Tennessee Sales Tax Holiday To Be July 25-27
Tennessee's traditional sales tax holiday on clothing, school supplies and computers begins at 12:01 a.m. on Friday, July 25, 2025, and ends at 11:59 p.m. on Sunday, July 27, 2025.
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Tennessee Department of Revenue Updates Tax Manuals
The Tennessee Department of Revenue has made updates to tax manuals.
View MoreImportant Notice #25-12: Enactment of Business Tax – City of Burns
The City of Burns voted to enact a municipal-level business tax. The effective date of the tax is August 1, 2025.
View MoreIRS provides additional transition relief for brokers who are required to file information returns and backup withhold on certain digital asset sales
The U.S. Department of the Treasury and the Internal Revenue Service today issued Notice 2025-33 extending and modifying the transition relief provided in Notice 2024-56 for brokers who are required to file Form 1099-DA, Digital Asset Proceeds From Broker Transactions to report certain digital asset sale and exchange transactions by customers.
View MoreIRS Updates List of Automatic Accounting Method Changes
The IRS recently issued Rev. Proc. 2025-23, providing an updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply.
View MoreTennessee Department of Revenue 2025 Legislative Summaries
The Tennessee Department of Revenue has posted 2025 legislative summaries.
View MoreImportant Notice #25-11: Taxability of Hemp-Derived Cannabinoid Products
Effective January 1, 2026, Public Chapter 526 (2025) amends the current law governing the taxation and regulation of sales of hemp-derived cannabinoid products.
View MoreIRS Provides Interim Simplified Method for Corporate Alternative Minimum Tax
The IRS recently issued Notice 2025-27, providing interim guidance on the application of the Sec. 55 corporate alternative minimum tax (CAMT), which was enacted by the Inflation Reduction Act of 2022.
View MoreTennessee Launches Modernized Unemployment Tax System
The Tennessee Department of Labor & Workforce Development recently announced that it has fully modernized the state’s unemployment system with the implementation of Unemployment Tax functionality on http://www.jobs4TN.gov.
View MoreImportant Notice #25-10: Wine Sold on Winery Premises Exempt from Liquor-by-the-Drink Tax
Effective July 1, 2025, Public Chapter 477 (2025) exempts from liquor-by-the-drink tax the sale of wine for consumption on the premises of a winery, farm wine producer, or satellite facility of a winery or farm wine producer.
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