WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.
The February 12 start date for individual…
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WASHINGTON — Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns.
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WASHINGTON — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees…
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Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006, according to the National Association of Realtors. Activity in the major regions was mixed on a month-over-month basis, but each of the four…
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Businesses and consumers alike are finding ways to adapt and stay resilient during these unprecedented times. Though recovery may take time, a new report confirms the strength of entrepreneurialism and grit of small business owners, who remain…
https://wxccorporation.com/wp-content/uploads/2020/12/dec20-4.jpg398714admin-wxchttps://wxccorporation.com/wp-content/uploads/2017/06/logo1.jpgadmin-wxc2020-12-30 03:25:302020-12-30 03:25:30Small Business Optimism Persists, Despite the Pandemic
As 2020 draws to a close—finally—employers may take advantage of several tax credits for employee wages. Consider these four tax-saving opportunities created by recent tax legislation.
1. Family and medical leave credit: This credit,…
https://wxccorporation.com/wp-content/uploads/2020/12/dec20-3.jpg398714admin-wxchttps://wxccorporation.com/wp-content/uploads/2017/06/logo1.jpgadmin-wxc2020-12-30 03:23:032020-12-30 03:23:03Four Important Employer Tax Credits for 2020
WASHINGTON – The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year.
The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted…
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WASHINGTON — As part of the Security Summit effort, the Internal Revenue Service announced today that starting in January the Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their…
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WASHINGTON – Today the Treasury Department and Internal Revenue Service issued final regulations PDF relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also…
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2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
Important reminders before filing 2020 tax returns
New law extends COVID tax credit for employers who keep workers on payroll
Existing Home Sales Rose 0.7% in December, Annual Sales Highest Since 2006
Small Business Optimism Persists, Despite the Pandemic
Four Important Employer Tax Credits for 2020
Expanded tax benefits help individuals and businesses give to charity during 2020
IRS expands Identity Protection PIN Opt-In Program to taxpayers nationwide
The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property