WXC Corporation Doral Miami
,

Time is running out for refunds

WASHINGTON ― The Internal Revenue Service today encouraged nearly 1.5 million people across the nation to submit a tax return to claim their refunds for tax year 2019 by the July 17, 2023, deadline. The IRS estimates almost $1.5 billion…
WXC Corporation Doral Miami
,

Florida storm victims qualify for tax relief; April 18 deadline, other dates extended to Aug. 15

WASHINGTON — Florida storm victims now have until Aug. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering relief to any area designated…
WXC Corporation Doral Miami
,

IRS reminds U.S. taxpayers living and working abroad to file their 2022 tax return by June 15

WASHINGTON — The Internal Revenue Service today reminded American taxpayers living and working outside the U.S. to file their 2022 federal income tax return by Thursday, June 15. This deadline applies to both U.S. citizens and resident aliens…
WXC Corporation Doral Miami
, ,

Missed the April 18 filing deadline? File now to limit penalties and interest

WASHINGTON — The Internal Revenue Service today urged taxpayers who missed Tuesday's April 18 tax-filing deadline to file as soon as possible. Taxpayers who owe and missed the deadline without requesting an extension should file quickly to…
WXC Corporation Miami Doral
,

Check tax withholding now to avoid paying future quarterly estimated payments

WASHINGTON — The Internal Revenue Service reminds taxpayers who earn wages to use the Tax Withholding Estimator now to adjust their 2023 withholding. People's tax situations occasionally change through marriage or divorce, adding a child…
WXC Miami
,

Deferred Social Security tax payment due Dec. 31

The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the deferred amount is due on December 31,…
,

Save for retirement now, get a tax credit later

The Internal Revenue Service reminds low- and moderate-income workers that they can save for retirement now and possibly earn a special tax credit in 2022 and years ahead. The Retirement Savings Contributions Credit, also known as the Saver's…
,

IRS reminds those over age 72 to start withdrawals from IRAs

The Internal Revenue Service today reminded those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Required…
,

Treasury and IRS expand program for approving certain retirement plans

WASHINGTON — The Treasury Department and Internal Revenue Service today announced the expansion of one of their programs for approving retirement plans. The IRS will now allow 403(b) retirement plans, which are used by certain public schools,…