Monday, December 5, 2011

Tennessee Settlement Opportunity for Intangible Expense Deductions

The Tennessee Department of Revenue has recently issued Tennessee Important Notice 11-17 which discusses a potential settlement opportunity for taxpayers who have had intangible expense deductions disallowed or who may be concerned about future disallowances on returns not yet reviewed.  A compromise allowing seventy-five percent of the intangible expense deduction is currently being considered for all taxpayers promptly contacting the Department and will be considered for open tax years ending on or before June 30, 2012.

Read the full Dow Lohnes Price alert here.

Thursday, December 1, 2011

Full Text of Each of the Online Sales Tax Bills

Rusty Little

The following is the full text of each of the four bills that have been proposed to address sales tax collection by online sellers* (in the order that they were introduced):
*The Equity in Sales Tax Collection Act would apply to both brick & mortar and online sellers.

Note: All of these are pdf files that may take a brief time to download.