Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service has opened examinations stemming from discrepancies tied to about $100 billion in pandemic-era small-business loans, expanding federal scrutiny of suspected Paycheck Protection Program …
IRS Opens Reviews Tied to $100 Billion in COVID Loans Read More
WASHINGTON, D.C. — The Internal Revenue Service launched a new mobile app replacing IRS2Go and extending selected Individual Online Account services to smartphones, giving taxpayers direct access to payments, tax …
IRS Replaces IRS2Go With App Offering Account Access Read More
WASHINGTON, D.C. — The Internal Revenue Service extended tax relief for farmers and ranchers in drought-affected areas across 49 states and other jurisdictions, allowing eligible producers more time to replace …
IRS Extends Drought Tax Relief for Livestock Sales Read More
WASHINGTON, D.C. — The Internal Revenue Service is steering taxpayers with U.S. bank accounts toward its Direct Pay system as a fee-free way to make federal tax payments online without …
IRS Pushes Direct Pay as Free Option for Federal Tax Bills Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules Sept. 3 that could force as many as 18,000 tax-exempt private schools to eliminate race-based admissions, scholarships and …
Treasury Targets Race-Based Aid at 18,000 Private Schools Read More
PHILADELPHIA, PA — An Indiana tax preparer was convicted Friday of conspiring for more than eight years to defraud the IRS by using false business losses, education credits and deductions …
Tax Preparer Convicted in Years-Long IRS Fraud Scheme Read More
WASHINGTON, D.C. — The Internal Revenue Service is urging taxpayers with extensions on their 2025 federal income tax returns to file before the Oct. 15 deadline, giving those who owe …
IRS Urges Early Filing as Oct. 15 Tax Deadline Nears Read More WASHINGTON, D.C. — The Internal Revenue Service will shut down its decades-old FIRE electronic filing system in November, requiring businesses and other information-return filers to move to the agency’s newer …
IRS to Retire FIRE System, Forcing Filers Onto IRIS Read More WASHINGTON, D.C. — The Internal Revenue Service on Friday maintained its 7% annual interest rate on individual tax underpayments and overpayments for the fourth quarter of 2026, preserving borrowing costs …
IRS Keeps Tax Underpayment Rate at 7% Through Year-End Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week proposed limiting investments in federally backed Trump Accounts for children to low-cost funds tracking predominantly U.S. stocks, establishing …
IRS Caps Trump Account Investment Fees at 0.1% Read More