IRS releases refunds

February 8, 2016 We have been informed that the IRS has released significant funding for tax refunds with an effective date of Wednesday February 10, 2016. This is good news for those of you waiting on a federal refund.  According to previously issued statements by the IRS, 90% of you will have good news waiting […]

What to expect for tax refunds in 2016

January 28, 2016 We are receiving inquiries regarding how long it will take to receive tax refunds this year due to extra scrutiny the IRS is performing to prevent fraudulent tax refunds.  This morning the IRS issued the following notice. WASHINGTON — The Internal Revenue Service today reminded taxpayers that it issues 90 percent of […]

South Carolina flood delayed returns are due soon

January 15 2016 South Carolina taxpayers impacted by the October 2015 floods were offered an extension for returns and payments due between October 1, 2015 and February 16, 2016. The February 16 deadline is approaching. Flood related disaster information may be found on the South Carolina Department of Revenue web site Please feel free to […]

The Individual Shared Responsibility Provision & Your Tax Return

January 6, 2016 The Affordable Care Act requires you, your spouse and your dependents to have qualifying health care coverage for each month of the year, qualify for a health coverage exemption, or make an Individual Shared Responsibility Payment when filing your federal income tax return.   If you had coverage for all of 2015, you […]

IRS Identity Protection PIN letters have an incorrect year listed

January 6, 2016 The IRS has issued the following communication and has asked us to share it with our followers. Due to an error, taxpayers are receiving Identity Protection PIN letters with an incorrect year listed. Taxpayers and tax professionals should be advised the IP PIN listed on the CP 01A Notice dated January 4, […]

Seven Steps for Making Identity Protection Part of Your Routine

December 7, 2015 The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important to always be on guard. The IRS has teamed up with state revenue departments and the tax industry to make sure you […]

South Carolina Department of Revenue offers flood victim relief

10/9/2015 The South Carolina Department of Revenue has issued notice that it will provide relief to taxpayers affected by the recent flood disaster event.  The state promises to essentially mirror the relief provided by the federal government. Here is a link to a PDF document discussing this relief. Please feel free to contact Tax On […]

IRS Warns of Scams On South Carolina Flood Victim Relief

10/9/2015 WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states. “When making donations to assist flood victims in South Carolina and elsewhere, taxpayers should take steps to ensure their hard-earned money goes to legitimate and […]

IRS Provides Tax Relief to South Carolina Flood Victims

10/7/2015 IRS YouTube Videos Help for Disaster Victims: English | Spanish | ASL WASHINGTON ––South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay any taxes due, the Internal Revenue Service announced today. All workers assisting […]

South Carolina disaster county list update, IRS tax relief

10/7/2015 The IRS has updated the list of counties covered by the disaster declaration and has issued the following communication. As the damage continues to be assessed I expect the Declaration will continue to be amended. Berkeley, Sumter and Clarendon counties have now been added.  I just received the FEMA order that substantiates this information. […]