Chester County News and Community Website
WASHINGTON, D.C. — As the 2025 tax season looms, the Internal Revenue Service (IRS) is advising taxpayers to bolster their identity security by enrolling in the Identity Protection Personal Identification …
IRS Urges Taxpayers to Enhance Security with IP PIN for 2025 Tax Season Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released the annual inflation adjustments for tax year 2025, encapsulated in Revenue Procedure 2024-40. These adjustments, impacting over 60 tax provisions, …
IRS Announces Key Inflation Adjustments for 2025 Tax Year Read More
In the popular imagination, receiving an inheritance always sounds like a good thing — after all, who doesn’t want a financial windfall? And inheritances can certainly be life-altering events. But …
Are Your Heirs Ready to Receive an Inheritance? Read More
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