November 5, 2021
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.
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November 3, 2021
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.
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November 2, 2021
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.
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October 22, 2021
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.
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October 19, 2021
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.
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October 13, 2021
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.
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September 28, 2021
The Tennessee Department of Revenue recently issued Notice #21-18 regarding the procedure for sales and use tax refund requests made by a customer.
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September 28, 2021
A U.S. district court has ruled in favor of Tennessee Attorney General Herbert H. Slatery III and Kentucky Attorney General Daniel Cameron in their lawsuit to stop the Biden Administration from enforcing a tax mandate in the American Rescue Plan Act.
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September 16, 2021
In the wake of Tropical Depression Nicholas and Hurricane Ida, bipartisan legislation has been introduced in the U.S. Senate to allow the IRS to postpone tax filing deadlines when a state-level disaster declaration is issued.
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September 7, 2021
The U.S. Treasury Department and IRS recently issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021.
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