September 23, 2025
The IRS recently released Notice 2025-54, providing that the special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel starting Oct. 1 will remain the same as the previous year.
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September 23, 2025
The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.
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September 22, 2025
The Internal Revenue Service today issued guidance that provides tax relief for farmers and ranchers in applicable states and regions who sold or exchanged livestock because of drought conditions.
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September 19, 2025
The Department of the Treasury and the Internal Revenue Service today provided guidance on “no tax on tips” provision.
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September 17, 2025
The Tennessee Department of Revenue has updated its tax manual for bars and restaurants.
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September 15, 2025
In the January/February 2025 issue, we reviewed expectations for the tax year ahead based on the campaign promises made by President Donald Trump.
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September 15, 2025
On July 10, the U.S. Senate unanimously passed H.R. 517, the Filing Relief for Natural Disasters Act, allowing the U.S. Department of the Treasury and the IRS to grant tax relief when a governor declares either a disaster or state emergency.
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September 15, 2025
By taking advantage of the Tennessee Dual Enrollment Grant, many Tennessee high school students are eligible to earn college credit at little or no cost while still in high school.
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September 2, 2025
The U.S. Treasury Department recently named the occupations that will be eligible for the No Tax on Tips deduction enacted by the One Big Beautiful Bill Act that was signed into law on July 4, 2025.
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August 21, 2025
The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill Act (OBBB).
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