Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service this past week released two major updates related to implementation of the One, Big, Beautiful Bill (OBBB), including temporary penalty relief for remittance …
IRS Issues Penalty Relief, 2026 Inflation Adjustments Following Enactment of One, Big, Beautiful Bill Read More
WASHINGTON, D.C. — The Internal Revenue Service and the U.S. Department of the Treasury unveiled a series of major updates this week, ranging from fee reductions for tax preparers and …
IRS Rolls Out Fee Cuts, New Tax Relief, and Mediation Pilot Amid Busy Week Read More
WASHINGTON, D.C. — The Internal Revenue Service announced two major updates last week, extending tax relief for farmers and ranchers impacted by drought and launching a plan to phase out …
IRS Expands Drought Relief for Farmers, Moves to End Paper Refund Checks Read More WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week rolled out major updates to retirement plan rules and tax guidance for tipped workers, finalizing regulations under the …
IRS Unveils New Rules on Roth Catch-Ups and Tipped Worker Tax Breaks Read More
WASHINGTON, D.C. — The Internal Revenue Service is warning taxpayers about a surge in fraudulent tax schemes spreading across social media, many of which encourage individuals to falsely claim credits …
IRS Warns Taxpayers of Rising Social Media Tax Credit Scams Read More
WASHINGTON, D.C. — With hurricane season nearing its peak and wildfire threats persisting across the country, the Internal Revenue Service (IRS) is urging individuals and businesses to review and update …
IRS Urges Individuals and Businesses to Update Emergency Plans Amid Heightened Disaster Risks Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) announced that federal interest rates on tax overpayments and underpayments will remain unchanged for the fourth quarter of 2025, which begins October …
IRS Announces No Change to Federal Interest Rates for Fourth Quarter 2025 Read More WASHINGTON, D.C. — The Internal Revenue Service announced that applications for the 2026 Compliance Assurance Process (CAP) program will open on September 3, 2025, and remain available through October 31, …
IRS Opens 2026 Compliance Assurance Process Applications for Large Corporations Read More WASHINGTON, D.C. — The Internal Revenue Service announced that certain payroll and information reporting requirements will remain unchanged for Tax Year 2025 as it phases in provisions of the One …
IRS Confirms No Changes to Key Tax Forms or Withholding Tables for 2025 Under OBBBA Read More WASHINGTON, D.C. — The Internal Revenue Service is reminding businesses that they can continue offering tax-free student loan repayment assistance to employees through December 31, 2025.
IRS Reminds Employers of Student Loan Repayment Benefit Through 2025 Read More