Chester County News and Community Website
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
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules restricting refundable portions of four federal tax credits to U.S. citizens, nationals and qualifying immigrants, a change that …
Treasury Proposes Immigration Limits on Four Tax Credits Read More WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week proposed a standardized process for moving retirement savings between employer plans and individual retirement accounts, seeking to reduce …
IRS Pushes Standard Forms to Streamline Retirement Rollovers Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules allowing employers to contribute as much as $2,500 annually on a tax-free basis to Trump Accounts for workers …
IRS Sets Rules for Employer Trump Account Contributions Read More
WASHINGTON — The Treasury Department and Internal Revenue Service are preparing regulations for the federal Saver’s Match, which will begin rewarding eligible retirement contributions made in 2027 with government deposits …
Treasury, IRS Sets 2027 Rules for Federal Retirement Match Read More
WASHINGTON, D.C. — The Internal Revenue Service has expanded its Business Tax Account platform with additional digital notices, payment options and account-management tools, widening the agency’s push to move more …
IRS Expands Online Tax Tools for Businesses Read More