South Carolina Taxpayers Are Reminded of ProtectMyID Enrollment

Columbia, SC (March 14, 2013) — The March 31, 2013 deadline to enroll with Experian’s ProtectMyID credit monitoring service is fast approaching and the SC Department of Revenue (DOR) is reminding taxpayers to sign up either online or by phone for the one-year, free service. Individuals who have not already enrolled with ProtectMyID are urged […]

IRS Has $917 Million for People Who Have Not Filed a 2009 Income Tax Return

WASHINGTON — Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced today. However, to collect the money, a return for 2009 must be filed with the IRS no later than Monday, April 15, 2013. […]

Four Tax Tips about Your Unemployment Benefits

If you received unemployment benefits this year, you must report the payments on your federal income tax return. Here are four tips from the IRS about unemployment benefits. 1. You must include all unemployment compensation you received in your total income for the year. You should receive a Form 1099-G, Certain Government Payments. It will show […]

Seven Important Tax Facts about Medical and Dental Expenses

If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these seven facts about claiming the medical and dental expense deduction. 1. You must itemize.  You can only claim medical and dental expenses for costs […]

Social Security Benefits and Your Taxes

Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form shows the amount of benefits you received in 2012. Here are five tips from the IRS to help you determine if your benefits are taxable: […]

First-Time Homebuyer Credit Look-up Tool Helps Taxpayers Who Must Repay the Credit

The IRS no longer mails reminder letters to taxpayers who have to repay the First-Time Homebuyer Credit. To help taxpayers who must repay the credit, the IRS website has a user-friendly look-up tool. Here are four reminders about repaying the credit and using the tool: 1. Who needs to repay the credit?  If you bought a […]

IRS says delayed tax forms scheduled to be approved and accepted for processing March 3, 2013

The IRS has notified the industry that most of the remaining tax forms delayed because of the late approval of legislation will be approved for electronic filing and processed beginning Sunday March 3, 2013.  We expect the kinks to be worked out and the system to be rocking and rolling by Monday March 4, 2013. […]

How You Can Get Prior Year Tax Information from the IRS

The IRS offers several different ways to get tax return information or a copy of your own tax return for prior years. Here are options to help you get the information you need. Tax Return Transcript.  This shows most line items from your tax return as originally filed, along with any forms and schedules from […]

How to Get Help with Your Mortgage or Foreclosure

If you need help paying your mortgage, you may be eligible for assistance through a variety of programs. Through the Making Home Affordable program, you can: Refinance and take advantage of lower mortgage interest rates. Reduce your monthly mortgage payments. Get mortgage relief while searching for re-employment. Get help when you owe more than your […]

Five Tips if Your Name Has Changed

If you were married or divorced and changed your name last year, be sure to notify the Social Security Administration before you file your taxes with the IRS. If the name on your tax return doesn’t match SSA records, the IRS will flag it as an error and that may delay your refund. Here are […]