Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service has released a new calculation tool for businesses and tax professionals handling long-term construction and manufacturing contracts, a move that could simplify compliance …
IRS Releases Calculator Aimed at Reducing Contract Tax Errors Read More
WASHINGTON, D.C. — The Internal Revenue Service has added online enrollment and tracking capabilities for Trump Accounts, a new tax-advantaged savings vehicle created under the One, Big, Beautiful Bill, potentially …
IRS Adds Online Enrollment Tools for Trump Accounts Read More
CLEVELAND, OH — More than 1.2 million Ohio taxpayers have already claimed a new federal overtime tax deduction worth roughly $3.4 billion, according to federal officials promoting a broader package …
Ohio Workers Claim Billions Under New Tax Breaks Read More WASHINGTON, D.C. — Thousands of taxpayers involved in disputed conservation and historic preservation tax deductions could receive another opportunity to settle with the Internal Revenue Service under a new limited-time …
IRS Opens New Settlement Window in Easement Tax Cases Read More
WASHINGTON, D.C. — The Internal Revenue Service updated its Conservation Easement site to expand information on abusive conservation easement transactions, recent court rulings and warning signs tied to promoter-driven tax …
IRS Updates Conservation Easement Guidance, Warns Investors Read More
WASHINGTON, D.C. — The Internal Revenue Service is accepting applications through May 31 for its Tax Counseling for the Elderly and Volunteer Income Tax Assistance grant programs, which fund organizations …
IRS Opens Applications for VITA, TCE Grant Programs Read More WASHINGTON, D.C. — Businesses that paid federal fuel taxes on diesel or kerosene may now be able to recover those costs under new federal rules, as Treasury and the IRS …
New Fuel Tax Refund Rules Open Door for Businesses Read More WASHINGTON, D.C. — Taxpayers whose Employee Retention Credit claims have been denied can now request additional time to challenge those decisions, as the Internal Revenue Service rolls out a new …
IRS Offers More Time to Challenge Denied Tax Credits Read More
WASHINGTON, D.C. — Some medical marijuana businesses could soon gain access to federal tax deductions after a planned policy shift tied to the reclassification of certain cannabis products, federal officials …
Marijuana Tax Shift Could Cut Costs for Some Businesses Read More WASHINGTON, D.C. — Taxpayers could see clearer IRS notices, faster response times, and expanded online tools under a new set of recommendations released in the Taxpayer Advocacy Panel’s 2025 Annual …
IRS Advisory Panel Pushes Changes to Cut Delays, Confusion Read More