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Businesses Beware of Misleading Solicitations

Posted December 1, 2014 by ebd-client & filed under News

The Secretary of State wants businesses to beware of misleading solicitations. Secretary of State Tre Hargett is warning Tennessee corporations about a potentially misleading solicitation sent from an organization called the “Tennessee Council for Corporations.” The council, which is not affiliated in any way with the Secretary of State’s office, states in its solicitation that […]



Posted November 26, 2013 by ebd-client & filed under News

The IRS announced inflation adjustments for 2014.  These inflation adjustments are for more than 40 tax provisions.  Some of the provisions include the following: The standard deduction rises to $6,200 for singles and married persons filing separate, $12,400 for married filing jointly and $9,100 for heads of households, for tax year 2013. Tax rate of […]


Small Business Health Care Tax Credit

Posted November 14, 2013 by ebd-client & filed under News

Will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit is 35 percent of premiums paid for small business employers and 25 percent of premiums paid for small tax-exempt employers such as charities. For tax years beginning in 2014 or later, there will be changes to the credit: […]


Federal Tax Regulations, Regulation, §1.263(a)-1T, Internal Revenue Service, Capital Expenditures; in general (Temporary)

Posted November 6, 2013 by ebd-client & filed under News

Temporary Reg. §1.263(a)-1T, below was removed by T.D. 9636, but a taxpayer may choose to apply Temporary Reg. §1.263(a)-1T to tax years beginning on or after January 1, 2012, and before January 1, 2014. (a) General rule for capital expenditures. – Except as provided in chapter 1 of the Internal Revenue Code, no deduction is […]


IRS Warns of Pervasive Telephone Scam

Posted by ebd-client & filed under News

The Internal Revenue Service is warning consumers about a sophisticated phone scam targeting taxpayers, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a […]