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IRS Has $1 Billion for People Who Have Not Filed a 2008 Income Tax Return

IRS YouTube Videos: Haven’t Filed a Tax Return in Years?: English | Spanish | ASL WASHINGTON — Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008, the Internal Revenue Service announced today. However, to collect the money, a return for […]

Happy St. Patrick’s Day

Please stand by. Posting to resume soon. We apologize for the delay.  

Ten Things to Know About Capital Gains and Losses

Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When you sell a capital asset, the difference between the amount you paid for the asset and its sales price […]

Early Distribution from Retirement Plans May Have a Tax Impact

Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a tax impact when they file their return. Here are 10 facts from the IRS about the tax implications of an early distribution from your retirement […]

When I grow up I want to be a tax accountant

Dirty Dozen Tax Scams

Update: Video added The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of […]

Four Things to Know About Bartering

In today’s economy, small business owners sometimes save money through bartering to get products or services they need. The IRS wants to remind small business owners that the fair market value of property or services received through barter is taxable income. Bartering is the trading of one product or service for another. Usually there is […]

Where’s My Refund tool not functioning properly

We have been notified that the Where’s My Refund tool on the IRS website is not providing accurate information.  Refunds are apparently being issued appropriately but the information is simply not available on Where’s My Refund. This issue also applies to the IRS2Go Smartphone application as well.  

MeF is operational again

On Saturday February 11, 2012 we notified you that the new IRS MeF system was experiencing technical difficulties and was being take off line for maintenance. We have been notified that MeF is once again fully operational. Hopefully this means that taxpayers will be able to experience the benefits of the MeF system, which primarily […]

SC Department of Revenue advises against tax scams

During the individual income tax filing season, there is often an increase in tax-related scams. The SC Department of Revenue is reminding taxpayers to be aware of fraudulent phone calls, text messages, emails or other forms of communication that may ask for personal identifying information such as birth date, social security numbers, address, mother’s maiden […]