Chester County News and Community Website
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
WASHINGTON, D.C. — The Internal Revenue Service and Treasury Department have issued guidance exempting certain contributions to newly created Trump accounts from federal gift tax reporting requirements, a move aimed …
IRS Eases Gift Tax Reporting Rules for Contributions to Trump Accounts Read More WASHINGTON, D.C. — The Internal Revenue Service successfully processed nearly 139 million individual tax returns and issued more than 90 million refunds during the 2026 filing season despite staffing reductions …
IRS Filing Season Runs Smoothly but Refund Delays Persist, Watchdog Says Read More WASHINGTON, D.C. — An Internal Revenue Service advisory committee issued 18 recommendations aimed at modernizing tax administration, improving taxpayer services, and strengthening fraud prevention, including calls for Congress to simplify …
IRS Advisory Panel Urges Tax Simplification, Stable Funding Read More WASHINGTON, D.C. — Twenty-seven states have elected to participate in a new federal scholarship tax credit program created under the One Big Beautiful Bill Act, allowing eligible taxpayers to receive …
IRS Opens Scholarship Tax Credit Program in 27 States Read More