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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 […]

What is Sequestration?

You might have seen the term “sequestration” in the news lately. It is a process that automatically cuts the federal budget across all departments and agencies. Learn more about sequestration and what it means.

Dispelling Myths About the Affordable Care Act

As a business owner, it can be difficult to understand how the Affordable Care Act can affect your business. So to help clarify the myths versus facts, the Small Business Administration is launching a new blog series called “Myth vs. Fact: The Affordable Care Act and Small Business.” One prominent line of thinking that seems to […]

Study Highlights Importance of Checking Your Credit Report

A study on credit report accuracy recently found that 1 in 5 of the participating consumers had an error on at least one of their three credit reports. Why Do Credit Report Errors Matter? Errors on your credit report can negatively affect your credit score, which is used to evaluate your applications for credit cards, […]

Sumter Woman Arrested on Five Income Tax Charges

Columbia, SC (February 22, 2013) — Friday, a Sumter County resident was arrested and charged with failure to file South Carolina income tax returns for a five year period. According to investigators with the SC Department of Revenue, Rebecca Duncan, 58, failed to file tax returns for years 2006 through 2010. During this time, Duncan […]

Beware of Bogus IRS Emails

The IRS receives thousands of reports every year from taxpayers who receive emails out-of-the-blue claiming to be from the IRS. Scammers use the IRS name or logo to make the message appear authentic so you will respond to it. In reality, it’s a scam known as “phishing,” attempting to trick you into revealing your personal […]

Save Money with the Child Tax Credit

If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here are some facts the IRS wants you to know about the credit. Amount.  The non-refundable Child Tax Credit may help reduce your federal income tax by up to $1,000 for each qualifying child you claim on […]