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COVID relief: IRS helps employers wanting to rehire retirees

WASHINGTON — To help address COVID-related labor shortages, the Internal Revenue Service today reminded employers that they generally will not jeopardize the tax status of their pension plans if they rehire retirees or permit distributions…
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69% of Leisure Travelers to Reduce Trips Due to Delta Variant

U.S. leisure travelers plan to significantly pare back travel plans amid rising COVID-19 cases, with 69% planning to take fewer trips, 55% planning to postpone existing travel plans, and 42% likely to cancel existing plans without rescheduling,…
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Oct. 15 deadline for taxpayers who requested extensions to file 2020 tax returns

WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing…
WXC Corporation Doral Miami
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2021 Tax Breaks for Self-Employed Business Vehicles

The new 2022 car and truck models will be in dealership showrooms soon. If you’re in the market for a vehicle for your self-employed business, don’t forget to factor taxes into the equation. Starting point: Generally, you can claim deductions…
WXC Corporation Miami Doral
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Home Values Up 11.6% Over Last Year

Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow's latest Market Report shows. Data from April pushed the envelope even further: Annual home value growth for a typical U.S.…
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IRS release state-by-state data on third round of Economic Impact Payments

WASHINGTON — The Internal Revenue Service and the Treasury Department released information today detailing how many people in each state received the third round of Economic Impact Payments through early June. The new details, available…
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IRS sending more than 2.8 million refunds to those who already paid taxes

WASHINGTON —The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income. IRS efforts to correct unemployment compensation…
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Two Thirds of Small Business Fear Inflation Will Hurt Recovery

The Alignable Inflation Poll, conducted among 7,735 small business owners from 4/24/21 to 5/5/21, shows that more than two out of three small business owners (67%) are concerned that inflation will hurt their ability to recover. And 38% of small…
WXC Corporation Miami Doral
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One Third of Remote Workers Say No to Returning to Office Full Time

More companies are calling workers back to the office, but will they readily return? A new study by global staffing firm Robert Half shows that about 1 in 3 professionals (34%) currently working from home due to the pandemic would look for a…