Chester County News and Community Website
WASHINGTON, D.C. — Twenty-seven states have elected to participate in a new federal scholarship tax credit program created under the One Big Beautiful Bill Act, allowing eligible taxpayers to receive …
IRS Opens Scholarship Tax Credit Program in 27 States Read More
WASHINGTON, D.C. — The Internal Revenue Service is restructuring its decade-old Security Summit partnership to strengthen information sharing and expand coordination with payroll providers as identity thieves increasingly target taxpayer …
IRS Revamps Security Summit to Counter Evolving Tax Fraud Threats Read More WASHINGTON, D.C. — The Internal Revenue Service has released a new calculation tool for businesses and tax professionals handling long-term construction and manufacturing contracts, a move that could simplify compliance …
IRS Releases Calculator Aimed at Reducing Contract Tax Errors Read More
WASHINGTON, D.C. — The Internal Revenue Service has added online enrollment and tracking capabilities for Trump Accounts, a new tax-advantaged savings vehicle created under the One, Big, Beautiful Bill, potentially …
IRS Adds Online Enrollment Tools for Trump Accounts Read More WASHINGTON, D.C. — Thousands of taxpayers involved in disputed conservation and historic preservation tax deductions could receive another opportunity to settle with the Internal Revenue Service under a new limited-time …
IRS Opens New Settlement Window in Easement Tax Cases Read More
Let’s say you dream of spending your retirement mornings on a warm beach, coffee in hand, waves rolling in. To get there, you had a simple plan: save $1 million …
Saving for Retirement: Are You Guessing or Planning? Read More
WASHINGTON, D.C. — The Internal Revenue Service updated its Conservation Easement site to expand information on abusive conservation easement transactions, recent court rulings and warning signs tied to promoter-driven tax …
IRS Updates Conservation Easement Guidance, Warns Investors Read More
WASHINGTON, D.C. — The Internal Revenue Service is accepting applications through May 31 for its Tax Counseling for the Elderly and Volunteer Income Tax Assistance grant programs, which fund organizations …
IRS Opens Applications for VITA, TCE Grant Programs Read More
WASHINGTON, D.C. — Some medical marijuana businesses could soon gain access to federal tax deductions after a planned policy shift tied to the reclassification of certain cannabis products, federal officials …
Marijuana Tax Shift Could Cut Costs for Some Businesses Read More
WASHINGTON, D.C. — The Internal Revenue Service is asking the public to report suspected misuse of federal funds, launching a new alert system aimed at identifying fraud involving tax-exempt organizations, …
IRS Seeks Tips on Fraud, Offers Cash Rewards to Whistleblowers Read More