SCDOR Offering Hurricane Matthew Tax Relief for Certain Taxpayers

October 12, 2016 The South Carolina Department of Revenue is extending certain South Carolina tax deadlines for taxpayers in counties declared a federal disaster area. Official information including tax types and deadlines will be outlined in a forthcoming SCDOR Information Letter. Affected counties include: Beaufort Berkeley Charleston Colleton Darlington Dillon Dorchester Florence Georgetown Horry Jasper […]

Tax Deadline Approaching for extended tax returns

September 28, 2016 If you filed form 4868 to extend the tax filing deadline for your form 1040, the extended deadline for getting your tax return filed is fast approaching.  October 15, 2016 is the statutory deadline, but since that date falls on a Saturday, the date is moved to the next business day, in […]

Tax Effects of Divorce or Separation

August 24, 2016 If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here are some key tax tips to keep […]

Mark your calendar! The Sales Tax Holiday Weekend is coming up!

July 1, 2016 The 2016 Sales Tax Holiday Weekend begins Friday, August 5, 2016 and continues through Sunday, August 7. During this time, the 6% state sales and use tax and any local sales and use taxes will not be imposed on*: clothing and clothing accessories (e.g., hats, scarves, hosiery, handbags) footwear school supplies (e.g., pens, […]

IRS Says be Alert for Tax Scams

July 1, 2016 Tax scammers work year-round; they don’t take the summer off. The IRS urges you to stay vigilant against calls from scammers impersonating the IRS. Here are several tips from the IRS to help you avoid being a victim: Scams use scare tactics. These aggressive and sophisticated scammers try to scare people into […]

IRS Offers New Cash Payment Option

April 17, 2016 WASHINGTON — The Internal Revenue Service announced a new payment option for individual taxpayers who need to pay their taxes with cash. In partnership with ACI Worldwide’s and the PayNearMe Company, individuals can now make a payment without the need of a bank account or credit card at over 7,000 7-Eleven […]

New York State highlights sound ways to use your tax refund

March 30, 2016 The New York State Department of Taxation and Finance, and the New York Department of State’s Division of Consumer Protection, are highlighting five ways that the seven million New Yorkers who receive tax refunds can make smart decisions with their money. Save–Use your tax refund to bolster your emergency savings. This could […]

Tutorial on the basics of South Carolina taxation

The South Carolina Department of Revenue has published on its website a basic tutorial on South Carolina taxation.  For the do it your selfer or those new to South Carolina taxation, this could be a very useful tool to help you complete your tax return. The tutorial can be found here Of course, for those […]

How to choose a tax preparer

March 22, 2016 Although we are located in South Carolina, we prepare tax returns for clients all across the country including the state of New York. For the past few weeks, the state of New York has been on a bit of a tear locking up rogue tax preparers, as have many other jurisdictions including […]

What to Do if You Don’t Receive Your Health Care Information Form

March 8, 2016 This year, you may receive one or more forms that provide information about your 2015 health coverage; these forms are 1095-A, 1095-B and 1095-C. The IRS does not issue these forms and cannot provide you with a copy of any of these forms. This tip provides guidance about what you should do […]