IRS automatically waives estimated tax penalty for eligible 2018 tax filers

August 14, 2019 WASHINGTON — The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver to tax accounts of all eligible taxpayers, so there is no […]

Individuals who need passports should promptly resolve IRS tax debt

February 27, 2019 WASHINGTON ― The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to resolve their tax issues. In January of last […]

South Carolina declares February 4th thru 10th Enrolled Agent week

The SCDOR to begin accepting Tax returns on Monday, January 28, 2019.

The South Carolina Department of Revenue (SCDOR) and the IRS will begin accepting Individual Income Tax returns on Monday, January 28, 2019. The SCDOR is encouraging taxpayers to file electronically. “It’s faster, more accurate, and the safest method of filing,” said SCDOR Director Hartley Powell. “Last year, 89% of South Carolinians filed electronically. We hope […]

Tax season is here

December 30 2018 Despite the ongoing government shutdown, tax season is essentially upon us.  If not resolved, the shutdown could delay the official start of tax season, as defined by the date the IRS begins accepting and processing tax returns. But even though the government may allow themselves to ignore their responsibilities, that privilege does […]

New 100-percent depreciation deduction for business taxpayers

October 13, 2018 Tax reform legislation passed in December 2017 includes changes that affect businesses. One of these changes allows businesses to write off most depreciable business assets in the year they place them in service. Here are some facts about this deduction to help businesses better understand how to claim it: The 100-percent depreciation […]

Tax Relief for North and South Carolina Victims of Hurricane Florence

Posted September 30, 2018 SC-2018-01, Sept. 24, 2018 SOUTH CAROLINA — Victims of Hurricane Florence that took place beginning on Sept. 8, 2018 in South Carolina may qualify for tax relief from the Internal Revenue Service. The President has declared that a major disaster exists in the States of North & South Carolina. Following the […]

IRS provides tax relief for victims of Hurricane Florence

September 15, 2018 WASHINGTON — Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency […]

Taxpayers should know the telltale signs of a scam

June 5, 2018 Many taxpayers recently filed their taxes and may be waiting for a response from the IRS. Because of this summertime tends to be a period when thieves increase their scam attempts. They try to get people to disclose personal information like Social Security numbers, account information and passwords. To avoid becoming a […]

IRS now billing those who filed but didn’t pay; Many payment options available

May 29, 2018 IRS YouTube Videos: Easy Ways to Pay My IRS Taxes – English | Spanish | ASL WASHINGTON — The Internal Revenue Service today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the […]