Chester County News and Community Website
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
WASHINGTON, D.C. — The Internal Revenue Service, in partnership with the Security Summit, is sounding the alarm over a surge in sophisticated phishing schemes targeting tax professionals. As part of …
IRS Sounds Alarm on Sophisticated Phishing Scams Targeting Tax Pros—Here’s How to Stay Safe Read More
WASHINGTON, D.C. — The Internal Revenue Service is encouraging taxpayers who requested an extension to file their 2024 federal tax returns as soon as possible, rather than wait until the …
IRS Urges Taxpayers to File Now, Highlights Free Filing Options Before Fall Rush Read More