Chester County News and Community Website
WASHINGTON, D.C. — In the wake of Hurricane Helene, the Internal Revenue Service (IRS) has declared extensive tax relief measures for individuals and businesses across the affected regions. This relief extends …
IRS Announces Comprehensive Tax Relief for Hurricane Helene Victims Read More
WASHINGTON, D.C. — In response to the recent terrorist attacks in Israel, the Internal Revenue Service (IRS) has announced an extension of tax relief for affected individuals and businesses. This move …
IRS Extends Tax Relief Deadlines for Victims of Israel Attacks Read More
WASHINGTON, D.C. — As the tax filing season approaches, the Internal Revenue Service (IRS) is actively recruiting volunteers for its Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly …
IRS Seeks Volunteers for Vital Tax Assistance Programs Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled proposed regulations to provide clarity on the Corporate Alternative Minimum Tax (CAMT), introduced by the Inflation Reduction Act. The CAMT …
IRS Unveils New Rules for Corporate Tax: What Businesses Need to Know! Read More
WASHINGTON, D.C. — As summer comes to a close, the Internal Revenue Service (IRS) is urging taxpayers to reassess their tax withholding and payment strategies. This proactive step aims to …
Don’t Get Caught Off Guard: IRS Warns Taxpayers to Act Now or Face Big Surprises! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a major milestone, having collected over $1 billion in past-due taxes from high-income taxpayers. This achievement stems from intensified enforcement …
IRS Surpasses $1 Billion Mark in Collections from Wealthy Tax Evaders Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a time-limited settlement offer for taxpayers involved in Syndicated Conservation Easements (SCE) and similar transactions that are currently under audit. …
IRS Offers Time-Limited Settlement to Taxpayers in Syndicated Conservation Easement Cases Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has introduced new guidelines under Notice 2024-55, providing crucial exceptions to the additional tax on early retirement plan distributions. These rules, effective …
IRS Issues New Rules for Early Retirement Plan Withdrawals in Emergencies and Domestic Abuse Cases Read More WASHINGTON, D.C. — Taxpayers who, for any reason, missed the April deadline to file their 2023 federal income tax return should not fret. The Internal Revenue Service (IRS) has brought …
Missed the Tax Deadline? The IRS Has Options to Help Read More
Learn about short-term vs. long-term capital gains taxes in the realm of investments. Differentiation and taxation insights can guide decisions and optimize financial strategies.
Stop Paying Taxes in Your Brokerage Account Read More