Chester County News and Community Website
WASHINGTON D.C. — The Internal Revenue Service (IRS) and its Security Summit partners have announced a new campaign aimed at protecting tax professionals from evolving scams and identity theft threats. …
IRS Launches Campaign to Combat Tax-Related Identity Theft Read More
READING, PA — Representative Chrissy Houlahan (D-PA) has called on the Internal Revenue Service (IRS) to reopen its Taxpayer Assistance Center (TAC) in Reading, following a sudden announcement of its …
Rep. Houlahan Urges IRS to Reopen Reading Taxpayer Assistance Center Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise …
New IRS Rules for Corporate Stock Buyback Tax Take Effect Read More
WASHINGTON, D.C. — There’s a new wave coming, and it’s digital. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently released final regulations stipulating that brokers …
Digital Transactions Spotlighted: How New US Regulations Include Cryptocurrency in Tax Reporting Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a reminder to taxpayers that despite evolving state laws, marijuana remains classified as a Schedule I controlled substance under federal …
IRS Reminds Taxpayers: Marijuana Still Subject to Strict Federal Tax Rules Read More
WASHINGTON, D.C. — The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) has released its 2024 annual report, presenting a comprehensive set of recommendations aimed at improving tax administration. …
IRS Advisory Committee Urges Major Reforms for Tax Filing System Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a time-limited settlement offer for taxpayers involved in Syndicated Conservation Easements (SCE) and similar transactions that are currently under audit. …
IRS Offers Time-Limited Settlement to Taxpayers in Syndicated Conservation Easement Cases Read More
WASHINGTON, D.C. — In her recent mid-year report to Congress, National Taxpayer Advocate Erin M. Collins revealed a tale that is both encouraging and troubling about the current state of …
IRS Faces Challenges: Delayed Refunds, Misleading Measures, and Unchecked Claims Read More
PHILADELPHIA, PA — Former Union President, Brian Burrows, has been sentenced to four years in prison after being convicted on charges originating from a grand embezzlement scheme. 64-year-old Burrows, from …
Ex-Union Top Brass Sentenced in Big-League Embezzlement Case: Unveiling a Local Scandal Shrouded in Conspiracy and Corruption Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a draft of the revised Form 6765, also known as the Credit for Increasing Research Activities or the Research Credit. …
IRS Releases Draft of Revised Research Credit Form Read More