Retirement Plan
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Retirement plan distributions: IRS provides guidance on certain exceptions

WASHINGTON – The Internal Revenue Service today issued Notice 2024-55PDF, which provides guidance on exceptions to the additional tax when taking early permissible retirement plan distributions for emergency personal expenses and for victims…
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IRS announces extension of Free File program through 2029

WASHINGTON — The Internal Revenue Service announced today an extension of the current Free File program through 2029 following an agreement that will continue to make the free private-sector tax software available to taxpayers. The five-year…
WXC Corporation Miami Doral
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Missed the April tax-filing deadline? File quickly to avoid penalties and interest

WASHINGTON — The Internal Revenue Service today encouraged taxpayers who missed the April tax-filing deadline to file a tax return as soon as they can. The IRS offers different resources to help those who may be unable to pay their tax…
WXC Corporation Doral Miami
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IRS: Take care when choosing a tax return professional

WASHINGTON — The Internal Revenue Service today reminded taxpayers that carefully choosing a tax professional to prepare a tax return is vital to ensuring that their personal and financial information is safe and secure and treated with care. Most…
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Tax season: Get ready now to file 2023 federal income tax returns in early 2024

WASHINGTON — With the nation's tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help "get ready" to file their 2023 federal tax return. This is the first in a…
WXC Corporation Doral Miami
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Don’t wait to file: IRS encourages taxpayers with filing extensions

WASHINGTON — The Internal Revenue Service is encouraging taxpayers who have yet to file their 2021 tax return – including those who requested an extension of time – to file a complete and accurate return electronically as early as possible…
WXC Corporation Miami Doral
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Tax Time Guide: Use the Where’s My Refund?

WASHINGTON — The Internal Revenue Service reminds taxpayers today that the fastest and easiest way to check on tax refunds is by using the Where's My Refund?  tool on IRS.gov or through the IRS2Go mobile app. This year, more than ever…
WXC Corporation Doral
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Expanded tax benefits help individuals and businesses give to charity during 2021

WASHINGTON — The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted…
WXC Corporation Doral Miami
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Double-check for missing or incorrect Forms W-2, 1099 before filing taxes

WASHINGTON — With some areas seeing mail delays, the Internal Revenue Service reminds taxpayers to double-check to make sure they have all of their tax documents, including Forms W-2 and 1099, before filing a tax return. The IRS reminds…