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Tax filing season begins January 29, 2018

R-2018-01, Jan. 04, 2018 WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns […]

What to expect for tax refunds in 2016

January 28, 2016 We are receiving inquiries regarding how long it will take to receive tax refunds this year due to extra scrutiny the IRS is performing to prevent fraudulent tax refunds.  This morning the IRS issued the following notice. WASHINGTON — The Internal Revenue Service today reminded taxpayers that it issues 90 percent of […]

South Carolina flood delayed returns are due soon

January 15 2016 South Carolina taxpayers impacted by the October 2015 floods were offered an extension for returns and payments due between October 1, 2015 and February 16, 2016. The February 16 deadline is approaching. Flood related disaster information may be found on the South Carolina Department of Revenue web site Please feel free to […]

The Individual Shared Responsibility Provision & Your Tax Return

January 6, 2016 The Affordable Care Act requires you, your spouse and your dependents to have qualifying health care coverage for each month of the year, qualify for a health coverage exemption, or make an Individual Shared Responsibility Payment when filing your federal income tax return.   If you had coverage for all of 2015, you […]

IRS Identity Protection PIN letters have an incorrect year listed

January 6, 2016 The IRS has issued the following communication and has asked us to share it with our followers. Due to an error, taxpayers are receiving Identity Protection PIN letters with an incorrect year listed. Taxpayers and tax professionals should be advised the IP PIN listed on the CP 01A Notice dated January 4, […]

The Health Care Law’s Effect on You

January 29, 2015 Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year. The following chart will help you better understand how the health care law affects you and everyone on your return. This chart is also available on IRS.gov/aca. To help navigate […]

IRS “Dirty Dozen” Tax Scams for 2015, Phone Scams Persist

IRS YouTube Video: Tax Scams: English | Spanish | ASL Podcasts:  English | Spanish WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain near the top of the annual “Dirty Dozen” list of tax scams for the 2015 filing season, the Internal Revenue Service has announced. The IRS has seen a […]

Six Tips on Who Should File a 2014 Tax Return

January 22, 2015 Most people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. This year, there are a few new rules for some who must file. Here are six tax tips to […]

It’s the most wonderful time of the year

January 20, 2015 Tax season is here and the 1040’s have been hung by the chimney with care, in hopes that tax refunds soon would be there. You better not cheat, and I,m telling you why, the IRS is coming to town.  They’re making a list and checking twice, gonna find out who’s got minimally […]

Taxpayer Bill of Rights

January 3, 2015 Every taxpayer has a set of fundamental rights. You should be aware of these rights when you interact with the Internal Revenue Service. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 broad categories. That makes them easier to find and to […]