Chester County News and Community Website
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
If you’ve retired, you may have thought you closed the book on one chapter of your life. But what happens if you need to “reverse” your retirement?
What to Know Before ‘Reversing’ Your Retirement Read More
SPRINGFIELD, PA — On Wednesday, Dave McCormick introduced Part Four of his Keystone Agenda to Reclaim America at an event in Delaware County. The comprehensive plan aims to address the …
Dave McCormick Unveils Pro-Family Policy Agenda in Delaware County 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
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has introduced new guidelines under Notice 2024-55, providing crucial exceptions to the additional tax on early retirement plan distributions. These rules, effective …
IRS Issues New Rules for Early Retirement Plan Withdrawals in Emergencies and Domestic Abuse Cases Read More