Chester County News and Community Website
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations classifying certain partnership related-party basis adjustment transactions as transactions of interest (TOIs). These …
Treasury and IRS Finalize Rules on Partnership Basis Shifting Transactions Read More
WASHINGTON, D.C. — For the first time in years, good news is coming from the IRS about taxpayer services. According to National Taxpayer Advocate Erin M. Collins’ 2024 Annual Report to …
Your Tax Dollars at Work—But Are They Enough? The Truth About IRS Progress and Unresolved Taxpayer Struggles Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) is reminding taxpayers to make their fourth quarter estimated tax payment by January 15, 2025, if they underpaid federal taxes in 2024. The …
Don’t Get Hit with Costly Penalties—Act Now to Avoid a Tax Bill Before January 15 Deadline! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued an urgent reminder for taxpayers in disaster-affected areas about extended filing deadlines for their 2023 tax returns. Depending on where …
Disaster-Area Taxpayers Get More Time to File – Here’s What You Need to Know Read More