Post Tagged with: "IRS"

FOCUS: Tips on tax day if you can’t afford to pay now

FOCUS: Tips on tax day if you can’t afford to pay now

Staff reports  |  State and federal individual income taxes are due today, a month after the regular deadline thanks to the pandemic.  But what do you do if you can’t afford to pay right now?  The S.C. Department of Revenue (SCDOR) says there are options:

First, the IRS advises, don’t panic. Both the IRS and the SCDOR offer payment plans that may be available to you.

Second, here’s what the agencies say not to do:

* Do not delay filing your return on time. Filing your return on time will reduce the amount of penalty and interest you will owe, which is added based on the amount of tax not paid by the due date (which is May 17 this year).

* Do not believe paying installments to the SCDOR and the IRS is your only choice. Weigh your options. …

by · 05/17/2021 · Comments are Disabled · Good news, News
FOCUS: Advice on how to avoid identity theft during tax season

FOCUS: Advice on how to avoid identity theft during tax season

With tax season in full swing, the S.C,Department of Revenue (SCDOR) reminds South Carolinians to be on the lookout for identity theft schemes.

According to the Federal Trade Commission, tax-related identity theft occurs when someone uses a Social Security number (SSN) and other personal data to file a bogus tax return and receive the refund. The IRS warns taxpayers to look for the following signs of identity theft:

+ Receiving a letter from the IRS or the SCDOR asking about a tax return you did not file
+ Learning you cannot file a tax return online because of a duplicate SSN
+ Receiving an IRS notice that an online account has been created in your name or an existing account has been accessed or disabled
+ Receiving an IRS or SCDOR notice about collection efforts for taxes from a year you did not file a return …

by · 02/10/2020 · Comments are Disabled · Focus, Good news
MORRIS:  Identity theft and your role in protecting your data

MORRIS: Identity theft and your role in protecting your data

By Kyra Morris, contributing editor | The Federal Trade Commission (FTC) is the U.S. government’s central repository for identity (ID) theft complaints and provides victim assistance and consumer education. In 2014, one billion records – Social Security numbers, credit card numbers, health records, and private photos — were taken. Forty percent of all identity thefts are tax- or wage-related.

In 2015, the IRS “Get Transcript” data breach involved potentially 724,000 compromised accounts. The thieves were able to transcend a multi-step authentication process that required prior personal knowledge about the taxpayers. There was also an additional step where several personal identity verification questions typically only known by the taxpayer were correctly answered.

by · 08/29/2016 · Comments are Disabled · Money, Views