UTK will Host Business Tax Seminar Sept. 16

KNOXVILLE - The Tennessee Department of Revenue and the University of Tennessee - Knoxville will co-sponsor the annual 2010 Tennessee Business Tax Seminar on Thursday, Sept. 16 from 8:15 a.m. to 5:15 p.m. at the UT Conference Center, located at 600 Henley Street, Suite 400, Knoxville, Tenn., 37902.

 

This seminar is designed to provide current, in-depth information on Tennessee tax issues. State tax specialists will present recent developments in legislation, review online filing options and discuss various tax types and exemptions including sales and use, gift and inheritance, individual income, franchise and excise, unemployment and tangible personal property taxes. A detailed presentation on the transition from business tax from local to state government also will be featured.

 

Individuals who attend the seminar will be provided with comprehensive materials covering these topics and will have the opportunity to ask questions. Continuing education credits may be offered by the university and each seminar has a registration fee. Please contact Barry Neal at UTK to register and confirm the cost of participating, and availability of credits by calling (865) 974-0280 or e-mailing bneal@utk.edu.

 

Seminars are also offered in Murfreesboro, Chattanooga, Cookeville, Clarksville, Martin and Johnson City. For more information, please visit http://www.TN.gov/revenue/ or call the Tennessee Department of Revenue at (615) 253-0600.

 

The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 91 percent of total state tax revenue. During the 2009-2010 fiscal year, the department collected $10.1 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of combined local sales tax, local mineral severance tax, and local business related taxes and fees was collected by the department for local governments during the 2009-2010 fiscal year. Besides collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.TN.gov/revenue.

 

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