Chester County News and Community Website
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 WASHINGTON, D.C. — Taxpayers with outstanding tax debt now have a new online tool to help them understand repayment options and resolve balances more efficiently, the Internal Revenue Service announced.
IRS Launches Tool to Help Taxpayers Tackle Debt Faster Read More WASHINGTON, D.C. — Taxpayers will have additional opportunities to get in-person help from the Internal Revenue Service later this month, with special Saturday office hours scheduled nationwide. What This Means …
IRS Opens Saturday Tax Help Taxpayers Read More WASHINGTON, D.C. — More tipped workers will be able to claim a federal tax deduction under finalized rules defining which jobs qualify and what counts as a “tip,” the Department …
Final IRS Tip Tax Rule Expands Who Qualifies for Break Read More