Chester County News and Community Website
The Internal Revenue Service announced it recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.
IRS Announces Final Corrections of Tax Year 2020 Accounts Read More
Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service is urging those who …
Don’t Get Penalized: Final 2022 Quarterly Estimated Tax Payment Due Read More
The Internal Revenue Service recently announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.
IRS Delays 1099-K Requirements Read More
Senate Finance Committee Chair Ron Wyden, D-Ore., on Tuesday announced the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act to bolster retirement savings, and Conservation Easement Program Integrity Act to shut down fraudulent …
Bipartisan SECURE Act Boosts Retirement Savings Read More The Internal Revenue Service announced it is looking for volunteers to train for the upcoming filing season to provide free tax help in communities across the country. Bilingual volunteers are …
IRS Needs Bilingual Volunteers for Upcoming Tax Season Read More
The Internal Revenue Service announced it is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC). Applications will be accepted through January 31, 2023.
IRS Seeking Applicants for the Electronic Tax Administration Advisory Committee Read More The Internal Revenue Service (IRS) is reminding taxpayers to take some important steps this month to help them file their federal tax returns for 2022. The “Get Ready” page on the …
Taxpayers: Get Ready Now for 2023 Filing Season Read More
The Treasury Department and Internal Revenue Service recently issued proposed regulations identifying certain syndicated conservation easement (SCE) transactions as “listed transactions” – abusive tax transactions that must be reported to the …
IRS Targets Conservation Easement Schemes Read More The Internal Revenue Service recently awarded $41 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return …
IRS Awards $41 Million in Tax Counseling for the Elderly Grants Read More
The Internal Revenue Service (IRS) recently issued a reminder that individuals and businesses affected by the COVID-19 pandemic, who may qualify for late-filing penalty relief, must file their 2019 and …
COVID-19 Tax Filing Penalty Relief: Filing Deadline Is September 30, 2022 Read More