News

UT Law Students Offer Free Tax Preparation Help

Students at the University of Tennessee College of Law will offer free tax preparation help through the IRS Volunteer Income Tax Assistance program. The VITA program, which runs through April 14, offers free tax help and electronic filing to persons with disabilities, limited English-speaking taxpayers and more. Assistance is available from 5-7 p.m. on Tuesdays and Thursday in Suite 157 of the College of Law. Call 865-974-2492 for more information.

read more »

Due Dates for Tennessee Franchise and Excise Tax Returns, Business Tax Returns and Hall Income Tax Returns Announced

Due dates for certain Tennessee franchise and excise tax returns, business tax returns and Hall income tax returns have changed to Monday, April 18, instead of Friday, April 15, to be consistent with the Internal Revenue Service federal income tax filing deadline for most of the country. For more information, please read important notice #16-02, which just posted to the Department of Revenue’s website.

read more »

New Important Notice On 1099K Filing Requirement

The Tennessee General Assembly recently enacted legislation which requires payment settlement entities, third party settlement organizations, electronic payment facilitators and third parties acting on behalf of payment settlement entities to file duplicate federal 1099-K information returns with the Department of Revenue. You may read more about this requirement by reading notice #16-01 here.
 
More information about the 1099-K filing requirement, as well as a link to the 1099-K filing portal, may be found on the Department’s website.

read more »

Department of Revenue Issues Letter Ruling #15-08 on the Tennessee Sales and Use Tax

The Department of Revenue has issued Letter Ruling #15-08, which provides guidance on the application of the Tennessee sales and use tax to remotely accessed software. You may view the ruling here.

read more »

Rutherford County May Increase Tax to Cover Judges' Salaries

The Daily News Journal reports the Rutherford County Commission may raise the litigation tax by $3.65 to cover the salary and benefits of General Sessions Court judges. "It's a user fee," Lisa Nolen, county finance director, said of the proposed increase. General Sessions Court judges received an annual salary of $158,636 in the previous fiscal year that ended June 30. This fiscal year's salary for General Sessions Court judges Ben Hall McFarlin, Barry Tidwell and Toby Gilley is $161,175. State law set the salary and required a 1.6 percent increase due to inflation.

read more »

State Recovers More than $1M in Misused Taxpayer Dollars

The Tennessee Comptroller of the Treasury announced today that the department uncovered more than $1.1 million in confirmed thefts, questionable costs and shortages in public funds statewide from July 2014 to June 2015, the Nashville Business Journal reports. The comptroller credits anonymous tips to its online and telephone hotline for identifying the misused taxpayer dollars.

read more »

Important Notices Added to Department of Revenue Website

The Department of Revenue has added an important notice regarding Remotely Accessed Software. You can read the notice here.
 
The Department of Revenue has updated information regarding Remotely Accessed Software Direct Pay Permit. You can read the notice here.
 
In addition, they have added a new form related to the Remotely Accessed Software Direct Pay Permit.  You may view the form here.

read more »

Updated Retail Accountability Program Information

The Department of Revenue’s Retail Accountability page has been updated. You may read the information here.

read more »

Tennessee 16th in Business Tax Code Ratings

Tennessee has the country's 16th best tax code for business, according to the 2016 State Business Tax Climate Index released today by Tax Foundation. "Increasingly, elected officials and economic development offices are using their states' index scores to promote business relocation because they recognize that a good score on the index is a valuable proxy for the state's overall competitiveness,” Jared Walczak, Tax Foundation policy analyst, said. Read more from Nooga.

read more »

New Case Added to Supreme Court Fantasy Challenge

A new case has been added to the Tennessee Supreme Court Fantasy Challenge. Learn about legal issues involving the purchase of property at a tax sale in the Mortgage Electronic Registration Systems Inc v. Carlton J. Ditto, et al case before the Supreme Court. 

read more »

AG: Electric Co-op Tax Break Unconstitutional

An attempt by the Tennessee Electric Cooperative Association (TECA) to take advantage of a little known state tax break for electric cooperatives has been shut down by Attorney General Hebert Slatery, the Knoxville News Sentinel reports. In an opinion issued on Oct. 21, Slatery said that the tax break violates the state constitution because rural electric cooperatives are not included in any of the authorized categories for exemptions. “This attorney general’s opinion comes completely out of the blue. We’re still discussing our next steps," TECA executive director David Callis said.

read more »

Group Challenges Health Care Overhaul Origination

An appeal filed today by the Pacific Legal Foundation will present yet another challenge to President Barack Obama’s health care overhaul, the Associated Press reports. The appeal, filed in the U.S. Supreme Court on behalf of a small-business owner, says that the law violates the provision of the Constitution that requires tax-raising bills to originate in the House of Representatives. The foundation said the health care overhaul is expected to generate roughly $500 billion in new taxes by 2019.

read more »

Cooper to Lead New Nonprofit Practice Group

Former Tennessee Attorney General Bob Copper will lead Bass, Berry & Sims' new practice group focused on nonprofits, Memphis Daily News reports. “We want clients to know that we can be a one-stop shop for all the unique issues nonprofits face, whether they’re in tax, litigation, regulation – whatever it is,” Cooper said. The practice group, which will primarily focus on health care within nonprofits, will also counsel organizations on corporate governance, employment, compensation and business transactions.

read more »

Revenue Department Redesigns, Updates Website

The Tennessee Department of Revenue launched a redesigned website this week featuring a more streamlined and modern look. The tax section of the site also has been updated to include tax rulings, notices, compliance information and statistics.

read more »

Armstrong Pleads Not Guilty to Federal Charges

State Rep. Joe Armstrong pleaded not guilty today in U.S. District Court to charges of conspiracy to defraud the U.S. government, attempt to evade federal income taxes, fraud and false statements, Knoxnews reports. U.S. Magistrate Judge Clifford Shirley set an Aug. 25 trial date during the initial appearance on a three-count indictment that was returned by a federal grand jury Wednesday in Knoxville.

read more »

Court to Hear 6 Cases This Week

The Tennessee Supreme Court has six cases set for oral argument this week. Among the issues involved are termination of a mother’s parental rights by default judgment, whether the Tennessee Department of Revenue can impose a variance on the formula used to compute taxes, whether the city of Nashville can sue the Board of Zoning Appeals over a decision to convert static billboards to digital billboards, whether retaliatory taxes violate the state constitution and whether state law eliminates the distinction between medical and ordinary negligence claims when a health care provider is sued. The sixth case is an appeal of a Board of Professional Responsibility recommendation for discipline against a Memphis lawyer.

read more »

Legislative Session Wraps Up

State lawmakers finished their work for the 2015 legislative session just before 10 p.m. last night, the Tennessean reports. Among the bills passed yesterday, lawmakers approved an additional exemption to the Hall tax on investment income, new rules for ride-sharing services like Uber and Lyft, and the use of cannabis oil to treat seizures. Among the bills that failed to advance were measures allowing undocumented immigrants’ children who grew up in Tennessee to pay in-state tuition at public colleges and universities (which lost by one vote), allowing residents of parts of cities to de-annex territory, and banning alcohol sales to people with three or more drunken driving convictions. See a break down of more legislative winners and losers from the Associated Press.

read more »

House Leaders Use Tax Day to Pass Bills Reigning in IRS

House leaders used Wednesday's tax filing deadline to vote on a package of bills designed to protect taxpayers from potential abuse by the IRS, the Times Free Press reports. One bill would prevent IRS employees from using personal email accounts for official business. One would enact a taxpayers' bill of rights, and another would require the tax agency to fire employees caught targeting individuals or groups based on their politics. Two other bills would require federal workers and contractors to be current in their federal taxes.

read more »

Reminder: State Business Taxes Due April 15

In Tennessee, April 15 is the due date for business, franchise and excise taxes for companies that report on a calendar year basis. In addition, taxpayers subject to the Hall income tax must file and pay that tax by next Wednesday. More information is available on the Department of Revenue’s website. The department also has extended call center hours through April 16. Taxpayers may call (615) 253-0600 or (800) 342-1003 for assistance from 7 a.m. to 5:30 p.m. Central.

read more »

Revenue Department Enhances Tax Website

The Department of Revenue has enhanced its Hall Income Tax website. The new portal has been streamlined so it is easier to navigate and make a payment for returns that have already been filed. 

read more »

Attorney Sues Haslam Administration for Records

Corporate tax attorney Brett Carter is suing Republican Gov. Bill Haslam's administration for refusing to produce documents under the Tennessee Open Records Act. Carter, who is with Bradley Arant Boult Cummings, filed the lawsuit alleging a "willful violation" of open records laws in Chancery Court in Nashville on Wednesday. Carter is seeking information used by the state Department of Finance and Administration in drafting the "Revenue Modernization Act" that Haslam has proposed to lawmakers this year, the Memphis Daily News reports.

read more »

Legal Aid Offers Free Brochure on Navigating Tax Penalty Exemptions

Legal Aid Society of Middle Tennessee and the Cumberlands has published a new legal self-help brochure to guide Tennesseans through new health care tax penalty exemptions. The brochure is free and accessible through Legal Aid Society’s website. View the press release for more information.

read more »

Agency Revamps Business Registration Form

The Tennessee Department of Revenue recently revamped its business registration application with the goal of making it easier to understand and use. The new form also allows users to save their work, exit and return later to any content they previously entered. Demonstration pages that show how to use the application also have been updated. The form should be used to register a new business, notify the department of an address change or pay a range of taxes, including the franchise and excise tax, sales and use tax, television and telecommunications tax, automobile rental surcharge tax and business tax.

read more »

ABA to Fund Programs that Employ New, Underutilized Lawyers

Organizations with initiatives to employ new and underutilized lawyers in innovative ways while meeting the legal needs of poor and moderate-income individuals can apply for start-up funding from the American Bar Association. Now in the second year, the Catalyst Grants are designed for programs proposed by bar associations, courts, law schools and other groups. View the press release

read more »

UT Law Offering Free Tax Help

Students at the University of Tennessee College of Law will provide assistance with personal tax returns on Wednesdays and Thursdays from 5 to 7:30 p.m. between Feb. 18 and April 15. The effort is part of the IRS’ Volunteer Income Tax Assistance (VITA) program, which offers free tax help and electronic filing for those making $53,000 or less, persons with disabilities, the elderly and limited-English-speakers. Services will be provided in Suite 157 of the law school building at 1505 West Cumberland Ave. For more information contact Brad Morgan, (865) 974-2492.

read more »