April 5, 2022
The IRS recently issued proposed regulations regarding the determination of the affordability of employer-sponsored health care coverage for purposes of a premium tax credit.
View More
April 4, 2022
The IRS recently announced that it has initiated a temporary change in policy for U.S. residency applications in an effort to help the agency deal with its backlog.
View More
March 29, 2022
The IRS is reminding teachers and other educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year.
View More
March 28, 2022
As we move closer to federal filing deadlines, the Tennessee Society of CPAs continues to push for meaningful relief for taxpayers and practitioners from the IRS.
View More
March 25, 2022
The IRS recently updated its frequently asked questions on the third-round Economic Impact Payment.
View More
March 23, 2022
The IRS recently revised its frequently asked questions on 2020 unemployment compensation exclusion.
View More
March 22, 2022
The IRS recently released Revenue Ruling 2022-7, updating the rules for the tax return disclosure restrictions for government employees in accordance with the Taxpayer First Act of 2019.
View More
March 21, 2022
Tax professionals are reminded that the Tennessee Department of Revenue extended the franchise and excise tax filing and payment deadlines to May 16, 2022, for 13 counties impacted by severe weather on Dec. 10-11, 2021.
View More
March 16, 2022
The IRS recently released Rev. Proc. 2022-17, issuing higher new depreciation limitations for passenger automobiles.
View More
March 15, 2022
The IRS recently issued Notice 2022-13, which provides a waiver of the addition to tax under section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen.
View More