wxc corporation miami
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Helping taxpayers to understand the different filing statuses

Taxpayers don’t typically think about their filing status until they file their taxes. However, a taxpayer’s status could change during the year, so it’s always a good time for a taxpayer to learn about the different filing statuses and which…
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Who Does the IRS Consider to Be a Qualifying Relative?

The IRS recently announced that it plans to issue regulations to reduce the personal exemption amount to zero for tax years 2018 through 2025, provided the reduction will not be factored into determining if someone is a qualifying relative under…
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For people involved in the sharing economy…

For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill. The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected…
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Form 1040 to be shorter but with more schedules

The IRS is working on a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return, that reduces the size of the form to two half-pages in length and eliminates more than 50 lines, compared to the 2017 version of the form. The draft…
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Law change affects moving, mileage and travel expenses

The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: Move related vehicle expenses Un-reimbursed employee expenses Vehicle expensing Changes…
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The Pros & Cons of Working From Home

Job seekers are enticed by work from home options but are aware of the pitfalls, suggests new research from global staffing firm Robert Half. More than three quarters of professionals surveyed (77 percent) said they are more likely to accept…
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Check withholding soon, avoid another one next year

Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the Internal Revenue Service. The…
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It’s Never Too Early: 5 Tips to Get Kids Started with Retirement Planning

It’s a whole new world for recent college graduates entering the workforce. Their priorities have changed; now bills, rent, and student loans lead their monthly list. Retirement planning ranks low as a priority for many young people in…
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The ideal time to review your finances

With the income tax deadline behind them, many Americans are eager to file away their financial records until next year. But experts advise not putting those documents away just yet — now is an opportune time to review them, make any necessary…