October 1, 2024
The Internal Revenue Service announced today that due to recent terrorist attacks in Israel, the agency is providing additional tax relief to affected individuals and businesses, postponing until Sept. 30, 2025, a wide range of deadlines for filing federal returns, making tax payments and performing other time-sensitive tax-related actions.
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October 1, 2024
The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.
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September 26, 2024
The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.
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September 19, 2024
The Internal Revenue Service today updated its frequently asked questions in Fact Sheet 2024-30 for the Premium Tax Credit.
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September 16, 2024
The IRS recently issued final regulations T.D. 9991 on the statutory requirement that the basis of property acquired from a decedent be consistent with the basis reported on the estate tax return, finalizing regulations proposed eight years ago (REG-127923-15).
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September 15, 2024
TSCPA’s Federal Tax Committee met with representatives from the IRS at the Federal Tax Liaison meeting on June 4, 2024.
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September 15, 2024
Estate planning can be a morbid matter that may only impact a small percentage of taxpayers.
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September 12, 2024
The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).
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September 4, 2024
The Tennessee Department of Revenue recently announced it has developed a special procedure regarding franchise tax property measure (Schedule G) refunds.
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August 19, 2024
The Internal Revenue Service today issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees.
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