Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a formal warning to taxpayers regarding fraudulent tax schemes involving so-called “Charitable LLCs.” Widely marketed to high-income individuals, these abusive transactions …
IRS Issues Warning on Fraudulent “Charitable LLC” Tax Schemes Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a time-limited settlement offer for taxpayers involved in Syndicated Conservation Easements (SCE) and similar transactions that are currently under audit. …
IRS Offers Time-Limited Settlement to Taxpayers in Syndicated Conservation Easement Cases Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled a series of new initiatives aimed at curbing abusive partnership transactions that enable wealthy taxpayers to evade paying their fair …
IRS Cracks Down on Abusive Partnership Transactions with New Measures Read More
When you’re creating your estate plan, your biggest priority may be taking care of your family — your spouse, grown children, grandchildren, and other loved ones. And as you think …
Should Estate Plans Be Equal … or Fair? Read More
You might not have thought much about beneficiary designations — but they can play a big role in your estate planning.
Be Careful When Naming Beneficiaries Read More
WASHINGTON, D.C. — In an assertive move towards improved tax compliance and systematic fairness, the Internal Revenue Service (IRS) has unveiled a new initiative aimed at high-income taxpayers who have …
IRS Targets High-Income Tax Evaders in Expansive Enforcement Initiative Read More
West Chester-based law firm Gawthrop Greenwood is advising workers and retirees to update their estate plans, now that the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) became effective …
How (and Why) to Update Your Estate Plan Under the SECURE Act Read More