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.

1 comment:

  1. 100% right and that is the main reason ,and just because of this many people afraid or hesitate to take the opportunity or in using because when you got that ease then you are a bird who is in the golden cage.

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