Articles Posted in Tennessee Department of Revenue

Taxpayers around Tennessee are receiving notices from the Department of Revenue suggesting that they may no longer have an obligation to pay the Tennessee Business Tax. Here’s the facts of the matter: The Tennessee Works Tax Act significantly alters the business tax filing requirements for small businesses in Tennessee. Key points from this notice that…

As a business owner in Tennessee, it’s important to stay up to date with any changes in state law that could potentially impact your business. One such change is the expansion of the repossession sales and use tax credit, which takes effect on July 1, 2023. This credit is designed to help dealers who sell…

NASHVILLE, Tennessee – The Tennessee Department of Revenue has announced that they will be raising both the prevailing and the installment payment agreement interest rates effective July 1, 2023. The rates will be shooting up to 12.25% as the prevailing interest rate charged to Tennessee tax payers who either owe past due balances to the…