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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. […]

South Carolina declared a federal disaster area, IRS tax relief

October 6, 2015 We have received the following communication from the IRS regarding the South Carolina disaster flooding event for October 2015. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in South Carolina will receive tax relief. The President has declared […]

Tax-filing Extension Expires Oct. 15 for Millions of Taxpayers

September 28, 2015 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file. About a quarter of the 13 million taxpayers who requested an automatic six-month extension this year have […]

Are You Subject to the Individual Shared Responsibility Provision

August 14, 2015 The Affordable Care Act includes the individual shared responsibility provision that requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file. Who is subject to this provision? All U.S. citizens living in the United […]

Taxpayers at risk of losing affordable health insurance

August 10,  2015 Taxpayers who have filed a valid extension for their tax return for 2014 have until October 15 2015 to file a timely tax return.   However, if you receive your health insurance through the Affordable Care Act (Obamacare) there is a little problem.  The IRS requires you to reconcile the Advance Premium Tax […]

If You Get an IRS Notice, Here’s What to Do

July 13, 2013 Each year the IRS mails millions of notices and letters to taxpayers. If you receive a notice from the IRS, here is what you should do: Don’t Ignore It. You can respond to most IRS notices quickly and easily. It is important that you reply right away. Focus on the Issue. IRS […]

Include a Few Tax Items in Your Summer Wedding Checklist

June 29, 2015 If you’re preparing for summer nuptials, make sure you do some tax planning as well. A few steps taken now can make tax time easier next year. Here are some tips from the IRS to help keep tax issues that may arise from your marriage to a minimum: Change of name. All […]