IRS provides an update to frequently asked questions for the Premium Tax Credit
The Internal Revenue Service today updated its frequently asked questions in Fact Sheet 2024-30 for the Premium Tax Credit.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (31) For the Public (149) Tax News (532) Accounting & Auditing (247) Business & Industry News (142) Regulatory News (119) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 81–90 of 532
IRS Issues Final Regulations on Consistent-Basis and Basis-Reporting Rules
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).
View MoreTSCPA Federal Tax Liaison Meeting Summary
TSCPA’s Federal Tax Committee met with representatives from the IRS at the Federal Tax Liaison meeting on June 4, 2024.
View MoreEstate Planning Before 2026
Estate planning can be a morbid matter that may only impact a small percentage of taxpayers.
View MoreIRS issues proposed regulations for Corporate Alternative Minimum Tax
The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).
View MoreTennessee Department of Revenue Announces Special Procedure for Schedule G Refunds
The Tennessee Department of Revenue recently announced it has developed a special procedure regarding franchise tax property measure (Schedule G) refunds.
View MoreIRS issues important interim guidance on employer matching contributions made to retirement plans related to employee student loan payments
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.
View MoreIRS reopens Voluntary Disclosure Program to help businesses with problematic Employee Retention Credit claims; sending up to 30,000 letters to address more than $1 billion in errant claims
The Internal Revenue Service announced today a limited time reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims as the agency continues compliance work.
View MoreIRS Issues Updates to Individual and Business Transcripts
The IRS recently announced that as of July 26, 2024, Get Transcripts tools on IRS.gov have been removed.
View MoreIRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.
View More