IRS Issues Superfund Chemical Excise Tax Rates and FAQs
The IRS recently announced it has prescribed tax rates for taxable substances that are subject to the Superfund chemical excise tax.
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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 : 301–310 of 544
IRS and Treasury Issue Proposed Regulations on Present Value of Estate Deductions
The IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-130975-08, providing guidance on the use of present-value principles in determining the amount deductible by an estate of certain expenses and claims against the estate under Sec. 2053 of the Internal Revenue Code.
View MoreIRS Offers More Options To Amend Returns Electronically
The IRS recently announced that more forms can now be amended electronically.
View MoreIRS To Complete Original Tax Returns Filed in 2021
The IRS recently announced that processing of originally filed Form 1040 individual tax returns without errors received during 2021 will be completed by the end of this week, and business paper returns filed in 2021 will follow shortly after.
View MoreIRS Expands Voice Bot Options
The IRS recently announced expanded voice bot options as part of its efforts to improve the taxpayer experience.
View MoreGAO Issues Letter Recommending Priorities for IRS
The U.S. Government Accountability Office recently issued a letter to the IRS outlining more than two dozen past and new top recommendations, including improving taxpayer service.
View MoreTreasury Issues Guidance on Providing Accounting Services to U.S. Subsidiaries of Russian Companies
The U.S. Department of the Treasury's Office of Foreign Assets Control recently issued guidance clarifying that United States accounting firms are not prohibited by a White House executive order concerning U.S. sanctions against Russia from providing tax advisory and preparation services to U.S. subsidiaries of Russian companies in certain situations.
View MoreIRS Increases Mileage Rate for Remainder of 2022
In recognition of the recent rise in gasoline prices, the IRS has issued Announcement 2022-13, increasing the optional standard mileage rate for the final six months of 2022.
View MoreTennessee Department of Revenue Waives State Portion of Vehicle Registration Fees
The Tennessee Department of Revenue recently issued Important Notice #22-12 regarding the state portion of vehicle registration fees.
View MoreTennessee Department of Revenue Increases County Motor Vehicle Title Fee
The Tennessee Department of Revenue recently issued Important Notice #22-11 regarding the county fee for receiving and forwarding applications for certificates of title.
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