Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service is steering taxpayers with U.S. bank accounts toward its Direct Pay system as a fee-free way to make federal tax payments online without …
IRS Pushes Direct Pay as Free Option for Federal Tax Bills Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules Sept. 3 that could force as many as 18,000 tax-exempt private schools to eliminate race-based admissions, scholarships and …
Treasury Targets Race-Based Aid at 18,000 Private Schools Read More
WASHINGTON, D.C. — The Internal Revenue Service is urging taxpayers with extensions on their 2025 federal income tax returns to file before the Oct. 15 deadline, giving those who owe …
IRS Urges Early Filing as Oct. 15 Tax Deadline Nears Read More
WASHINGTON, D.C. — The Internal Revenue Service will shut down its decades-old FIRE electronic filing system in November, requiring businesses and other information-return filers to move to the agency’s newer …
IRS to Retire FIRE System, Forcing Filers Onto IRIS Read More
DES MOINES, IA — Treasury Secretary Scott Bessent traveled to Iowa last week to promote the Trump administration’s tax and regulatory agenda, meeting manufacturers, agricultural businesses and bankers as the …
Bessent Touts Tax Cuts as Iowa Firms Weigh Investment Read More
WASHINGTON, D.C. — The Internal Revenue Service has expanded its Business Tax Account platform with additional digital notices, payment options and account-management tools, widening the agency’s push to move more …
IRS Expands Online Tax Tools for Businesses Read More
Social Security is often one of the most important income sources in retirement. Yet widespread myths about how it works can lead to confusion, unnecessary worry and poor planning decisions. …
Debunking Five Common Social Security Myths Read More WASHINGTON, D.C. — The U.S. Department of the Treasury and Internal Revenue Service have finalized regulations classifying certain charitable remainder annuity trust (CRAT) arrangements as listed tax-avoidance transactions, requiring taxpayers …
IRS Targets CRAT Tax Shelters With New Disclosure Rules Read More WASHINGTON, D.C. — The Internal Revenue Service will begin automatically withholding certain penalties from eligible taxpayers this summer, replacing a request-based program with a system intended to reduce paperwork and …
IRS Automates Penalty Relief for Compliant Taxpayers Read More WASHINGTON, D.C. — The Internal Revenue Service has finalized regulations classifying certain arrangements marketed as Charitable Remainder Annuity Trusts (CRATs) as listed transactions, increasing disclosure requirements and potential penalties for …
IRS Classifies Certain Charitable Trust Tax Strategies as Abusive Read More