Chester County News and Community Website
The Internal Revenue Service (IRS) has been honored with the prestigious Enterprise Risk Management (ERM) Luminary Award at the Annual ERM Summit. The award, presented by the Association for Federal …
IRS Earns Enterprise Risk Management Luminary Award for Exceptional Implementation Read More
The Internal Revenue Service (IRS) has announced that it is accepting nominations for the Electronic Tax Administration Advisory Committee (ETAAC) through January 31, 2024. The ETAAC serves as a public …
IRS Calls for Electronic Tax Administration Advisory Committee Nominations Read More
The Internal Revenue Service (IRS) has begun sending out more than 20,000 letters to taxpayers indicating that their Employee Retention Credit (ERC) claims have been disallowed. This move is part …
IRS Disallows Dubious Employee Retention Credit Claims, Sends Notifications to Over 20,000 Taxpayers Read More
In a recent announcement, the Internal Revenue Service (IRS) and the Security Summit partners underscored the need for tax professionals to bolster their security measures and protect sensitive client information. …
IRS and Security Summit Partners Urge Tax Professionals to Enhance Security Measures Read More The Internal Revenue Service (IRS) has issued a reminder for low- and moderate-income taxpayers about the opportunity to save for retirement while also earning a special tax credit in 2024 …
IRS Encourages Low- and Moderate-Income Taxpayers to Save for Retirement with Saver’s Credit Read More
The Internal Revenue Service (IRS) has announced a delay in the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023. The decision, released in Notice …
IRS Delays New $600 Form 1099-K Reporting Threshold to Reduce Taxpayer Confusion Read More The Internal Revenue Service (IRS) has recently announced that interest rates will remain the same for the calendar quarter beginning January 1, 2024.
IRS Announces Unchanged Interest Rates for Q1 2024 Read More
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 Department of the Treasury and the Internal Revenue Service (IRS) have recently released proposed regulations aiming to provide guidance under a new section of law. This new section disallows …
Treasury and IRS Issue Proposed Regulations on Charitable Conservation Contributions by Pass-Through Entities 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