Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued new guidance on the Clean Fuel Production Credit, introduced by the Inflation Reduction Act of 2022. This credit, effective from …
IRS Releases Guidelines for Clean Fuel Production Credit Registration Read More WASHINGTON D.C. — The Internal Revenue Service (IRS) has issued a cautionary alert to taxpayers about a new scam involving the purchase of clean energy tax credits. Unscrupulous tax return …
IRS Warns Taxpayers of New Scam Involving Clean Energy Tax Credits Read More
WASHINGTON D.C. — The Internal Revenue Service (IRS) and its Security Summit partners have announced a new campaign aimed at protecting tax professionals from evolving scams and identity theft threats. …
IRS Launches Campaign to Combat Tax-Related Identity Theft Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise …
New IRS Rules for Corporate Stock Buyback Tax Take Effect Read More
WASHINGTON, D.C. — There’s a new wave coming, and it’s digital. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently released final regulations stipulating that brokers …
Digital Transactions Spotlighted: How New US Regulations Include Cryptocurrency in Tax Reporting Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a reminder to taxpayers that despite evolving state laws, marijuana remains classified as a Schedule I controlled substance under federal …
IRS Reminds Taxpayers: Marijuana Still Subject to Strict Federal Tax Rules Read More
WASHINGTON, D.C. — The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) has released its 2024 annual report, presenting a comprehensive set of recommendations aimed at improving tax administration. …
IRS Advisory Committee Urges Major Reforms for Tax Filing System 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. — In her recent mid-year report to Congress, National Taxpayer Advocate Erin M. Collins revealed a tale that is both encouraging and troubling about the current state of …
IRS Faces Challenges: Delayed Refunds, Misleading Measures, and Unchecked Claims Read More
If you’ve retired, you may have thought you closed the book on one chapter of your life. But what happens if you need to “reverse” your retirement?
What to Know Before ‘Reversing’ Your Retirement Read More