Chester County News and Community Website
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service moved this month to expand health savings accounts while showcasing record-setting enforcement results, signaling a dual push to broaden tax …
IRS Rolls Out Sweeping HSA Expansion, Touts $10.6B Crime Crackdown Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service unveiled new guidance this week on the launch of “Trump Accounts,” a forthcoming class of individual retirement accounts for eligible …
New IRS Rules Spark Big Questions About ‘Trump Accounts’ for Children Read More WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service this week opened a sweeping public comment period on a new federal tax credit tied to K–12 scholarship donations, a …
IRS Unveils New Education Tax Credit, Sparking Big Questions Ahead of 2027 Launch Read More
BALTIMORE, MD — The Social Security Administration is touting what it describes as one of the most dramatic operational turnarounds in years, reporting major gains in customer service, backlog reduction, …
SSA’s Stunning Year-End Shakeup: What’s Behind the Agency’s Rapid Turnaround? Read More
WASHINGTON, D.C. — The Department of the Treasury and the IRS this past week released two sets of sweeping tax guidance that could reshape financial planning for rural lenders, tipped …
IRS Unveils New Tax Breaks for Rural Lenders, Tipped Workers, and Overtime Earners Read More WASHINGTON, D.C. — The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping changes under the One Big Beautiful Bill …
IRS Unveils New Tools, Tip Relief Ahead of 2025 Tax Season Shake-Up Read More
WASHINGTON, D.C. — The Internal Revenue Service is urging more than 800,000 paid tax professionals across the nation to renew their Preparer Tax Identification Numbers (PTINs) before the end of …
IRS Warns Tax Preparers: Renew Identification Numbers Now or Risk Penalties Read More WASHINGTON, D.C. — The Internal Revenue Service released several key updates last week implementing provisions of the One, Big, Beautiful Bill (OBBB), including temporary reporting relief for auto lenders, new …
IRS Issues New Guidance on Car Loan Interest, Employee Credits, and 1099-K Thresholds Read More
WASHINGTON, D.C. — The Internal Revenue Service this past week released two major updates related to implementation of the One, Big, Beautiful Bill (OBBB), including temporary penalty relief for remittance …
IRS Issues Penalty Relief, 2026 Inflation Adjustments Following Enactment of One, Big, Beautiful Bill Read More
WASHINGTON, D.C. — The Internal Revenue Service and the U.S. Department of the Treasury unveiled a series of major updates this week, ranging from fee reductions for tax preparers and …
IRS Rolls Out Fee Cuts, New Tax Relief, and Mediation Pilot Amid Busy Week Read More