Entries by admin-wxc

, ,

IRS concludes “Dirty Dozen” list of tax scams

IRS concludes “Dirty Dozen” list of tax scams for 2019: Agency encourages taxpayers to remain vigilant year-round. WASHINGTON — The Internal Revenue Service today wrapped up issuing its annual “Dirty Dozen” list of tax scams. The IRS reminds taxpayers to remain vigilant to these often aggressive and evolving schemes throughout the year. This year’s “Dirty […]

,

IRS expands relief from underpayment penalty

The IRS announced on Friday that it is amending Notice 2019-11 to lower the amount of tax that an individual must have paid in 2018 to avoid the underpayment of estimated income tax penalty to 80% (Notice 2019-25). The change was made after concerns were raised that the earlier relief, which lowered the underpayment penalty […]

, ,

IRS Offers Variety of Payment Options, Penalty Waivers

As the 2019 tax filing season gets into full swing, some taxpayers are facing a surprise tax bill instead of a refund. For those who are unprepared, the Internal Revenue Service offers several payment options. The IRS anticipates that most taxpayers will be affected by major tax law changes. While most will get a tax refund, […]

, ,

IRS Activities Following the Shutdown

The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the IRS resumes operations, there are some important pieces of information for taxpayers and tax professionals to keep in mind in several areas: Audits. For taxpayers […]

,

New schedules with New Form 1040

The 2018 Form 1040 replaces prior year Forms 1040, 1040A and 1040EZ. The 2018 Form 1040 uses a building-block approach that allows individuals to file only the schedules they need with their federal tax return. Many people will only need to file Form 1040 and no schedules. Electronic filers may not notice these changes as […]

,

Updating Information

In WXC Corporation we are interested in keeping your information updated, for this reason we would like to invite you to fill out the following form. Once again, we would like to thank you in advance for your time in sending us this information. __ En WXC Corporation estamos interesados en mantener su información actualizada, […]

, ,

Today is deadline for wage statements

The Internal Revenue Service today reminds employers and other businesses of the Jan. 31 filing deadline that applies to filing wage statements and independent contractor forms with the government. The Protecting Americans from Tax Hikes (PATH) Act requires employers to file their copies of Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and […]

, ,

Find Out When You’ll Get Your Refund

With the government shutdown over and the IRS back in business, it’s time to do your taxes. If you’re one of the millions of Americans who can’t wait to get your hands on your refund, we can tell you how soon you will probably get that refund. (See the chart below.) The tax reform law […]