WXC Corporation Miami Doral
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IRS has options to help people who missed the April filing deadline

WASHINGTON — The Internal Revenue Service today highlighted a number of options available to help taxpayers who missed the April deadline to file their 2023 federal income tax return. To help struggling taxpayers, the IRS has important…
WXC Corporation Miami Doral
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Treasury, IRS release guidance on the prevailing wage and apprenticeship requirements

WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued final regulations today on the prevailing wage and apprenticeship (PWA) requirements related to increased credit or deduction amounts for certain clean energy…
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IRS makes Direct File a permanent option to file federal tax returns

WASHINGTON — Following a successful filing season pilot and feedback from a variety of partners, the Internal Revenue Service announced today that it will make Direct File a permanent option for filing federal tax returns starting in the 2025…
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IRS releases final guidance for certain clean vehicle credits

WASHINGTON — The Internal Revenue Service issued final regulations today for the new and previously owned clean vehicle credits. The final regulations provide rules regarding the critical mineral and battery components requirements for…
WXC Corporation Miami Doral
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Pilot closes after 140,000 taxpayers successfully use direct e-filing system

WASHINGTON — The Internal Revenue Service announced the closure of the Direct File pilot with several hundred thousand taxpayers across 12 states signing up for Direct File accounts, and 140,803 taxpayers filing their federal tax returns using…
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Time running out to claim $1 billion in refunds for tax year 2020

WASHINGTON ― The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. The IRS estimates more than $1 billion…
WXC Corporation Doral Miami
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Tax Time Guide 2024: What to know before completing a tax return

WASHINGTON — During the busiest time of the tax filing season, the Internal Revenue Service kicked off its 2024 Tax Time Guide series to help remind taxpayers of key items they’ll need to file a 2023 tax return. As part of its four-part,…
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Taxpayers should continue to report all cryptocurrency

WASHINGTON — The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset related income when they file their 2023 federal income tax return, as they did for their…
WXC Corporation Doral Miami
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Jan. 16 due date for final 2023 quarterly estimated tax payments

WASHINGTON — The Internal Revenue Service today reminded taxpayers who didn't pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax bill when filing in 2024. Taxes are normally…