Chester County News and Community Website
WASHINGTON, D.C. — As open enrollment season commences, the Internal Revenue Service (IRS) is urging taxpayers to take full advantage of flexible spending arrangements (FSAs), highlighting the significant tax benefits and …
IRS Urges Taxpayers to Maximize Savings with Flexible Spending Arrangements During Open Enrollment Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled its Fiscal Year 2024 Financial Report, showcasing a year marked by substantial revenue collections, commendable financial management, and overcoming longstanding challenges. …
IRS Reports Robust Financial Year Amid Significant Achievements and Challenges Read More
PHILADELPHIA, PA — United States Attorney Jacqueline C. Romero has announced the indictment this week of Alan C. Redmond, a 42-year-old resident of Wyomissing, Pennsylvania, on multiple counts related to …
Wyomissing Executive Accused of Diverting Over $1 Million in Employee Taxes Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have unveiled detailed guidance regarding the Energy Efficient Home Improvement Credit and the Advanced Manufacturing Production …
Treasury and IRS Issue New Guidance on Energy Efficient Home Improvement and Advanced Manufacturing Credits Read More
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