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According to a recently released report by the Treasury Inspector General for Tax Administration, the IRS destroyed an estimated 30 million paper-filed information returns in March 2021 due to its inability to process its paper backlog.
View MoreThe Tennessee Department of Revenue recently issued Important Notice #22-03 regarding Tennessee’s decoupling from the federal research and development expenditure provision.
View MoreThe Tennessee Department of Revenue recently issued Important Notice #22-04 regarding the availability of business tax wholesaler/retailer certificates to taxpayers.
View MoreThe TSCPA Nominating Committee has selected nominees for the 2022-23 Society officers, at-large Board members and Nominating Committee members to serve with incoming Chair Geoffrey Stewart.
View MoreThe AICPA recently issued new Technical Questions and Answers related to auditor reporting on supplemental information included in company annual reports.
View MoreThe Governmental Accounting Standards Board recently issued guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.
View MoreMeet TSCPA Student Ambassador Katie Ford.
View MoreThe Federal Reserve recently raised its benchmark interest rate by half a percentage point in response to a 40-year high in inflation.
View MoreThe Office of the Chief Auditor of the Public Company Accounting Oversight Board recently published updated standard-setting and research agendas as part of the Board’s objective of advancing audit quality to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.
View MoreThe IRS recently announced in an email to tax professionals that it plans to migrate online services to the third-party provider ID.me this summer.
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