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IRS message to taxpayers warns of extended hold time for callers

February 11, 2014.  In a Youtube message to taxpayers from the new IRS Commissioner, John Koskinen, the public is encouraged to use electronic filing and warned to expect challenges in receiving IRS services including extended wait times for telephone callers.  It is not unusual for callers to be on hold for significantly more than an […]

Which Tax Form Should You File?

Which form should you use to file your federal income taxes? These days, most people use a computer to prepare and e-file their tax forms. It’s easy, because tax software selects the right form for you. If you file on paper, you’ll need to pick the right form to use. If you still prefer paper […]

Who Should File a 2013 Tax Return?

January 28, 2014 Do you need to file a federal tax return this year? Perhaps. The amount of your income, filing status, age and other factors determine if you must file. Even if you don’t have to file a tax return, there are times when you should. Here are five good reasons why you should […]

South Carolina Income Tax Filing Opens This Week

Columbia, SC (January 28, 2014) — The SC Department of Revenue (SCDOR) is reminding taxpayers that the 2014 individual income tax filing season opens Friday, January 31, 2014. In accordance with the Internal Revenue Service, SCDOR will begin to accept electronic or paper individual income tax returns this Friday. SCDOR encourages taxpayers to file their […]

Medical Deduction rules change

If you itemize your deductions on Form 1040, Schedule A, new rules may affect your medical expense deduction. The new rules raise the threshold that unreimbursed medical and dental expenses you paid for yourself, your spouse, and your dependents must reach before a deduction is permitted. Most people who itemize their deductions can claim deductions […]

Find unclaimed pension benefits by using search tool

The Pension Benefit Guaranty Corporation has millions of dollars in unclaimed pension benefits.  Does some of this money belong to you?  You can check to see if you are owed a benefit by clicking here. The PBGC recently disseminated this message to encourage pensioners to claim their benefits: Across the country, there are more than […]

South Carolina reafirms it does not recognize same sex marriages

In a draft ruling today, the state of South Carolina reaffirmed it’s intention to not recognize same sex marriages.  The preliminary draft ruling can be found here (PDF). A marriage between one man and one woman is the only lawful domestic union that shall be valid or recognized in this state. Since South Carolina tax […]

2014 Tax Season to Open Jan. 31; e-file Can Speed Refunds

WASHINGTON — The Internal Revenue Service announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds. The new opening date for individuals to file their 2013 tax returns will allow the IRS adequate time to program and test […]

Track Santa on Christmas Eve

If you and your children would like to track Santa’s journey on Christmas Eve, visit NORAD Tracks Santa. In addition to tracking Santa, you can play games, watch videos, listen to music, and learn about holiday traditions from around the world on NORAD Tracks Santa. Find out why and how NORAD (North American Aerospace Defense Command) tracks […]

Three Year-End Tax Tips to Help You Save

Although the year is almost over, you still have time to take steps that can lower your 2013 taxes. Now is a good time to prepare for the upcoming tax filing season. Taking these steps can help you save time and tax dollars. They can also help you save for retirement. Here are three year-end […]