local updates
Is selling a rental property passive income?
Although rental income is passive income, the sale of any real estate (including rental property) results in a capital gain or capital loss not passive in...
Read Journal 
business
Do you owe taxes if deceased?
All income up to the date of death must be reported and all credits and deductions to which the decedent is entitled may be claimed. If the decedent is du...
Read Journal
arts
When can you file SC State taxes 2021?
April 15, 2021 Attention: The deadline to e-file South Carolina Tax Returns is April 15, 2021 May 17, 2021. 2020 South Carolina State Income Tax Return fo...
Read Journal
technology insights
What are the tax consequences of a reverse mortgage?
No, reverse mortgage payments aren’t taxable. Reverse mortgage payments are considered loan proceeds and not income. The lender pays you, the borrower, lo...
Read Journal
business
What kind of tax lawyer do I Need?
Tax lawyers can assist with understanding tax law and resolve tax liens, back taxes, tax debt recovery and relief, and IRS compliance issues. Use FindLaw ...
Read Journal
environment
Can HR Block help verify identity?
Tax Identity Restoration Assistance – A dedicated H&R Block restoration agent will walk you through the restoration process to help restore your tax i...
Read Journal
technology insights
Why did my Social Security tax go up?
Why the substantial increase? The increase in the wage base reflects any real wage growth. The maximum Social Security tax per worker will be $17,707.20—o...
Read Journal
technology insights
What is the best accounting software package?
The 8 Best Accounting Software for 2021 Best Overall: FreshBooks. Runner-Up, Best Overall: Intuit QuickBooks. Best for Multiple Users: Sage Business Cloud...
Read Journal
science
Can I still contribute to 2018 traditional IRA?
You can first start making contributions to an IRA that will count toward your 2018 tax-year limit on Jan. 1, 2018. That means you can still keep making 2...
Read Journal
local updates
Do I have to file South Carolina income tax?
If you are a South Carolina resident, you are generally required to file a South Carolina Income Tax return if you are required to file a federal return. ...
Read Journal