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New 100-percent depreciation deduction for business taxpayers
October 13, 2018 Tax reform legislation passed in December 2017 includes changes that affect businesses. One of these changes allows businesses to write off most depreciable business assets in the year they place them in service. Here are some facts about this deduction to help businesses better understand how to claim it: The 100-percent depreciation […]
IRS Gives Victims of Hurricane Matthew Until March 15 to File
October 17, 2016 IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew; Parts of Four States Eligible; Extension Filers Have Until March 15 to File Caution: This is not an extension to pay taxes due by April 17, 2016! Read this carefully to understand the relief granted. WASHINGTON –– Hurricane Matthew victims in much […]
IRS Gives Tax Relief to Victims of Hurricane Matthew
October 12, 2016 Victims of Hurricane Matthew, which took place beginning on October 4, 2016, in parts of North Carolina, may qualify for tax relief. The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. Affected areas that currently qualify include Beaufort, Bladen, Columbus, […]
SCDOR Offering Hurricane Matthew Tax Relief for Certain Taxpayers
October 12, 2016 The South Carolina Department of Revenue is extending certain South Carolina tax deadlines for taxpayers in counties declared a federal disaster area. Official information including tax types and deadlines will be outlined in a forthcoming SCDOR Information Letter. Affected counties include: Beaufort Berkeley Charleston Colleton Darlington Dillon Dorchester Florence Georgetown Horry Jasper […]
South Carolina Department of Revenue offers flood victim relief
10/9/2015 The South Carolina Department of Revenue has issued notice that it will provide relief to taxpayers affected by the recent flood disaster event. The state promises to essentially mirror the relief provided by the federal government. Here is a link to a PDF document discussing this relief. Please feel free to contact Tax On […]
IRS Warns of Scams On South Carolina Flood Victim Relief
10/9/2015 WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states. “When making donations to assist flood victims in South Carolina and elsewhere, taxpayers should take steps to ensure their hard-earned money goes to legitimate and […]
IRS Provides Tax Relief to South Carolina Flood Victims
10/7/2015 IRS YouTube Videos Help for Disaster Victims: English | Spanish | ASL WASHINGTON ––South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay any taxes due, the Internal Revenue Service announced today. All workers assisting […]
South Carolina disaster county list update, IRS tax relief
10/7/2015 The IRS has updated the list of counties covered by the disaster declaration and has issued the following communication. As the damage continues to be assessed I expect the Declaration will continue to be amended. Berkeley, Sumter and Clarendon counties have now been added. I just received the FEMA order that substantiates this information. […]
South Carolina declared a federal disaster area, IRS tax relief
October 6, 2015 We have received the following communication from the IRS regarding the South Carolina disaster flooding event for October 2015. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in South Carolina will receive tax relief. The President has declared […]
South Carolina ranked 16th best place to retire
October 22, 2014 Moneyrates.com ranked all 50 states on their potential to provide a good experience for retirees. South Carolina came in number 16, Alaska came in last place, Hawaii came in first place despite their high cost of living. The rankings considered factors such as the senior population, economics, crime, weather and life expectancy. […]