Chester County News and Community Website
You can find several ways to make charitable gifts — but if you’re looking for a method that can provide multiple tax benefits, along with an efficient platform for giving …
Donor-Advised Funds: A Smart Way to Give Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a significant expansion of its Direct File service for the 2025 tax filing season, doubling its availability to 24 states …
IRS Expands Direct File Service to Enhance Tax Filing Experience Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recently released new guidance concerning long-term, part-time employees participating in 403(b) retirement plans. These plans, akin …
New IRS Guidance on 403(b) Plans Sets Stage for Future Retirement Plan Regulations Read More
WASHINGTON, D.C. — In the wake of Hurricane Helene, the Internal Revenue Service (IRS) has declared extensive tax relief measures for individuals and businesses across the affected regions. This relief extends …
IRS Announces Comprehensive Tax Relief for Hurricane Helene Victims Read More
WASHINGTON, D.C. — In response to the recent terrorist attacks in Israel, the Internal Revenue Service (IRS) has announced an extension of tax relief for affected individuals and businesses. This move …
IRS Extends Tax Relief Deadlines for Victims of Israel Attacks Read More
WASHINGTON, D.C. — As the tax filing season approaches, the Internal Revenue Service (IRS) is actively recruiting volunteers for its Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly …
IRS Seeks Volunteers for Vital Tax Assistance Programs Read More WASHINGTON, D.C.— In an effort to streamline the rectification of erroneous Employee Retention Credit (ERC) claims, the Internal Revenue Service (IRS) has launched a supplemental claim process specifically designed for …
IRS Introduces Supplemental Claim Process to Address Incorrect Employee Retention Credit Claims Read More
WASHINGTON, D.C. — In a recent alert, the Internal Revenue Service (IRS) has reminded taxpayers to remain vigilant against fraudulent “mills” that exploit individuals with unpaid tax obligations. These deceptive …
Protect Your Finances: How You Can Avoid Tax Scams and Leverage Legitimate IRS Programs! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled proposed regulations to provide clarity on the Corporate Alternative Minimum Tax (CAMT), introduced by the Inflation Reduction Act. The CAMT …
IRS Unveils New Rules for Corporate Tax: What Businesses Need to Know! Read More
WASHINGTON, D.C. — In a significant advancement under the Inflation Reduction Act, U.S. Secretary of the Treasury Janet L. Yellen, along with IRS Commissioner Danny Werfel, have unveiled new measures …
IRS and Treasury Announce Pivotal Steps in Tax Compliance and Technology Modernization Read More