IRS online tool simplifies estimating 2023 tax withholding

February 16, 2023 A few minutes spent reviewing income tax withholding early in the year helps set a taxpayer up for success all year long. The Tax Withholding Estimator on makes it easy to figure out how much to withhold. This online tool helps employees withhold the correct amount of tax from their wages. […]

IRS issues guidance on state tax payments to help taxpayers

  February 10, 2023 WASHINGTON – The Internal Revenue Service provided details today clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their […]

All first and second Economic Impact Payments have been issued

February 16, 2021 WASHINGTON – The IRS announced today that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season. Beginning in April 2020, the IRS and Treasury Department began delivering the first round […]

Beware of ‘ghost’ preparers who don’t sign tax returns

February 6, 2021 WASHINGTON – The Internal Revenue Service reminds taxpayers to avoid “ghost” tax return preparers whose refusal to sign returns can cause a frightening array of problems. It is important to file a valid, accurate tax return because the taxpayer is ultimately responsible for it. Ghost preparers get their scary name because they […]

Individuals who need passports should promptly resolve IRS tax debt

February 27, 2019 WASHINGTON ― The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to resolve their tax issues. In January of last […]

South Carolina declares February 4th thru 10th Enrolled Agent week

IRS releases refunds

February 8, 2016 We have been informed that the IRS has released significant funding for tax refunds with an effective date of Wednesday February 10, 2016. This is good news for those of you waiting on a federal refund.  According to previously issued statements by the IRS, 90% of you will have good news waiting […]

How to Determine if the Net Investment Income Tax Applies to You

February 26, 2015 If you have income from investments, you may be subject to the Net Investment Income Tax. You may owe this tax if you receive investment income and your income for the year is more than certain limits. Here are some key tips you should know about this tax: • Net Investment Income Tax.  […]

CMS Announces Special Enrollment Period for Tax Season

Date 2015-02-20 Title CMS Announces Special Enrollment Period for Tax Season For Immediate Release Friday, February 20, 2015 Contact CMS Announces Special Enrollment Period for Tax Season Eligible consumers have from March 15 through April 30 to enroll in coverage The Centers for Medicare & Medicaid Services (CMS) announced today a special enrollment period […]

Open enrollment for ACA health plans extended thru April 30

February 21, 2015 We have not received an official announcement about the affordable care act open enrollment period extension but it is being widely reported in the media. Apparently some of you have been living under a very large rock and somehow had no idea that you had any obligation to go out and get […]