Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service announced two major updates last week, extending tax relief for farmers and ranchers impacted by drought and launching a plan to phase out …
IRS Expands Drought Relief for Farmers, Moves to End Paper Refund Checks Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week rolled out major updates to retirement plan rules and tax guidance for tipped workers, finalizing regulations under the …
IRS Unveils New Rules on Roth Catch-Ups and Tipped Worker Tax Breaks Read More
WASHINGTON, D.C. — The Internal Revenue Service is warning taxpayers about a surge in fraudulent tax schemes spreading across social media, many of which encourage individuals to falsely claim credits …
IRS Warns Taxpayers of Rising Social Media Tax Credit Scams Read More
WASHINGTON, D.C. — With hurricane season nearing its peak and wildfire threats persisting across the country, the Internal Revenue Service (IRS) is urging individuals and businesses to review and update …
IRS Urges Individuals and Businesses to Update Emergency Plans Amid Heightened Disaster Risks Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) announced that federal interest rates on tax overpayments and underpayments will remain unchanged for the fourth quarter of 2025, which begins October …
IRS Announces No Change to Federal Interest Rates for Fourth Quarter 2025 Read More WASHINGTON, D.C. — The Internal Revenue Service announced that applications for the 2026 Compliance Assurance Process (CAP) program will open on September 3, 2025, and remain available through October 31, …
IRS Opens 2026 Compliance Assurance Process Applications for Large Corporations Read More WASHINGTON, D.C. — The Internal Revenue Service announced that certain payroll and information reporting requirements will remain unchanged for Tax Year 2025 as it phases in provisions of the One …
IRS Confirms No Changes to Key Tax Forms or Withholding Tables for 2025 Under OBBBA Read More
WASHINGTON, D.C. — The Internal Revenue Service is reminding businesses that they can continue offering tax-free student loan repayment assistance to employees through December 31, 2025.
IRS Reminds Employers of Student Loan Repayment Benefit Through 2025 Read More
WASHINGTON, D.C. — In a continued effort to protect taxpayer information and combat the growing threat of identity theft, the Internal Revenue Service (IRS) and its Security Summit partners have …
IRS Urges Tax Professionals to Strengthen Data Security with Mandatory Written Plans Read More WASHINGTON, D.C. — The Internal Revenue Service has announced a set of procedural reforms aimed at improving the efficiency and transparency of audits involving large corporate taxpayers. Issued through an …
IRS Targets Faster, More Collaborative Audits for Large Corporations Under New Guidance Read More