Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced plans to deny tens of thousands of improper Employee Retention Credit (ERC) claims following an extensive review aimed at safeguarding …
IRS to Deny Thousands of Improper Employee Retention Credit Claims Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have finalized regulations on prevailing wage and apprenticeship (PWA) requirements tied to enhanced credit or deduction …
Treasury and IRS Finalize Regulations on Clean Energy Wage Requirements Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released new guidance on the tax treatment of educational assistance programs, providing clarity for both employers and employees. These frequently asked …
IRS Clarifies Tax Rules for Employer-Provided Educational Assistance Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled a series of new initiatives aimed at curbing abusive partnership transactions that enable wealthy taxpayers to evade paying their fair …
IRS Cracks Down on Abusive Partnership Transactions with New Measures Read More WASHINGTON, D.C. — Taxpayers who, for any reason, missed the April deadline to file their 2023 federal income tax return should not fret. The Internal Revenue Service (IRS) has brought …
Missed the Tax Deadline? The IRS Has Options to Help Read More
Losing a spouse is one of the most painful experiences anyone can have. Unfortunately, widows and widowers have to deal with more than just the emotional trauma — they also …
Financial Tips for Widows and Widowers Read More WASHINGTON, D.C. — In a recent announcement, the Internal Revenue Service (IRS) clarified that many payments received by individuals affected by the 2023 train derailment in East Palestine, Ohio, are …
IRS Clarifies Tax Status of Payments to East Palestine Train Derailment Victims Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has reached a significant milestone in its transformation efforts with the Document Upload Tool (DUT). The tool recently accepted its one millionth …
IRS Hits Milestone with Document Upload Tool: One Million Taxpayer Submissions Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced that Direct File will become a permanent option for filing federal tax returns starting in the 2025 tax season. This …
IRS to Make Direct File a Permanent Option for Filing Federal Taxes Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a reminder for U.S. taxpayers living and working outside the United States to file their 2023 federal income tax returns …
IRS Reminds Americans Abroad to File Taxes by June 17 Read More