Chester County News and Community Website
Once again, it’s the season of generosity. In addition to considering gifts for your loved ones, you might want to think about charitable gifts as well. But what should you …
Can You Make Charitable Giving Less “Taxing?” 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) 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 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
As the nation’s tax season approaches, the Internal Revenue Service (IRS) has issued a series of reminders to help taxpayers prepare for filing their 2023 federal tax returns. These ‘Get …
IRS Issues ‘Get Ready’ Reminders for 2023 Tax Filing Season Read More
It won’t be long before we turn the page on 2023. But you still have time to make some financial moves that can pay off in 2024 — and beyond.
Consider These Year-End Financial Moves Read More The Internal Revenue Service (IRS) is calling on sellers and dealers of clean vehicles to register their businesses on the Energy Credits Online tool as soon as possible. With a …
IRS Urges Clean Vehicle Sellers to Register for Energy Credits Online Ahead of December Deadline Read More
It’s not as well-known as Halloween, but National Retirement Security Week happens every October – the third week, to be precise — and while it doesn’t involve ghosts and goblins, …
Start Moving Toward Retirement Security Read More