Tennessee extends intangible expense compromise program

The Tennessee Department of Revenue will continue until September 30, 2013, its settlement program with taxpayers regarding the state’s disallowance of intangible expense deductions for tax years ending on or before June 30, 2012. The program applies to taxpayers that have been assessed or that are concerned about a potential assessment. Affected taxpayers should consider the merits of a proposed settlement before reaching out to the Department. [Tennessee Department of Revenue, Notice 13-06, June 2013]

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