Tax Law Section

This section provides continuing legal education to its members in the areas of state and federal taxation law. It also maintains a liaison with the Tennessee District of the Southeast Region of the IRS and the Tennessee Department of Revenue.

Immediate Past Chair
Stites & Harbison PLLC
401 Commerce St., Ste. 800
Nashville, TN 37219
LinkedIn: michaelgoode
(404)680-6295
Chair
Chambliss, Bahner & Stophel, P...
605 Chestnut Street Ste 1700
Chattanooga, TN 37450
(423)757-0234
Vice-Chair
Sherrard Roe Voigt & Harbison
150 3rd Ave. South, Suite 1100
Nashville, TN 37201
(615)742-4542
Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219
(615)383-7421

Tax Changes to be Aware of in 2019

The Tax Cuts and Jobs Act of 2017 has made sweeping changes to U.S. tax code, affecting estate planning, retirement contributions and insurance penalties. In addition, the IRS will be updating its tax brackets for 2019 to adjust them for inflation. This brief summary from CNBC puts these changes in a nutshell, offering a synopsis of issues relevant to your practice and allowing you to stay on top of these recent developments.

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Ohio Now Accepts Bitcoin as Tax Payment

Ohio State Treasurer Josh Mandel said this week that businesses operating in the state will be able to pay for 23 different types of taxes using bitcoin, Huffington Post reports. Businesses will need to register for the program through a website that utilizes a third-party processor, BitPay. The digital currency is converted into dollars and deposited in the state’s account. Bitcoin is the only cryptocurrency currently accepted, but Mandel is looking to add others in the future. This Forbes article analyzes the tax implications for business that choose to use this type of payment, including triggering tax gains and losses.

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