Tennessee Department of Revenue Lowers Aviation Fuel Tax Cap
The Tennessee Department of Revenue has recently issued Important Notice #23-13 regarding the aviation fuel tax cap in Tennessee.
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All Featured (39) For the Public (148) Tax News (423) Accounting & Auditing (207) Business & Industry News (125) Regulatory News (112) Legislative News (48) Chapter News (17) Young CPAs (60) Students (90) TSCPA Press Releases (47)Showing : 71–80 of 423
IRS Reduces Backlog, Plans To Resume Collection Notices
The IRS recently posted an update stating it has processed all paper and electronic individual returns received prior to January 2023 and is now opening mail within normal time frames.
View MoreTennessee Department of Revenue Issues Notice on Taxability of Hemp-derived Cannabinoids
The Tennessee Department of Revenue has recently issued Important Notice #23-12 regarding the taxability of hemp-derived cannabinoids.
View MoreHSA Amounts Increase for 2024
The IRS recently released Rev. Proc. 2023-23, issued pursuant to Sec. 223(g), announcing that the maximum contribution to a health savings account and certain associated amounts will be higher in 2024.
View MoreIRS Submits Report to Congress on Direct File Option
The IRS recently submitted a report to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing season following a directive from the Treasury Department.
View MoreTennessee Department of Revenue Issues Notices on Tennessee Works Tax Act Changes
The Tennessee Department of Revenue has recently issued Important Notices #23-04 through #23-11 regarding changes made by the Tennessee Works Tax Act (SB275/HB323), which was passed in April by the Tennessee General Assembly.
View MoreIRS and Treasury Issue Proposed Regulations on Rules for Repatriation of Intangible Property
The IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-124064-19 regarding rules for certain repatriations of intangible property.
View MoreIRS Returns to In-person Public Hearings for Proposed Regulations
The IRS and the U.S. Treasury Department recently issued Announcement 2023-16, stating that the IRS will return to in-person public hearings for proposed regulations with a telephone option available.
View MoreTennessee General Assembly Passes Tennessee Works Tax Act
The Tennessee General Assembly recently passed the Tennessee Works Tax Act (SB275/HB323), approving more than $400 million in tax cuts and marking one of the largest tax cuts in state history.
View MoreFAQs Issued About Upcoming Changes to COVID-19 Relief
The IRS and the U.S. Departments of Labor and Health and Human Services have jointly issued frequently asked questions regarding how COVID-19-related relief measures will change when the officially declared Public Health Emergency ends.
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