Chester County News and Community Website
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules restricting refundable portions of four federal tax credits to U.S. citizens, nationals and qualifying immigrants, a change that …
Treasury Proposes Immigration Limits on Four Tax Credits Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week proposed a standardized process for moving retirement savings between employer plans and individual retirement accounts, seeking to reduce …
IRS Pushes Standard Forms to Streamline Retirement Rollovers Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules allowing employers to contribute as much as $2,500 annually on a tax-free basis to Trump Accounts for workers …
IRS Sets Rules for Employer Trump Account Contributions Read More
WASHINGTON — The Treasury Department and Internal Revenue Service are preparing regulations for the federal Saver’s Match, which will begin rewarding eligible retirement contributions made in 2027 with government deposits …
Treasury, IRS Sets 2027 Rules for Federal Retirement Match Read More
WASHINGTON, D.C. — The Internal Revenue Service has expanded its Business Tax Account platform with additional digital notices, payment options and account-management tools, widening the agency’s push to move more …
IRS Expands Online Tax Tools for Businesses Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service issued guidance on an expanded employer tax credit for paid family and medical leave, giving businesses beginning in 2026 the …
IRS Expands Paid-Leave Tax Credit Options for Employers Read More
WASHINGTON, D.C. — The Internal Revenue Service is encouraging individuals with credible information about tax fraud to come forward after whistleblower tips helped the agency recover more than $8 billion …
IRS Highlights Whistleblower Program After $8 Billion Recovery Read More WASHINGTON, D.C. — The U.S. Department of the Treasury and Internal Revenue Service have finalized regulations classifying certain charitable remainder annuity trust (CRAT) arrangements as listed tax-avoidance transactions, requiring taxpayers …
IRS Targets CRAT Tax Shelters With New Disclosure Rules Read More WASHINGTON, D.C. — The Internal Revenue Service will begin automatically withholding certain penalties from eligible taxpayers this summer, replacing a request-based program with a system intended to reduce paperwork and …
IRS Automates Penalty Relief for Compliant Taxpayers Read More WASHINGTON, D.C. — The Internal Revenue Service has finalized regulations classifying certain arrangements marketed as Charitable Remainder Annuity Trusts (CRATs) as listed transactions, increasing disclosure requirements and potential penalties for …
IRS Classifies Certain Charitable Trust Tax Strategies as Abusive Read More