WXC Corporation Miami
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IRS grants additional relief for rehabilitation credit deadlines

WASHINGTON — Because of the burdens the COVID-19 pandemic has placed on taxpayers claiming the rehabilitation credit, the Internal Revenue Service today issued Notice 2020-58 (PDF) that provides additional relief to taxpayers in satisfying…

45% of U.S. Workplaces Don’t Have a Return to Work Date Set

A new shows that while 53 percent of U.S. workplaces plan to reopen by July 15, at least 45 percent have yet to set a return to work date. Sponsored by the SHRM (Society for Human Resource Management), the survey reveals not only when workers…
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Treasury, IRS release latest state-by-state Economic Impact Payment figures

WASHINGTON –The Treasury Department and the Internal Revenue Service today released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in…
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Economic impact payments: What you need to know

IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with…
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Relief from Penalty for Failure to Deposit Employment Taxes

Notice 2020-22 provides a waiver of additions to tax for failure to make a deposit of taxes for employers required to pay qualified sick leave wages and qualified family leave wages mandated by the Families First Coronavirus Response Act (Families…
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Treasury, IRS and Labor announce Coronavirus-related paid leave for workers

WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed…
global recession
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83% of Institutional Investors Expect Global Recession in 12-18 Months

A global survey of institutional investors commissioned by financial automation software leader BlackLine, Inc. reveals that 82 percent of global investors believe companies in their portfolio often resort to legal but ‘creative’ accounting…
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Home Values in U.S. Continue Strong Growth

U.S. home value growth continues to slow, according to the July Zillow Real Estate Market Report. The rate of annual home value appreciation decreased for the seventh straight month in July. The typical U.S. home is worth $229,000, up 5.2%…
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Treasury, IRS release final and proposed regulations on new 100% depreciation

WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100% additional first…