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Tax Updates March 2, 2021

Selecting Tax Return Preparers The IRS is reminding taxpayers to choose a tax return preparer with care. While the vast majority of paid preparers provide quality service, others commit fraud, identity theft, and other scams. Credentials to look for in a professional with whom you’re trusting your personal and financial information include: Year-round availability – […]

Announcement Regarding Stimulus Payments

Announcement! Because Republic Bank has closed out their 2020 accounts in preparation for the 2021 tax season, they cannot process direct deposit stimulus payments. The payments will be sent back to the IRS for processing. Taxpayers who used Republic Bank products to receive a tax refund  or the economic stimulus refund will be receiving a […]

Health Update for Little Giant Tax

At Little Giant Tax Services, we care for the health of our customers and staff members. While South Carolina is opening restaurants and office spaces for the public, we are able to serve you with drop off services and tax consulting via video chat or the phone. In order to serve you, we are available […]

IRS Updates Beginning of April

Tax Day Extended to July 15 The IRS previously pushed back the date to file and pay taxes to July 15, 2020 for victims of the Tennessee tornadoes, but that change in tax day has now been extended to all Americans, amid the current and ongoing COVID-19 crisis. Taxpayers do not need to take any […]

Tax Updates Mid February 2020

New Form 1040-SR Option For Seniors The Bipartisan Budget Act of 2018 required the IRS to create a new filing option for seniors. 1040-SR features larger print and a standard deduction chart, and is available to taxpayers age 65 or older who prefer a form with increased readability. The form may be used to file […]

IRS Tax Updates January 23

Individual Filing Season Opens For individuals, the IRS will begin accepting tax returns on January 27, 2020. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020, unless an extension is filed (estimated tax payments will still be due). The IRS says this will help ensure the security […]

Tax Season is Here!

Our early advance program through Republic Bank means that you can have access to some of your tax credits today. If you want to find out how much you qualify for, stop by our office, open 9-5 until the 20th, then 9:00 Am to 8:00 PM.

IRS Updates 13 December

National Tax Security Awareness Week The IRS and Security Summit partners marked National Tax Security Awareness Week earlier this month with a series of tips and reminders for consumers, taxpayers, businesses, and professionals. Advice focused on protecting your personal and financial information while online shopping, guarding against email and phishing scams, creating strong passwords, tips […]

Recent IRS Gift Card Scams

The IRS has warned about a recent gift card scams, one of the many scams that people need to be aware of. IRS GIft Card Scams These scams follow many of the traits of a typical phone scam: someone calls you from a source that you wouldn’t question. They tell you that something bad has […]

IRS Tax Updates December 2

IRS Updates Deductible Guidelines The IRS has issued guidance on some of the changes brought about by the Tax Cuts and Jobs Act (TCJA) regarding certain deductible expenses. The rules for using the optional standard mileage rates in deducting costs of operating an automobile for business, charitable, medical or moving expense purposes have been updated. […]