Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a timely reminder to taxpayers about the potential tax benefits associated with summer day camp expenses. These expenses may qualify for …
IRS Highlights Tax Credit for Summer Day Camp Expenses Read More
During your working years, you know where your income is coming from because you’re working. But once you retire, you’ll have to identify your income sources, know how much you …
Retirees Must Identify and Manage Income Sources Read More
As we transition from summer to autumn, change is all around us — leaves are taking on new colors, temperatures are dropping, and the days are getting shorter. But you …
How to Be a ‘Seasonal’ Investor Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled an early draft of the updated Form 1099-DA. This form is designated for brokers to report sale and exchange transactions …
IRS Releases Draft Form 1099-DA for Digital Asset Transactions Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced new initiatives to aid small businesses and curb improper payments within the Employee Retention Credit (ERC) program. This comes amidst …
IRS Enhances Measures to Address Improper Employee Retention Credit Claims Read More
PHILADELPHIA, PA — Governor Josh Shapiro, alongside U.S. Treasury Secretary Janet Yellen and state leaders, announced yesterday that Pennsylvania will adopt the IRS Direct File program for the 2025 tax …
Pennsylvania Joins IRS Direct File Program, Promises Easier Tax Season Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) states that it is making significant strides in modernizing its services and improving taxpayer experience, thanks to funding from the Inflation Reduction …
IRS Leverages Inflation Reduction Act to Modernize Services and Enhance Taxpayer Experience Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have issued new final regulations that update the rules for required minimum distributions (RMDs) from retirement …
Treasury and IRS Update Rules on Retirement Fund Distributions Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a consumer alert about misleading social media claims promoting a non-existent “Self Employment Tax Credit.” Promoters are falsely advertising this …
IRS Warns Public About False “Self Employment Tax Credit” Claims Read More
PHILADELPHIA, PA — Abdur Rahim Islam, the former CEO of Universal Community Homes (UCH) and Universal Education Companies (UEC), has been sentenced to 84 months in prison. United States Attorney …
Former CEO Sentenced for Fraud and Corruption Read More