April 18, 2022
The IRS recently issued Notice 2022-15, providing temporary relief from a penalty for failure to deposit Superfund excise taxes and confirming the availability of a safe harbor for deposits.
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April 15, 2022
The IRS recently stated that in mid-April it will begin sending Notices CP2100 and CP2100A to financial institutions, businesses or payers who filed certain types of information returns that do not match IRS records.
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April 14, 2022
With the upcoming tax filing deadline, the Tennessee Department of Revenue is providing clarified information about a common taxpayer issue regarding filing a business tax return through TNTAP.
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April 13, 2022
The IRS recently updated its frequently asked questions and answers for both the 2021 and 2020 Recovery Rebate Credit.
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April 13, 2022
The IRS recently updated its frequently asked questions and answers on the new Schedules K-2 and K-3 forms in response to input from stakeholders.
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April 12, 2022
The IRS recently announced that taxpayers who may need to take additional actions related to Qualified Opportunity Funds should begin receiving letters in the mail in April.
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April 8, 2022
The Tennessee Department of Revenue recently issued Important Notice #22-02, eliminating the requirement that every distiller, rectifier, vintner and importer selling distilled spirits or wine to licensed wholesalers send the Department duplicate sales invoices.
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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.
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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.
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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.
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