WXC Corporation Miami Doral
,

IRS provides guidance for continuation health coverage

WASHINGTON — The Internal Revenue Service today provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Notice…
WXC Corporation Miami Doral

File taxes now to get refund or cut penalties and interest

WASHINGTON — The Internal Revenue Service reminds taxpayers who missed the recent tax-filing deadline who are due a refund that there is no penalty for filing late. Those who owe and missed the deadline without requesting an…
WXC Corporation Miami Doral
,

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…
WXC Corporation Miami Doral
,

IRS has options for gig economy workers and those with unemployment benefits

WASHINGTON — The Internal Revenue Service reminds workers in the gig economy and those who claimed unemployment compensation in 2020 of their options and where to find information on meeting their tax obligations. Gig economy The gig economy…
WXC Corporation Miami Doral
,

American Rescue Plan tax credits available to small employers

American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines; new fact sheet outlines details. WASHINGTON — The Internal Revenue Service and the Treasury Department announced…
WXC Corporation Miami Doral
,

Treasury, IRS provide guidance on tax relief for deductions for food or beverages

Treasury, IRS provide guidance on tax relief for deductions for food or beverages from restaurants Businesses can temporarily deduct 100% beginning Jan. 1, 2021 WASHINGTON – The Treasury Department and the Internal Revenue Service today…
WXC Corporation Miami Doral
,

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS…
WXC Corporation Miami Doral
,

IRS extends additional tax deadlines for individuals to May 17

WASHINGTON – The Internal Revenue Service today announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund. This…
WXC Corporation Miami Doral
,

More Economic Impact Payments set for disbursement in coming days

WASHINGTON – The Internal Revenue Service announced today that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card. For taxpayers receiving direct…