Chester County News and Community Website
WASHINGTON, D.C. — In a move that could provide temporary relief to businesses dealing with digital assets, the Treasury Department and Internal Revenue Service (IRS) have announced that these entities …
Treasury Department Temporarily Eases Reporting Requirements for Digital Assets Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released preliminary guidance to assist employers in implementing the newly introduced Pension-Linked Emergency Savings Accounts (PLESAs). These accounts, authorized under the …
IRS Provides Initial Guidance on Pension-Linked Emergency Savings Accounts: A New Avenue for Employee Savings Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has kicked off the tax season by launching its Free File Guided Tax Software service. This service, available on IRS.gov, provides cost-free …
The IRS Launched Free Tax Filing Tool: An Invaluable Opportunity for Millions of Taxpayers Read More
The Internal Revenue Service (IRS) is making significant strides to bring high-income individuals, complicated partnerships, and colossal corporations within the ambit of thorough scrutiny. Bolstered by the support of the …
IRS Intensifies Focus to Ensure Tax Compliance from High-Income Entities Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) is reaching out to taxpayers across the country with an online video series that seeks to demystify the complexities of tax forms …
IRS Sheds Light on Form 1099-K Reporting in Free Webinar, Plans for Lower Reporting Threshold in 2024 Read More
WASHINGTON, D.C. — The National Taxpayer Advocate, Erin M. Collins, has recently delivered her 2023 Annual Report to Congress, shedding light on the complexities and challenges taxpayers face due to …
National Taxpayer Advocate’s 2023 Report Rings Alarm on IRS Paper Processing Delays Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) is setting the stage for the upcoming tax season with crucial reminders for employers. The IRS is underscoring the importance of the …
IRS Rings in 2024 with Key Reminders for Employers Ahead of Tax Season Read More
WASHINGTON, D.C. — A word of caution issued by the Internal Revenue Service (IRS) and its Security Summit partners has signaled a crucial warning to tax professionals nationwide. As we …
“New Client” Scams: A Growing Threat to Tax Professionals and Their Clients Read More
WASHINGTON, D.C. — Mark your calendars, taxpayers. The Internal Revenue Service (IRS) has set the date for the official start of the nation’s 2024 tax season. Beginning Monday, January 29, …
IRS Announces Start of 2024 Tax Season, Promises Improved Services and New Tools Read More
The Internal Revenue Service (IRS) recently announced an extension for dealers and sellers of clean vehicles to submit their time-of-sale reports following the launch of a new online portal aimed …
IRS Extends Deadline for Clean Vehicle Sellers to Submit Time-of-Sale Reports Read More