Information & Resources

Below you will find information and links related to the most frequently asked questions.  This is not all inclusive, and if you have an issue that is not addressed here, please feel free to contact us.

Retirement Contributions for 2014*
$23,000 (age 50 and over)
$6,500 (age 50 and over)
*see links for additional information

Standard Mileage Rates for 2013

Social Security Wage Base

Gift & Estate Limits
706 required for estates with combined gross assets and prior taxable gifts exceeding
Gift Tax - Annual Exclusion

Links to Federal & State Sites:

Selected tax due dates are listed below.  Please check the IRS website or with your state and local taxing authorities if you need additional information.

November 2013

  • 941 deposit (monthly depositors)**

  • TN Sales & Use Tax Return (monthly filers)

December 2013

  • 1120 4th quarter estimated payment (calendar year end corps)

  • 941 deposit (monthly depositors)**

  • TN Sales & Use Tax Return (monthly filers)

January 2014

  • 1040 4th quarter estimated payment

  • 941 deposit (monthly depositors)**

  • TN Sales & Use Tax Return (monthly filers)

  • Form 941 Employer's Quarterly Federal Tax Return
  • Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
  • Form 943 Employer's Annual Federal Tax Return for Agricultural Employees
  • Form 945 Annual Return of Withheld Federal Income Tax
  • Form W-2 - copies B,C & 2 must be provided to employees
  • Form 1099-Misc - copy B must be provided to recipient

Burden of Proof

Below are selected suggested retention periods for certain tax documents.  For IRS guidelines, please see Publication 552 for Individuals and Publication 583 for businesses.

  • Tax returns and related source documents
  • Tax correspondence
  • Payroll records (including 941s, 940s, SUTA returns & W-2s)
  • Financial statements and general ledgers
  • Organizational documents, stock certificates, and annual meeting minutes
  • Retirement/Pension records

7 years
  • Bank statements, reconciliations, and related canceled checks and deposit slips
  • Customer invoices and related accounts receivable records
  • Invoices paid and related accounts payable records