Tax Committee met with representatives from the Tennessee Department of Revenue and the Tennessee Department of Labor & Workforce Development at the State Tax Liaison meeting on June 6.
View MoreAnnual Sales Tax Holiday Happening July 26-28
Save the date and save! The State of Tennessee’s annual sales tax holiday weekend will take place Friday, July 26 through Sunday, July 28.
View MoreTreasury and IRS announce final regulations on how to report and pay the corporate stock repurchase excise tax
The Department of the Treasury and the Internal Revenue Service today issued final regulations that provide taxpayers and tax professionals with guidance on how to report and pay the 1 percent excise tax owed on corporate stock repurchases.
View MoreTreasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assets that are subject to tax under current law, additional guidance to provide penalty relief, address information reporting and other technical issues
The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations requiring custodial brokers to report sales and exchanges of digital assets, including cryptocurrency.
View MoreIRS enters next stage of Employee Retention Credit work; review indicates vast majority show risk of being improper
Following a detailed review to protect taxpayers and small businesses, the Internal Revenue Service today announced plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while starting a new round of processing lower-risk claims to help eligible taxpayers.
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