Chester County News and Community Website
The Internal Revenue Service (IRS) is reminding eligible individuals who have not yet claimed their Recovery Rebate Credit to file a tax return before it’s too late. The deadlines to …
IRS Urges Eligible Taxpayers to Claim Recovery Rebate Credit Before Deadlines Read More
The Internal Revenue Service (IRS) has recently issued a reminder to Individual Retirement Arrangement (IRA) owners aged 70½ and over. These individuals are allowed to transfer up to $100,000 annually …
IRS Reminder: IRA Owners Over 70½ Can Transfer up to $100,000 to Charity Tax-Free Read More
The Internal Revenue Service (IRS) has recently updated its frequently asked questions (FAQs) on Fact Sheet 2023-26. The update pertains to question 9 and clarifies the tax implications for wrongfully …
IRS Updates FAQ on Wrongful Incarceration Exclusion; Back Pay for Wrongfully Incarcerated Service Members Not Exempt from Gross Income Read More
If you’ve invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in …
Don’t Leave Your IRA to the IRS Read More
Are you worried about an IRS audit? It can be a highly stressful and time-consuming process, not to mention the potential financial exposure. This article explores some of the primary …
Discover the Red Flags That Could Trigger a Tax Audit Read More
Filing your tax return early can be a great way to get ahead of the game and ensure you have plenty of time to review your taxes and make any …
Benefits of Filing Your Tax Return Early Read More