Chester County News and Community Website
WASHINGTON, D.C — The Treasury Department and the Internal Revenue Service recently issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020.
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WASHINGTON, D.C. — Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom, announced the Internal Revenue Service. COVID-19 protective items …
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WASHINGTON, D.C. — The Internal Revenue Service this week released Notice 2021-11 addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout …
Read MoreWASHINGTON, D.C. — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA).
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WASHINGTON, D.C. — During the recent Small Business Week, the Internal Revenue Service reminded individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers …
Read MoreWASHINGTON, D.C. — The Internal Revenue Service issued final regulations regarding the provision of the Tax Cuts and Jobs Act that limits the deduction for business interest expense, including basic statutory …
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