Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) continues to work to ensure the Employee Retention Credit (ERC), a lifeline for businesses impacted by the COVID-19 pandemic, is not exploited …
Uneasy Claims: IRS Stepping Up Scrutiny on Employee Retention Credit Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) recently kickstarted the Simple Notice Initiative. This sweeping transformation aims to simplify and demystify the approximately 170 million letters that make their …
IRS Launches Simple Notice Initiative: The Revolutionary Redesign to Streamline Taxes for Millions of Americans Read More
WASHINGTON, D.C. — In an effort to maintain clarity and accuracy in the rapidly evolving field of digital currencies, the Internal Revenue Service (IRS) has issued an important call to …
IRS Urges Taxpayers to Report Cryptocurrency Earnings for the 2023 Tax Season Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Department of the Treasury have unveiled new guidelines regarding the qualified alternative fuel vehicle refueling property credit. These guidelines, issued …
IRS and Treasury Department Outline New Guidelines for Alternative Fuel Vehicle Refueling Property Credit Read More
HARRISBURG, PA — As the tax season unfolds, Pennsylvanians are being urged to exercise caution against a pernicious scam that has been wreaking havoc across the nation – Internal Revenue …
Pennsylvanians Warned to Stay Vigilant Against IRS Imposter Scams This Tax Season Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Department of the Treasury have recently issued Notice 2024-20, providing crucial guidance on the eligible census tracts for the qualified …
IRS and Treasury Department Issue New Guidance on Alternative Fuel Vehicle Refueling Property Credit Read More
WASHINGTON, D.C. — A recent announcement from the Internal Revenue Service (IRS) has revealed that a particular group of tax exempt organizations will face delays regarding the electronic filing of …
Tax Exempt Organizations Face Delays: IRS Postpones Electronic Filing Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Treasury Department recently celebrated a significant achievement in the implementation of key provisions in the Inflation Reduction Act. The two …
IRS and Treasury Department Surpass Major Milestone in Clean Energy Tax Credits Implementation Read More WASHINGTON, D.C. — In a move that could provide temporary relief to businesses dealing with digital assets, the Treasury Department and Internal Revenue Service (IRS) have announced that these entities …
Treasury Department Temporarily Eases Reporting Requirements for Digital Assets Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released preliminary guidance to assist employers in implementing the newly introduced Pension-Linked Emergency Savings Accounts (PLESAs). These accounts, authorized under the …
IRS Provides Initial Guidance on Pension-Linked Emergency Savings Accounts: A New Avenue for Employee Savings Read More