IRS Reminds Tax-Exempt Organizations of May 16 Filing Deadline
The IRS recently issued a press release reminding tax-exempt organizations that many have a filing deadline of May 16, 2022.
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IRS Grants Superfund Taxpayers Failure-to-Deposit Penalty Relief
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.
View MoreIRS to Send Notices to Help Payers Correct Backup Withholding Errors
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.
View MoreTennessee Department of Revenue Clarifies TNTAP Business Tax Filing Issue
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.
View MoreIRS Updates FAQs for 2021 and 2020 Recovery Rebate Credit
The IRS recently updated its frequently asked questions and answers for both the 2021 and 2020 Recovery Rebate Credit.
View MoreIRS Updates Schedules K-2 and K-3 FAQs
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.
View MoreIRS to Send Letters Related to Qualified Opportunity Funds
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.
View MoreTennessee Department of Revenue Issues Update to Alcohol Tax
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.
View MoreIRS Proposes Regulations to Revise Premium Tax Credit’s Affordability Test
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 MoreIRS Temporarily Changes U.S. Residency Application Policy
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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