Chester County News and Community Website
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
SPRINGFIELD, PA — On Wednesday, Dave McCormick introduced Part Four of his Keystone Agenda to Reclaim America at an event in Delaware County. The comprehensive plan aims to address the …
Dave McCormick Unveils Pro-Family Policy Agenda in Delaware County Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a draft of the revised Form 6765, also known as the Credit for Increasing Research Activities or the Research Credit. …
IRS Releases Draft of Revised Research Credit Form Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has introduced new guidelines under Notice 2024-55, providing crucial exceptions to the additional tax on early retirement plan distributions. These rules, effective …
IRS Issues New Rules for Early Retirement Plan Withdrawals in Emergencies and Domestic Abuse Cases Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced plans to deny tens of thousands of improper Employee Retention Credit (ERC) claims following an extensive review aimed at safeguarding …
IRS to Deny Thousands of Improper Employee Retention Credit Claims Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have finalized regulations on prevailing wage and apprenticeship (PWA) requirements tied to enhanced credit or deduction …
Treasury and IRS Finalize Regulations on Clean Energy Wage Requirements Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released new guidance on the tax treatment of educational assistance programs, providing clarity for both employers and employees. These frequently asked …
IRS Clarifies Tax Rules for Employer-Provided Educational Assistance Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled a series of new initiatives aimed at curbing abusive partnership transactions that enable wealthy taxpayers to evade paying their fair …
IRS Cracks Down on Abusive Partnership Transactions with New Measures Read More WASHINGTON, D.C. — Taxpayers who, for any reason, missed the April deadline to file their 2023 federal income tax return should not fret. The Internal Revenue Service (IRS) has brought …
Missed the Tax Deadline? The IRS Has Options to Help Read More