by Joseph Nash | May 28, 2024 | Tax Watch
The TN Department of Revenue has recently issued guidance on new legislation that eliminates the property measure from the franchise tax calculation and allows the department to issue refunds to eligible taxpayers. Prior to this change, franchise tax was calculated on...
by Joseph Nash | Aug 18, 2022 | Manufacturing & Distribution, Real Estate & Construction, Tax Consulting, Tax Watch
On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 into law. The IRA contains numerous changes to the Internal Revenue Code (IRC) intended to boost government revenue and promote clean energy. The new tax provisions are not likely to...