Chester County News and Community Website
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. — The Internal Revenue Service (IRS) has announced plans to deny tens of thousands of improper Employee Retention Credit (ERC) claims following an extensive review aimed at safeguarding …
IRS to Deny Thousands of Improper Employee Retention Credit Claims Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have finalized regulations on prevailing wage and apprenticeship (PWA) requirements tied to enhanced credit or deduction …
Treasury and IRS Finalize Regulations on Clean Energy Wage Requirements Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released new guidance on the tax treatment of educational assistance programs, providing clarity for both employers and employees. These frequently asked …
IRS Clarifies Tax Rules for Employer-Provided Educational Assistance Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled a series of new initiatives aimed at curbing abusive partnership transactions that enable wealthy taxpayers to evade paying their fair …
IRS Cracks Down on Abusive Partnership Transactions with New Measures Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has launched a revamped IRS Careers website, aiming to connect job seekers with opportunities at the agency. This update is part of …
IRS Unveils Modernized Careers Website to Boost Recruitment Efforts Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has broadcast a sobering message to America’s seniors: Be wary of growing impersonation scams designed to siphon off their savings and pilfer …
IRS Alerts Seniors to Escalating Threat of Impersonation Scams 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
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recently released Revenue Procedure 2024-26, detailing new procedures for manufacturers and dealers of clean vehicles. This …
IRS Issues New Guidance for Clean Vehicle Tax Credits Read More WASHINGTON, D.C. — The Department of the Treasury and Internal Revenue Service (IRS) recently released Notice 2024-48, providing crucial information for taxpayers seeking to qualify for the Energy Community Bonus …
IRS Issues Guidance on Energy Community Bonus Credit Eligibility Read More