Chester County News and Community Website
The Internal Revenue Service (IRS) has recently announced that interest rates will remain the same for the calendar quarter beginning January 1, 2024.
IRS Announces Unchanged Interest Rates for Q1 2024 Read More
The Internal Revenue Service (IRS) is reminding eligible individuals who have not yet claimed their Recovery Rebate Credit to file a tax return before it’s too late. The deadlines to …
IRS Urges Eligible Taxpayers to Claim Recovery Rebate Credit Before Deadlines Read More
The Department of the Treasury and the Internal Revenue Service (IRS) have recently released proposed regulations aiming to provide guidance under a new section of law. This new section disallows …
Treasury and IRS Issue Proposed Regulations on Charitable Conservation Contributions by Pass-Through Entities Read More
The Internal Revenue Service (IRS) has recently issued a reminder to Individual Retirement Arrangement (IRA) owners aged 70½ and over. These individuals are allowed to transfer up to $100,000 annually …
IRS Reminder: IRA Owners Over 70½ Can Transfer up to $100,000 to Charity Tax-Free Read More
As the nation’s tax season approaches, the Internal Revenue Service (IRS) has issued a series of reminders to help taxpayers prepare for filing their 2023 federal tax returns. These ‘Get …
IRS Issues ‘Get Ready’ Reminders for 2023 Tax Filing Season Read More
The Internal Revenue Service (IRS) is calling on sellers and dealers of clean vehicles to register their businesses on the Energy Credits Online tool as soon as possible. With a …
IRS Urges Clean Vehicle Sellers to Register for Energy Credits Online Ahead of December Deadline Read More
The Internal Revenue Service (IRS) recently announced that the amount individuals can contribute to their 401(k) plans in 2024 will increase to $23,000, up from the 2023 limit of $22,500. …
IRS Announces Increased 401(k) Contribution Limits for 2024 Read More
The Internal Revenue Service (IRS) recently announced a new initiative aimed at encouraging the sale of clean vehicles. The agency has launched the IRS Energy Credits Online tool (IRS ECO), …
IRS Launches New Online Tool for Clean Vehicle Sellers to Claim Energy Credits Read More
Five U.S. Senators, Bob Casey (D-PA), John Fetterman (D-PA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), and Tina Smith (D-MN) penned a letter to U.S. Department of the Treasury Secretary Janet …
U.S. Senators Call for Amendment in Renewable Energy Tax Credit Guidance Read More
Are you worried about an IRS audit? It can be a highly stressful and time-consuming process, not to mention the potential financial exposure. This article explores some of the primary …
Discover the Red Flags That Could Trigger a Tax Audit Read More