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IRS: U.S. taxpayers living and working abroad face June 17 deadline

WASHINGTON — The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17. This deadline applies to both U.S. citizens and resident aliens abroad,…
WXC Corporation Miami Doral
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Taking tax advice on social media can be bad news for taxpayers

WASHINGTON — On day eight of the Dirty Dozen tax scam series, the Internal Revenue Service today warned about bad tax information on social media that can lure honest taxpayers with bad advice, potentially leading to identity theft and 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…
WXC Corporation Doral Miami
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Treasury, IRS update frequently asked questions for the Premium Tax Credit

The basics Q1. What is the Premium Tax Credit? (updated February 24, 2022) A1. The Premium Tax Credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance…
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Minimum Wage in Florida – Notice to Employees

Effective September 30, 2023, the Florida minimum wage is $12.00 per hour, with a minimum wage of at least $8.98 per hour for tipped employees, in addition to tips, through September 29, 2024. On November 3, 2020, Florida voters approved…
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Treasury, IRS issue guidance on the Qualified Alternative Fuel Vehicle Credit

WASHINGTON — The Internal Revenue Service and the Department of the Treasury today issued Notice 2024-20PDF to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit and to announce…
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IRS reminds eligible 2020 and 2021 non-filers to claim Recovery Rebate Credit

WASHINGTON — The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it's too late. The vast majority of those eligible for Economic Impact Payments…
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Saver’s Credit can help low and moderate income taxpayers to save more in 2024

WASHINGTON —The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and years ahead. The Retirement Savings Contributions Credit, also…
WXC Corporation Miami Doral
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IRS issues guidance for the transfer of clean vehicle credits

WASHINGTON — The Internal Revenue Service issued proposed regulations, Revenue Procedure 2023-33PDF and frequently asked questions today for the transfer of new and previously owned clean vehicle credits from the taxpayer to an eligible…