WXC Corporation Miami Doral
,

IRS releases final guidance on transfers of certain credits

WASHINGTON — The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations. The…
WXC Corporation Miami Doral
,

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…
WXC Corporation Miami Doral
,

Taking tax advice on social media can be bad news for taxpayers

WASHINGTON — On day eight of the Dirty Dozen tax scam series, the Internal Revenue Service today warned about bad tax information on social media that can lure honest taxpayers with bad advice, potentially leading to identity theft and tax…

Avoid tax return mistakes, reduce processing delays

WASHINGTON — As the April 15 filing deadline approaches, the Internal Revenue Service issued a reminder to taxpayers on ways to prevent typical errors on their federal tax returns to help speed potential refunds. Collect all tax-related paperwork Taxpayers…

IRS: Free File provides quick, easy way to file an extension

WASHINGTON — As the end of tax season draws near, the Internal Revenue Service reminds taxpayers there’s an easy way to get a tax filing extension through the Free File program. A tax filing extension guarantees the taxpayer six additional…

U.S. taxpayers living, working abroad: File 2023 tax return by June 17

WASHINGTON — The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This deadline applies to both U.S. citizens and resident aliens abroad,…
,

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
,

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,…
WXC Corporation Doral Miami
, ,

IRS: Take care when choosing a tax return professional

WASHINGTON — The Internal Revenue Service today reminded taxpayers that carefully choosing a tax professional to prepare a tax return is vital to ensuring that their personal and financial information is safe and secure and treated with care. Most…