IRS to let Child Tax Credit recipients update banking information

July 1, 2021 WASHINGTON — The Internal Revenue Service today upgraded a key online tool to enable families to quickly and easily update their bank account information so they can receive their monthly Child Tax Credit payment. The bank account update feature was added to the Child Tax Credit Update Portal, available only on […]

Mark your calendar! The Sales Tax Holiday Weekend is coming up!

July 1, 2016 The 2016 Sales Tax Holiday Weekend begins Friday, August 5, 2016 and continues through Sunday, August 7. During this time, the 6% state sales and use tax and any local sales and use taxes will not be imposed on*: clothing and clothing accessories (e.g., hats, scarves, hosiery, handbags) footwear school supplies (e.g., pens, […]

IRS Says be Alert for Tax Scams

July 1, 2016 Tax scammers work year-round; they don’t take the summer off. The IRS urges you to stay vigilant against calls from scammers impersonating the IRS. Here are several tips from the IRS to help you avoid being a victim: Scams use scare tactics. These aggressive and sophisticated scammers try to scare people into […]

If You Get an IRS Notice, Here’s What to Do

July 13, 2013 Each year the IRS mails millions of notices and letters to taxpayers. If you receive a notice from the IRS, here is what you should do: Don’t Ignore It. You can respond to most IRS notices quickly and easily. It is important that you reply right away. Focus on the Issue. IRS […]

Sales tax free weekend in South Carolina this Friday thru Sunday

This weekend, the 6% state sales and use tax, and any applicable local sales and use tax, will not be imposed on clothing, clothing accessories (e.g., hats, scarves, hosiery, and handbags), footwear, school supplies (e.g., pens, pencils, paper, binders, notebooks, books, bookbags, lunchboxes, and calculators), computers, printers and printer supplies, computer software, and bath wash […]

A Summer Adjustment Can Prevent a Tax-Time Surprise

When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages. You […]

What to do if You Get a Notice from the IRS

July 2, 2014. Each year the IRS mails millions of notices. Here’s what you should do if you receive a notice from the IRS: 1. Don’t ignore it. You can respond to most IRS notices quickly and easily. And it’s important that you reply promptly. 2. IRS notices usually deal with a specific issue about your tax […]

Annual Sales Tax Holiday in South Carolina is August 2 – 4

Columbia, SC (July 17, 2013) — The popular Sales Tax Holiday weekend in South Carolina will take place Friday, August 2 at 12:01 am and continue through Sunday, August 4 at midnight. During the 14th Annual Sales Tax Holiday, shoppers will benefit from an exemption of the 6% state sales tax and any applicable local […]

IRS Open On Monday; Agency Cuts Costs, Cancels July 22 Furlough

WASHINGTON — The Internal Revenue Service is cancelling the furlough day scheduled for Monday, July 22 due to its successful ongoing efforts to cut costs. As a result, IRS offices will be open as usual and IRS employees will be paid for that day. This means that all toll-free services, including the Taxpayer Advocate Service, […]

Tips for Employers Who Outsource Payroll Duties

Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and timely depositing payroll taxes on the employer’s behalf and filing required payroll tax returns with state and federal authorities. Though most of […]