WXC Corporation Doral Miami
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Employer January 31 wage statement deadline almost here

WASHINGTON — The Internal Revenue Service today urged employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely prevents late-filing penalties for employers, helps…
WXC Miami
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Deferred Social Security tax payment due Dec. 31

The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the deferred amount is due on December 31,…
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Get Ready for taxes: What’s new when filing in 2023

The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season.…
Retirement Plan
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Save for retirement now, get a tax credit later

The Internal Revenue Service reminds low- and moderate-income workers that they can save for retirement now and possibly earn a special tax credit in 2022 and years ahead. The Retirement Savings Contributions Credit, also known as the Saver's…
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IRS reminds those over age 72 to start withdrawals from IRAs

The Internal Revenue Service today reminded those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Required…

NEW OFFICE HOURS DURING DECEMBER 2022

We have some important news to share with you regarding a change of schedule for the month of December. During the month of December, we will maintain slightly different office hours. The office will be open Monday-Thursday from 7:30 a.m. to…
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IRS: Interest rates increase for the first quarter of 2023

WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily,…
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Get Ready now to file your 2022 federal income tax return

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to take simple steps before the end of the year to make filing their 2022 federal tax return easier. With a little advance preparation, a preview of tax changes and convenient…
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Treasury and IRS expand program for approving certain retirement plans

WASHINGTON — The Treasury Department and Internal Revenue Service today announced the expansion of one of their programs for approving retirement plans. The IRS will now allow 403(b) retirement plans, which are used by certain public schools,…