Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service announced two major updates last week, extending tax relief for farmers and ranchers impacted by drought and launching a plan to phase out …
IRS Expands Drought Relief for Farmers, Moves to End Paper Refund Checks Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service last week rolled out major updates to retirement plan rules and tax guidance for tipped workers, finalizing regulations under the …
IRS Unveils New Rules on Roth Catch-Ups and Tipped Worker Tax Breaks Read More WASHINGTON, D.C. — The Internal Revenue Service announced that applications for the 2026 Compliance Assurance Process (CAP) program will open on September 3, 2025, and remain available through October 31, …
IRS Opens 2026 Compliance Assurance Process Applications for Large Corporations Read More
You may have heard of the “4% rule” when it comes to retirement. The idea is simple: After you retire, you withdraw 4% of your investment portfolio each year. In …
Does the 4% Rule Still Make Sense for Your Retirement? Read More
WASHINGTON, D.C. — In a continued effort to protect taxpayer information and combat the growing threat of identity theft, the Internal Revenue Service (IRS) and its Security Summit partners have …
IRS Urges Tax Professionals to Strengthen Data Security with Mandatory Written Plans Read More
WASHINGTON, D.C. — The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) has published its 2025 annual report, presenting 14 recommendations aimed at strengthening tax administration, enhancing security, and …
ETAAC Urges IRS and Congress to Bolster Tax Security and Digital Modernization Read More WASHINGTON, D.C. — National Taxpayer Advocate Erin M. Collins has released her Fiscal Year 2026 Objectives Report to Congress, praising the 2025 filing season for its efficiency while underscoring persistent …
National Taxpayer Advocate Reports IRS Progress, Warns of Challenges Ahead Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a series of updates to its Pre-Filing Agreement (PFA) program aimed at promoting tax certainty and reducing disputes for large business …
IRS Introduces Key Updates to Pre-Filing Agreement Program to Boost Tax Certainty Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a reminder to taxpayers that the deadline for second quarter estimated tax payments is approaching. Payments must be submitted by …
Don’t Miss the June 16 Tax Deadline! Secure Your Finances Now Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released its annual Data Book for fiscal year 2024, offering a comprehensive statistical snapshot of the agency’s operations and achievements from …
IRS Tops $5 Trillion in Collections While Revolutionizing Taxpayer Services Read More