IRS Provides Tax Inflation Adjustments for Tax Year 2022
The IRS recently announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (28) For the Public (149) Tax News (486) Accounting & Auditing (235) Business & Industry News (141) Regulatory News (116) Legislative News (55) Chapter News (40) Young CPAs (82) Students (101) TSCPA Press Releases (81)Showing : 341–350 of 486
Infrastructure Bill Tax Provisions Include Early ERC Termination
The early termination of the employee retention credit and the requirement of broker reporting of cryptoasset transfers are two tax provisions of H.R. 3684, the Infrastructure Investment and Jobs Act, which passed the House of Representatives last Friday.
View MoreIRS Issues Guidance Regarding Cost-of-Living Adjustments Affecting Dollar Limitations for Retirement-Related Items for 2022
The IRS recently issued Notice 2021-61 stating technical guidance regarding all cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2022.
View MoreTennessee Department of Revenue Erroneously Assessed Some Taxpayers Affected by March Storms
Due to a system issue, the Tennessee Department of Revenue erroneously assessed some taxpayers affected by the March 2021 storms who were granted deadline extensions under important notice #21-07.
View MoreIRS Releases Reporting Guidance for Partnership Interests Held in Connection With the Performance of Services
The IRS recently posted a set of FAQs detailing reporting directions for certain passthrough entities and taxpayers reporting of partnership interests held in connection with the performance of services.
View MoreIRS Helps Employers Wanting to Rehire Retirees or Retain Employees After Retirement Age
To help address COVID-related labor shortages, the IRS is reminding employers that they generally will not jeopardize the tax status of their pension plans if they rehire retirees or permit distributions of retirement benefits to current employees who have reached age 59 ½ or the plan’s normal retirement age.
View MoreIRS Reminds Tax Return Preparers to Renew PTINs by Dec. 31 for 2022
The IRS is reminding federal tax return preparers that all current Preparer Tax Identification Numbers will expire on Dec. 31, so tax return preparers must renew their PTINs for 2022.
View MoreTennessee Department of Revenue to Hold Webinar on Sales Tax Returns on Oct. 26
The Tennessee Department of Revenue will offer a free webinar covering how to file Tennessee sales tax returns on Oct. 26 at 9 a.m. Central Time.
View MoreSocial Security Administration Sets Social Security Wage Base, Cost-of-Living Adjustment for 2022
The Social Security Administration recently announced the maximum amount of an individual's taxable earnings in 2022 subject to Social Security tax, as well as a cost-of-living adjustment.
View MoreTennessee Department of Revenue Issues Notice on Customer Refund Procedure
The Tennessee Department of Revenue recently issued Notice #21-18 regarding the procedure for sales and use tax refund requests made by a customer.
View More