IRS Opens Tax Season

Friday, January 31, 2014
The Internal Revenue Service on Friday opened the 2014 tax filing season by highlighting a growing number of online services at IRS.gov and encouraging Tennesseans to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit.
 
"As Tennesseans start filing their returns now, we hope those who worked any part of last year won't forget to see if they qualify for the Earned Income Tax Credit," said IRS spokesman Dan Boone.
 
Workers who earned less than $52,000 last year may qualify for EITC, worth up to $6,044.
They can use the EITC Assistant at IRS.gov or their tax software to check eligibility. One-third of the population eligible for EITC changes each year as their personal circumstances change.
 
Last year about 648,000 Tennessee workers claimed $1.6 billion in EITC. Average payments were over $2,400 per tax return.
 
About three out of four filers get refunds, and the IRS issues more than nine in ten of these refunds in less than 21 days. Filers can check the status of their refund using the "Where's My Refund?" tool at IRS.gov or using the free IRS2Go app on a mobile device.
 
Mr. Boone reminded Tennessee filers that e-file, when combined with direct deposit, is the fastest, safest way to get a refund. About 2 million Tennessee filers qualify, based on income, to e-file using the free brand-name tax software atwww.IRS.gov/freefile. All filers qualify to use the free Fillable Forms option there.

Burlington Opens New Location In Hixson At Northgate Mall

Burlington, a leading national off-price retailer, is opening a brand new location in Hixson at the Northgate Mall located at 345 Northgate Mall on Friday at 9:30 a.m. The retailer will host a ribbon cutting ceremony to celebrate jobs, community, and of course, shopping.  Along with the ceremony, Burlington will host its premier philanthropic program, Burlington Gives ... (click for more)

Supreme Court Determines Inmates Are Not Required To Sue Private Prison Operators In County Where Correctional Facility Located

In a unanimous opinion, the Tennessee Supreme Court has determined that a statute requiring lawsuits by inmates to be brought in the county where they were incarcerated does not apply to inmates housed in a privately operated correctional facility. Sandy Eugene Womack is serving sentences for armed robbery and robbery at the Hardeman County Correctional Facility in Whiteville, ... (click for more)

Erlanger Finishes Fiscal Year With $18 Million Profit

After a major loss the year before, Erlanger Health System finished the fiscal year with an $18 million profit, officials announced Monday night. It was well ahead of the $2 million gain that Erlanger had budgeted for, and far better than last year's $8 million loss. The profit was boosted by a first-time $19,587,000 from a Public Hospital Supplemental payment and essential ... (click for more)

Chancellor Rules That IDB Must Reimburse Attorney Fees, Other Legal Costs For Helen Burns Sharp On TIF Lawsuit

Chancellor Pam Fleenor has ruled that Helen Burns Sharp, who sued over the validity of a $9 million Tax Increment Financing (TIF) for a planned major development on Aetna Mountain, should be reimbursed her discretionary costs as well as her attorney fees. Ms. Sharp said in a recent court filing that her legal bills to attorney John Konvalinka were $74,427 at the time. The ... (click for more)

ChattaData Is A Real Advance For The City

This past Tuesday, the city of Chattanooga's new performance management tool called ChattaData was unveiled. As the chairman of the City Council’s Budget & Finance Committee, I am excited to witness the city putting this important information online in a way that is accessible and transparent to all taxpayers. This approach shines light on how we as a city prioritize our ... (click for more)

Roy Exum: It’s ‘Hate The SEC’ Day

The boo birds came out on the fly on the ESPN website Sunday afternoon, this moments after the latest AP College Football “Top 25” included eight teams from the Southeastern Conference.   What set naysayers aglow was Mississippi State, after upsetting LSU 34-29 Saturday night, debuted on the list at No. 14 while Clemson, playing Florida State in an overtime thriller, got tossed ... (click for more)