Chester County News and Community Website
The Internal Revenue Service (IRS) has recently announced that interest rates will remain the same for the calendar quarter beginning January 1, 2024.
IRS Announces Unchanged Interest Rates for Q1 2024 Read More
The Internal Revenue Service (IRS) has recently updated its frequently asked questions (FAQs) on Fact Sheet 2023-26. The update pertains to question 9 and clarifies the tax implications for wrongfully …
IRS Updates FAQ on Wrongful Incarceration Exclusion; Back Pay for Wrongfully Incarcerated Service Members Not Exempt from Gross Income Read More
If you have grandchildren, you probably enjoy spending time with them and watching them grow. And to help them achieve a bright future, you might like to make some financial …
Consider Financial Gifts For Grandchildren Read More
The Department of the Treasury and the Internal Revenue Service recently issued guidance for manufacturers, producers and importers of certain drugs regarding the tax imposed by section 5000D of the …
IRS Provides Guidance on Drug Tax for Manufacturers: What You Need to Know Read More
A new school year will soon begin. And if you have young children, that means it’s one year closer to the day when they head off to college or some …
Navigating Volatility: Ensuring Your Child’s Education with a 529 Plan Read More
The Internal Revenue Service is reminding taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax …
Taxpayers Must Report All Digital Asset-Related Income: IRS Read More
The Internal Revenue Service is reminding low- and moderate-income workers that they can save for retirement now and possibly earn a special tax credit in 2022 and years ahead.
Do You Qualify for the Saver’s Credit? Find Out Here Read More
As businesses continue to deal with the pandemic and look for ways to assist their employees, Section 139 payments are a great way to benefit both the employee and the …
Is Your Business Taking Advantage of Section 139 Disaster Relief Payments? Read More