Announcements

FAQS

The length of time that someone should retain tax paperwork can vary greatly depending on what type of tax return, and whether or not the paperwork is for a business or an individual. You can access more general information on the “Record Retention Guide” at this link: https://www.rsccpa.net/retentionguide.htm

Yes, you could be subject to penalties if the payments are not made throughout the year.

Yes, but you will pay penalties and interest until the total balance is paid off and the State of SC generally will put on a lien on your credit report.

Please visit our secure Client Portal.

Please find a link above for both Federal and State of SC refunds. All States will generally have a link on their State Department website.

Important Deadlines

Individuals

April 15, 2020

Tax Day for the 2019 tax year is April 15, 2020.

October 15, 2020

With an extension, the deadline to file your tax return for the 2019 tax year is October 15, 2020, but your tax liability is still due on April 15th.

Businesses

October 15, 2020

This is the deadline to send out Form W-2 to your employees, and to file the documents with the IRS. This is also the deadline to issue 1099s to all independent contractors who receive payments in 2019.

February 29, 2020

Deadline for businesses to file information returns, Form 1096, with the IRS that report on 1099s issued for 2019.

March 15, 2020

This is the tax return deadline for S-Corps and for Partnerships. You can file for a 6-month extension on either return.

April 15, 2020

This is the due date for Corporate Tax Returns. You can file a 6-month extension for this return, but your tax liability is still due on April 15th.

September 15, 2020

If you received a 6-month extension to file a tax return for an S-Corp or Partnership, the return is due on this day.

October 15, 2020

If you were granted an extension of time to file a corporate tax return, your tax return is due on this date.