Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) states that it is making significant strides in modernizing its services and improving taxpayer experience, thanks to funding from the Inflation Reduction …
IRS Leverages Inflation Reduction Act to Modernize Services and Enhance Taxpayer Experience Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released Notice 2024-60 to provide initial guidance on the carbon oxide sequestration credit, which was significantly amended by the Inflation Reduction …
IRS Issues Guidance on Carbon Sequestration Credit Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have issued new final regulations that update the rules for required minimum distributions (RMDs) from retirement …
Treasury and IRS Update Rules on Retirement Fund Distributions Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a significant update to the identity authentication process for financial institutions registering under the Foreign Account Tax Compliance Act (FATCA). …
IRS Enhances Authentication Process for FATCA Registration Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a consumer alert about misleading social media claims promoting a non-existent “Self Employment Tax Credit.” Promoters are falsely advertising this …
IRS Warns Public About False “Self Employment Tax Credit” Claims Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) is urging car dealers and sellers to stay vigilant against a surge in phishing and smishing scams that could disrupt their business …
IRS Warns Car Dealers of Rising Phishing and Smishing Scams Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a major milestone, having collected over $1 billion in past-due taxes from high-income taxpayers. This achievement stems from intensified enforcement …
IRS Surpasses $1 Billion Mark in Collections from Wealthy Tax Evaders Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued new guidance on the Clean Fuel Production Credit, introduced by the Inflation Reduction Act of 2022. This credit, effective from …
IRS Releases Guidelines for Clean Fuel Production Credit Registration Read More WASHINGTON D.C. — The Internal Revenue Service (IRS) has issued a cautionary alert to taxpayers about a new scam involving the purchase of clean energy tax credits. Unscrupulous tax return …
IRS Warns Taxpayers of New Scam Involving Clean Energy Tax Credits Read More
WASHINGTON D.C. — The Internal Revenue Service (IRS) and its Security Summit partners have announced a new campaign aimed at protecting tax professionals from evolving scams and identity theft threats. …
IRS Launches Campaign to Combat Tax-Related Identity Theft Read More