Owners of Real Estate
Mass Reappraisal is Underway in 26 Counties in Tennessee
2013 is an Important Year for Obtaining Savings on your
Real Property Tax Liability for the Next Four+ Years
In 2013 the following counties in Tennessee are undergoing a mass reappraisal by the local Tax Assessor’s offices which will determine your real estate tax assessment for the next four to six years, depending on the county: read more »
February 13, 2013
Nashville, Tenn. - Tennessee businesses often have customers who wish to make purchases free from sales tax, either because they intend to resell the items they are purchasing or because they are making purchases for non-profit organizations or for agricultural purposes. These businesses now have a new tool to help determine the validity of exemption certificates presented to them by their customers. read more »
The State of Tennessee's Annual Sales Tax Holiday is held every year on the first Friday in August and ends the following Sunday night. This year's tax-free holiday weekend begins at 12:01 a.m. on Friday, August 3 and ends Sunday, August 5 at 11:59 p.m. read more »
(repost from modernhealthcare.com)
The U.S. Supreme Court ruled that the Patient Protection and Affordable Care Act is constitutional, handing President Barack Obama a major election-year victory and shunning 26 states that had sought to overturn the reform law. read more »
Benefit Plan Fee Disclosure Deadline Next Week
June 27, 2012 - July 1, 2012, is the deadline to provide written fee disclosures by covered service providers related to benefit plans. Often changes can be confusing and we have already had conversations with many clients regarding this change and the added workload for plan sponsors. We think the article below does a good job explaining the requirements so we wanted to pass it along to you for further explanation. read more »
May 3, 2012
Tuesday, the Tennessee legislature approved the repeal of the Tennessee gift tax with a retroactive effective date of January 1, 2012. Governor Haslam has indicated his intent to sign the bill into law.
This is great news!
After the bill is signed we will send out additional information including planning tips and ideas.
RE: Letters from Amazon.com
Amazon, under an agreement with the State of Tennessee, has started sending notices to customers in the state detailing their purchases for 2011. Under this agreement, they will continue to notify customers of their potential Tennessee use tax liability until January 2014, at which time Amazon will be required to collect Tennessee sales tax. read more »
The Internal Revenue Service has announced that tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns. The part of the e-file system that processes electronically filed returns of tax-exempt organizations will be off-line during January and February.